Niko Myllynen studied criteria that companies use when choosing their service provider for e-invoicing. Niko developed a set of nine criteria and conducted a survey yielding 308 responses. The findings of this study suggest that companies regard criteria related to either present or future aspects of business as most important. These include the criteria of End-user Usability, Reach, Economic Viability and Service Development. According to the findings, the criteria that are bound to a single ..

XBRL seminar in Finland 31.3.2011
Real-Time Economy program organized an XBRL (eXtensible Business Reporting Language) seminar on 31.3.2011 at the Aalto University School of Economics. The aim of the event was to explore the possibilities of implementing XBRL in Finland. The speakers of the seminar included Esko Penttinen (Aalto), Bo Harald (Tieto), Lars Berglöf (xbrl Europe), Vuokko Mäkinen (Hawcon), Anders Tallberg (Hanken) and the sessions generated lively discussion on the different aspects..

3rd Annual RTE Poster Evening 5.5.2011
The third annual Real-Time Economy Poster Evening was held on 5.5.2011 at the Aalto University School of Economics. The event brought together around 100 people interested in learning more about the latest research conducted in the Real-Time Economy Competence Center. The organizers were especially happy to see so many company representatives (around 70) participating to the event. The evening acted as a networking event as well and we could see a number o..

22nd XBRL International Conference in Brussels http://conference.xbrl.org/.

XBRL (eXtensible Business Reporting Language) is XML-based global standard for exchanging business information. XBRL is described to bring major benefits in the preparation, analysis and communication of business information. Learn more about it at http://www.xbrl.org/WhatIsXBRL/

This is the global support from SWIFT that the market needs. As seen from the work with the Single European Payment Area it is necessary to get a network standard in place first - and then make the market create end-to-end harmonization. This will happen faster if enterprises using these services and regulators see and drive the big picture - and service providers go for the inevitable network interoperability models.

This should also end the debates on:

-  if a global network standard for e-i..

Looking back - some of the most viewed posts:

On EU:

• Questions European Tax Payers should ask: http://www.finextra.com/community/fullblog.aspx?id=2815
• A digital Single Market - why and how?: http://www.finextra.com/community/Fullblog.aspx?id=4497
• The future of Direct Debit - e-invoicing with standing order: http://www.finextra.com/community/Fullblog.aspx?id=4156
• Far more important than SEPA: http://www.finextra.com/community/Fullblog.aspx?id=4020
• Enterprises - high time to stand up: http://..

What is your opinion on the ideas presented in the Green Paper on the future of VAT?

 http://ec.europa.eu/taxation_customs/common/consultations/ta x/2010_11_future_vat_en.htm

 Based on the usability study carried out in spring and summer of 2010 a paper is written to the HCII 2011 conference. The paper presents the results of our usability study on sending e-invoives through banks' internet bank systems and discusses the problems that SMEs encounter with the systems. In total twelve SMEs were interview for the study.

 There will also be a continuation study with a larger sample of SMEs.

The HCII 2011 conference web page

www.hcii2011.org 

 Nordea takes a sucker-punch in its own game.

Nordea has today mass-mailed a notice to all software providers with the following finnish content (as attached). I'll translate the message here in English for scrutiny. I'm not a qualified translator and will take no responsibility that the wording is portrayed as the original sender would have wanted if they were to release the same statement.

--translation begins--

Regarding the status of Finvoice 1.3

There has appeared severe challenges in the..