Real-Time Economy Community - New ideas

Heavyweight support for Global ISO-standard created

Bo Harald — Fri, 11 Mar 2011 08:17:46 GMT

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-invoicing is needed - and if Europe should not be the first to deploy

- if the ISO20022 e-invoice message standard - based on ISO methodology, processes and change request procedures - is in some way less of a standard in the real sense than the ISO20022 SEPA-payment standard - created in the same way

- if the ISO20022 e-invoicing standard is in some way meant to be used only by service providers from the banking sector - certainly not the case. So now it is very much up to all service providers to adopt it - before regulators have to do it (like SEPA). I am sure all will side with this - preferably publicly - and as soon as possible.

Great day!

What did you read?

Bo Harald — Wed, 05 Jan 2011 07:09:32 GMT

What did you read?

03/01/2011 14:47:27

I posted the list below on 30.12.2010 and checked growth in selected page views today (3.1.2011)

On EU:

Questions European Tax Payers should ask: now 6516 views + 36! http://www.finextra.com/community/fullblog.aspx?id=2815
A digital Single Market - why and how?: now 2081 + 26, http://www.finextra.com/community/Fullblog.aspx?id=4497
The future of Direct Debit - e-invoicing with standing order: now 1867 + 39!, http://www.finextra.com/community/Fullblog.aspx?id=4156
Far more important than SEPA: now 1860 +37!http://www.finextra.com/community/Fullblog.aspx?id=4020
Enterprises - high time to stand up: now 1985 +26 http://www.finextra.com/community/Fullblog.aspx?id=3689
Now we have two legs - where is the body?: 1749 + 19 http://www.finextra.com/community/Fullblog.aspx?id=4021
No commercial constellation will create this Single Market milestone: 1787 + 32!
http://www.finextra.com/community/Fullblog.aspx?id=4022
It is our money: 1669 + 19 http://www.finextra.com/community/Fullblog.aspx?id=4684
Dream scenario for VAT auditing: http://www.finextra.com/community/Fullblog.aspx?id=3156
118,8 bn € lost in 2009: http://www.finextra.com/community/Fullblog.aspx?id=4774
Liberating the power of SMEs: http://www.finextra.com/community/Fullblog.aspx?id=3519
EU Commission request delivered: http://www.finextra.com/community/Fullblog.aspx?id=4790

On e-banking

e-banking in the old days: 2410 + 26 http://www.finextra.com/community/Fullblog.aspx?id=3357
Avoid Ice Ages: 182 + 22 http://www.finextra.com/community/Fullblog.aspx?id=3418
E-banking STILL growing strongly in Finland: 1918 + 22 http://www.finextra.com/community/Fullblog.aspx?id=4038
Pyramid upside down - finally: 1722 + 25 http://www.finextra.com/community/Fullblog.aspx?id=3705
Have banks given up?: 1781 + 28 http://www.finextra.com/community/Fullblog.aspx?id=3803
Banks - time to deliver new customer value: 1672 + 21 http://www.finextra.com/community/Fullblog.aspx?id=2540
Standard feature in any e-bank: http://www.finextra.com/community/Fullblog.aspx?id=2620

On e-invoicing:

Think small: 5822 +26 http://www.finextra.com/community/Fullblog.aspx?id=2813
966 billion reasons for split payment VAT: http://www.finextra.com/community/fullblog.aspx?id=4775
Final report - roadmap to paradigmatic platform: 3275 + 28 http://www.finextra.com/community/Fullblog.aspx?id=3625
Republic of Finland - exemplary action: 3070 + 33!http://www.finextra.com/community/Fullblog.aspx?id=3651
Happy end for SME-tale in sight - if banks do their part: 2931 + 5 http://www.finextra.com/community/Fullblog.aspx?id=3650
54 billion reasons in Germany: 2936 + 22 http://www.finextra.com/community/Fullblog.aspx?id=3150
All of Europe moving to equal treatment: 2694 + 28 http://www.finextra.com/community/Fullblog.aspx?id=3950
Nobody promised you a rose garden: 2167 + 28 http://www.finextra.com/community/Fullblog.aspx?id=4488
Letter to Santa Claus: 1999 + 32! http://www.finextra.com/community/Fullblog.aspx?id=2297
Expectation surge from corporate customers: 1954 + 19 http://www.finextra.com/community/Fullblog.aspx?id=4093
3-corner model - a problem on our hands: 1948 + 29 http://www.finextra.com/community/Fullblog.aspx?id=4260
Germany to simplify e-invoicing: 1836 + 26 http://www.finextra.com/community/Fullblog.aspx?id=4664
Paper invoices have NO future: 1889 + 19 http://www.finextra.com/community/Fullblog.aspx?id=3490
The end of the beginning: 1706 + 20 http://www.finextra.com/community/Fullblog.aspx?id=4050
Excellent paper from the EU Commission: 1715 + 25 http://www.finextra.com/community/Fullblog.aspx?id=4776
From sending e-invoice to receiving payment - less than 30 minutes: 1680 + 24 http://www.finextra.com/community/Fullblog.aspx?id=4660
Will banks do their part?: http://www.finextra.com/community/Fullblog.aspx?id=4638
If I would be a banker: http://www.finextra.com/community/Fullblog.aspx?id=4170
First billion passed: http://www.finextra.com/community/Fullblog.aspx?id=4185
Half baked efforts: http://www.finextra.com/community/Fullblog.aspx?id=2940

On e-id service:

e-id service making great progress: 4711 + 18 http://www.finextra.com/community/fullblog.aspx?id=2820

Miserable public isolation: 1916 + 37!http://www.finextra.com/community/Fullblog.aspx?id=4415

e-id and e-payment progress in 2009 - Finland: 1688 + 23 http://www.finextra.com/community/Fullblog.aspx?id=4033

On innovations:

I cannot see around the corner: 3207 + 18 http://www.finextra.com/community/fullblog.aspx?id=3658
If you do not know where you are going - any road will do: 3032 + 22 http://www.finextra.com/community/Fullblog.aspx?id=3664
Where do innovations come from: 2536 + 21 http://www.finextra.com/community/Fullblog.aspx?id=3951
There are no corporate customers: 1777 + 25 http://www.finextra.com/community/Fullblog.aspx?id=2867
Innovations do not come from outer space: 1728 + 23 http://www.finextra.com/community/Fullblog.aspx?id=3728
If you want to go fast - go alone - if far - go together: 1721 + 31! http://www.finextra.com/community/Fullblog.aspx?id=4019
Which innovations will drive growth in Payments business: http://www.finextra.com/community/Fullblog.aspx?id=4109
Socio-technical landscape: http://www.finextra.com/community/Fullblog.aspx?id=3199
Addictive e-experience: http://www.finextra.com/community/Fullblog.aspx?id=4355
Game-changing Innovation: http://www.finextra.com/community/Fullblog.aspx?id=2997
Innovator's new dilemma: http://www.finextra.com/community/Fullblog.aspx?id=2747

On cash:

Demise of cash: 2327 + 48!!http://www.finextra.com/community/Fullblog.aspx?id=4800
Cash for crime: http://www.finextra.com/community/Fullblog.aspx?id=3399
Cash is expensive - also for the environment: http://www.finextra.com/community/Fullblog.aspx?id=2261

On blogging:

Blogs and blogs: 2195 + 24 http://www.finextra.com/community/Fullblog.aspx?id=3676
A quarter of a million page views: http://www.finextra.com/community/Fullblog.aspx?id=4721

Conclusions to draw? Is it the topic, the headline, the newness or something else that leads to page views? Are you rereading or first time checking in? Probably a mixture. Hope you find both the document and the opinion repository aspects useful.

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Bo Harald

What did I write?

Bo Harald — Wed, 05 Jan 2011 07:07:28 GMT

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://www.finextra.com/community/Fullblog.aspx?id=3689
Now we have two legs - where is the body?: http://www.finextra.com/community/Fullblog.aspx?id=4021
No commercial constellation will create this Single Market milestone: http://www.finextra.com/community/Fullblog.aspx?id=4022
It is our money: http://www.finextra.com/community/Fullblog.aspx?id=4684
Dream scenario for VAT auditing: http://www.finextra.com/community/Fullblog.aspx?id=3156
118,8 bn € lost in 2009: http://www.finextra.com/community/Fullblog.aspx?id=4774
Liberating the power of SMEs: http://www.finextra.com/community/Fullblog.aspx?id=3519
EU Commission request delivered: http://www.finextra.com/community/Fullblog.aspx?id=4790

On e-banking

e-banking in the old days: http://www.finextra.com/community/Fullblog.aspx?id=3357
Avoid Ice Ages: http://www.finextra.com/community/Fullblog.aspx?id=3418
E-banking STILL growing strongly in Finland: http://www.finextra.com/community/Fullblog.aspx?id=4038
Pyramid upside down - finally: http://www.finextra.com/community/Fullblog.aspx?id=3705
Have banks given up?: http://www.finextra.com/community/Fullblog.aspx?id=3803
Banks - time to deliver new customer value: http://www.finextra.com/community/Fullblog.aspx?id=2540
Standard feature in any e-bank: http://www.finextra.com/community/Fullblog.aspx?id=2620

On e-invoicing:

Think small: http://www.finextra.com/community/Fullblog.aspx?id=2813
966 billion reasons for split payment VAT: http://www.finextra.com/community/fullblog.aspx?id=4775
Final report - roadmap to paradigmatic platform: http://www.finextra.com/community/Fullblog.aspx?id=3625
Republic of Finland - exemplary action: http://www.finextra.com/community/Fullblog.aspx?id=3651
Happy end for SME-tale in sight - if banks do their part: http://www.finextra.com/community/Fullblog.aspx?id=3650
54 billion reasons in Germany: http://www.finextra.com/community/Fullblog.aspx?id=3150
All of Europe moving to equal treatment: http://www.finextra.com/community/Fullblog.aspx?id=3950
Nobody promised you a rose garden: http://www.finextra.com/community/Fullblog.aspx?id=4488
Letter to Santa Claus: http://www.finextra.com/community/Fullblog.aspx?id=2297
Expectation surge from corporate customers: http://www.finextra.com/community/Fullblog.aspx?id=4093
3-corner model - a problem on our hands: http://www.finextra.com/community/Fullblog.aspx?id=4260
Germany to simplify e-invoicing: http://www.finextra.com/community/Fullblog.aspx?id=4664
Paper invoices have NO future: http://www.finextra.com/community/Fullblog.aspx?id=3490
The end of the beginning: http://www.finextra.com/community/Fullblog.aspx?id=4050
Excellent paper from the EU Commission: http://www.finextra.com/community/Fullblog.aspx?id=4776
From sending e-invoice to receiving payment - less than 30 minutes: http://www.finextra.com/community/Fullblog.aspx?id=4660
Will banks do their part: http://www.finextra.com/community/Fullblog.aspx?id=4638
If I would be a banker: http://www.finextra.com/community/Fullblog.aspx?id=4170
First billion passed: http://www.finextra.com/community/Fullblog.aspx?id=4185
Half baked efforts: http://www.finextra.com/community/Fullblog.aspx?id=2940

On e-id service:

e-id service making great progress: http://www.finextra.com/community/fullblog.aspx?id=2820

Miserable public isolation: http://www.finextra.com/community/Fullblog.aspx?id=4415

e-id and e-payment progress in 2009 - Finland: http://www.finextra.com/community/Fullblog.aspx?id=4033

On innovations:

I cannot see around the corner: http://www.finextra.com/community/fullblog.aspx?id=3658
If you do not know where you are going - any road will do: http://www.finextra.com/community/Fullblog.aspx?id=3664
Where do innovations come from: http://www.finextra.com/community/Fullblog.aspx?id=3951
There are no corporate customers: http://www.finextra.com/community/Fullblog.aspx?id=2867
Innovations do not come from outer space: http://www.finextra.com/community/Fullblog.aspx?id=3728
If you want to go fast - go alone - if far - go together: http://www.finextra.com/community/Fullblog.aspx?id=4019
Which innovations will drive growth in Payments business: http://www.finextra.com/community/Fullblog.aspx?id=4109
Socio-technical landscape: http://www.finextra.com/community/Fullblog.aspx?id=3199
Addictive e-experience: http://www.finextra.com/community/Fullblog.aspx?id=4355
Game-changing Innovation: http://www.finextra.com/community/Fullblog.aspx?id=2997
Innovator's new dilemma: http://www.finextra.com/community/Fullblog.aspx?id=2747

On cash:

Demise of cash: http://www.finextra.com/community/Fullblog.aspx?id=4800
Cash for crime: http://www.finextra.com/community/Fullblog.aspx?id=3399
Cash is expensive - also for the environment: http://www.finextra.com/community/Fullblog.aspx?id=2261

On blogging:

Blogs and blogs: http://www.finextra.com/community/Fullblog.aspx?id=3676
A quarter of a million page views: http://www.finextra.com/community/Fullblog.aspx?id=4721

Sunday morning pastime mostly. Thank you for reading. All the best for 2011.

Research paper about e-invoicing in SMEs will be presented in HCI International 2011 conference

Lasse Lumiaho — Sun, 19 Dec 2010 11:55:54 GMT

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

Ideas for Case Tampere

Chang Ma — Thu, 14 Oct 2010 17:09:01 GMT

Post by Do Thi Thanh Ha (K238924) Chang Ma (K240349) and Daniel Njuguna (K87765)

Tampere city can get help from third-party E-invoice providers who will help in training, and benefit from new customers e.g. banks. & Get more senior level managers involved to increase communication importance

Show benefits to all parties;

Suppliers

Receive faster payment on goods delivered
Improve stock turnover money received can be used to get other stock.
Through an automatic invoice system, Tampere can also use that same system to advertise future stock expectations, and help suppliers get ready for that demand faster.

Customers

Reduced cost of receiving e-invoice as opposed to Paper-invoice.
Convinced on the legal viability of such an electronic document as same to the paper one or even better.
Customers get paid earlier

Use free technologies

· Simpler interface is beneficial.

· Using the cloud computing. has less costs, and utilises available computers and Internet connections,

· Free software (freeware) e.g. Google goggles, is an application that can detect written characters and convert them to written text without scanning procedures

e-Invoicing Improvement Strategy

Elisa KotamÃ€ki — Thu, 14 Oct 2010 08:22:20 GMT

Improving implementing and attitude towards e-invoicing

Assign executive owner
Calculate € benefit per e-invoice for city of Tampere based on operational statistics
Make calculations and assumptions available in the city of Tampere internal communication material
Include industrial statistics stating vendor benefits
Make e-invoicing tutorial and FAQ available on Tampere web site
Arrange series of conference calls with slides web cast to vendors

Turn focus from city units to vendors by finding priority 1 vendors, brief them about the concept and use persuasive marketing efforts

Establishing a change project (focused marketing comms)
Financing activities with savings
Consider external project manager for neutrality and impact

By Kulokoski, Lehtomäki and Kotamäki

E-invoicing problems at the city of Tampere

Toni Pallaspuro — Tue, 12 Oct 2010 15:39:19 GMT

by: Toni Pallaspuro & Tuomas Heikkilä

What can be done by the city of Tampere to further promote electronic invoicing?

Below is a summary of some ideas for the city of Tampere and especially for the Financial Shared Services Center to help in increasing the percentage of electronic invoicing among suppliers and within the city units.

1. Reallocate and free up resources by managerial decisions

Lack of resources was one major problem mentioned in the presentation by Nina Suni, Service Manager in the Financial Shared Services Center. There are several possibilities in increasing resources or freeing them up to help realise a project or change process. Please find below some relevant ones for the city of Tampere.

1.1. Find a top management sponsor

Every major change process/project should have a sponsor in the very top management. This sponsor should be enthusiastic in seeing the project through.

1.2. Make use of time savings from increased number of e-invoices

It was also mentioned in the presentation that the city of Tampere does not lay off people based on the decreased workload as a result of having over half of the suppliers using e-invoicing. If moving quickly to e-invoicing is seen as a strategically important step for the city of Tampere, some of these people should be kept in their current positions and help promote the benefits of e-invoicing.

As the Service Manager of the Financial Shared Services Center, Nina Suni, should not be the only person actively promoting e-invoicing. By a managerial decision, one person or several should be harnessed to do the day-to-day work of promoting e-invoices within the city, answering questions, giving presentations, meeting with the relevant persons to get things moving ahead etc.

1.3. Demand internal e-invoicing

Internal invoicing within the city of Tampere between the different units was also mentioned to be a problem. If Tampere is forcing its suppliers to use e-invoicing, the same should be demanded from its own units.

1.4. Centralise all invoice handling

An even more centralised way of billing should be introduced at the city of Tampere as it seems that city units still have a very active role in invoicing.

1.5. Take into account the possible effects of public restructuring

Although, reducing the number of people is not yet an issue at the city of Tampere, actions in the public (governmental) level will most likely affect also cities in the future. This mentality and direction should be considered also by the city of Tampere when planning its new processes and functions. Therefore, outsourcing paper invoice handling and possibly other parts of invoice processing should be carefully considered. For example, the e-invoicing operator might be able to offer this type of a service.

2. Design a simple process for e-invoicing

As many of the suppliers for the city of Tampere are small or medium sized entrepreneurs, most of them most likely do not know what electronic invoicing means in practise. There are so many possibilities in organizing electronic invoicing (see exhibit 1) that the city of Tampere should decide which option(s) to use. Tampere should choose one option (or only a few) to receive and send electronic invoices and build its system integration around it.

Electronic invoicing for smaller suppliers could be handled through web banks. As a large portion of the suppliers for the city of Tampere are small and medium sized companies, co-operation with banks to promote e-invoicing could be a strategically wise move.

3. Offer support and clear information to suppliers on e-invoicing

The city of Tampere should offer understandable information of the steps needed for a supplier in adopting electronic invoicing, the costs involved, and most importantly, the benefits in doing so. The information should be gathered in one brochure/leaflet that could be distributed to the internal customers (Tampere city units) and the external suppliers.

4. Evaluate contracts and do not overlook legal aspects

The city of Tampere has decided to accept only electronic invoices as of 1 January 2011. Before this decision is applied in practice, the risks involved should be carefully considered and at least have all the above mentioned things done beforehand.

4.1. Take into account public procurement requirements

Because Tampere is a public corporation (municipality), public procurement guidelines need to be followed in tendering and contract negotiations.

4.2. Go through current contracts to find possibilities for boosting e-invoicing

The city of Tampere should increase co-operation between the Financial Shared Services Center and the unit(s) responsible for public tendering and/or contract administration. By doing this, the need for e-invoicing could be taken into account with new contracting parties.

The fixed-time contracts with suppliers do not pose a major problem. When these contracts expire, new contracts will need to be made either following Tampere's own procurement guidelines or the public procurement legislation, and e-invoicing can be factored into the new contracts. Should there still be some instances where e-invoicing cannot be used, charging a price for handling paper invoices could be considered.

Continuous contracts need to be evaluated based on their importance and size, and whether they can be replaced. Then a detailed plan and timetable on how these contracts could be terminated and replaced by new ones should be made.

5. Increase co-operation between cities in marketing e-invoices

The city of Tampere should consider joining forces with other major cities that have already adopted e-invoicing as their sole invoice channel. Also, those cities that are considering doing the same should be invited to tackle the issue together. Combined marketing and PR-campaigns could be targeted to those suppliers that provide products and/or services to several cities.

6. Allow e-invoice attachments

Attachments can be a meaningful and important way for a company to communicate. This type of work should not be banned. Instead, the city of Tampere could find ways for suppliers to send invoice attachments to them.

The suppliers could have a possibility to add the e-invoice attachments directly onto an extranet, common website, or joined server. Also, the suppliers' e-invoices could contain a link to a website where they would store their own attachments. This way it would be very ease for the relevant people at the city of Tampere to view them.

Some of the larger operators can also currently handle attachments with e-invoices, so the issue should be raised with the current operator to see if the current process could be developed further.

Should there still be a major reason for wanting to decrease the number of e-invoice attachments, the city of Tampere (along with other cities) could include this aspect on their joint marketing and PR-campaigns and promote e-invoicing.

A Digital Single Market. Why? How?

Bo Harald — Sat, 09 Oct 2010 06:39:22 GMT

DG Infosoc is gearing up activities under the Digital Single Market headline. When this is being rolled out it is important to ask the question: Why?

The obvious answers are that large scale x-sector digitalization is:

1. making enterprises more competitive as (i) they become more cost-efficient, (ii) serve their customer better (digitally), (iii) suffer less from tax-burden (as the public sectors become more productive), (iv) can move scarce workforce from administrative tasks to service, development (v) reduces stress by simplifying and automating reporting and sales and (vi) pay less for CO2 emissions

2. helping public sectors to (i) cut cost, (ii) serve better, (iii) collect VAT and other taxes evenly, (iv) emit less CO2 and (v) promote life-long learning by doing and thus much needed mobility in the workforce.

3. finding the solution to funding welfare services in face of radically declining population in working age (with less inclination to work hard) and radically growing old age population

4. helping citizens (in private, employee and entrepreneur roles) to save time, money and the environment by letting them use the same and always when possible already familiar ready tools for the same purposes x-services (example bank-eID) and for different purposes (example payment tools for invoicing)

Then to HOW?

DG Enterprise, DG Markt and DG Taxud have been promoting productivity and just tax collection by driving electronic invoicing as a cost saver, fundament for automating administrative processes at large, driver for SEPA and mega class booster for the Single Market.

It would be a major case of inter-organizational disconnect if a Digital Single Market would focus on e-commerce without including the payment aspect of e-commerce properly. If that would happen the headline should be something more sectoral - like Digital Single Market/Telecommunication or so... but as productivity must come first and the full picture must include it this should not be the outcome.

What we need now is more than:

"Page 10:

In the digital agenda communication:

Europe has a common currency but the market for electronic payments and
eInvoicing is still fragmented along national borders. Only in an integrated payment
market will it be possible for enterprises and consumers to rely on safe and efficient
payment methods. This is why the Single Euro Payment Area (SEPA) should be
completed without delay. SEPA will also provide a launch platform for value added
services linked to payments, such as the development of a European eInvoicing
framework. "

in addition a very concrete and bold productivity&single market program - focusing strongly on less than 5 major targets. Otherwise this will be just another lofty heap of paper.

Leading analyst selects Maventa as Cool Vendor 2010

Kim Forsman — Wed, 02 Jun 2010 10:31:51 GMT

Maventa, one of the fastest growing electronic invoicing service providers in the world, today announced that leading analyst firm Gartner has named Maventa as a Cool Vendor in their newly released report on Multi-enterprise B2B.

Vendors selected for the Cool Vendor report are “innovative, impactful and intriguing”

Maventa’s award winning Software-as-a-Service solution makes electronic invoicing simple, cost-efficient and immediately available without upfront investments or process changes. Maventa offers all the benefits of high-end e-invoicing platforms purely on transaction based pricing without any fixed costs or minimum term periods. Besides the superior technology, Maventa’s intra-network transactions are completely free of charge – which has further pushed forward Maventa’s viral growth.

Gartner’s 2010 Cool Vendors in Multienterprise B2B, listing focuses on “as the notion that electronic transactions enable efficiency and save money becomes widespread, and B2B projects proliferate, some nascent vendors are offering interesting, low-cost-of-entry opportunities, especially for small and midsize businesses, for reducing the costs of electronic trading”

“We are delighted by Gartner’s recognition as a ‘Cool Vendor’ and view it as an important validation of Maventa’s position as a leading electronic invoicing platform,” said Kim Forsman, founder and CEO of Maventa. “Our customer growth rate of 40% month-on-month along with the fact that 97% of our customers are new to electronic invoicing demonstrates that not only have we created truly innovative technology, but something that is impacting how the electronic invoicing market shapes in 13 countries where we have customers”.

Maventa’s technology is instantly available and can be adopted within a company in a matter of minutes from the implementation decision, instead of typical electronic invoicing implementation projects, which may drag on for months. The key to our fast deployment is that the customer doesn’t need to change any of their processes or systems in order to deliver or receive electronic invoices. Maventa is offering its services daily to customers in over 13 different countries, including UK, India, Poland, Germany, Sweden, Turkey, The Netherlands, Italy and Spain among others.

For more information about Maventa, please visit maventa.com.

About Gartner's Cool Vendors Selection Process

Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.

Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

1 - Gartner Cool Vendors in Multienterprise B2B, 2010, by Paolo Malinverno Benoit J. Lheureux on 12 April 2010.

About Maventa

Maventa is an innovative provider of electronic invoice services. Its award winning software-as-a-service solution makes electronic invoicing simple, cost-efficient and immediately available without upfront investments or process changes. Maventa was founded in 2007 and is one of the fastest growing providers of e-invoice services with +3000 customers in 13 countries. Maventa has offices in Helsinki, Tallinn and Amersfoort. www.maventa.com

Nokia and NSN set the deadline for paper invoices

Tuija LompolojÃ€rvi — Tue, 01 Jun 2010 19:10:28 GMT

Nokia and Nokia Siemens Networks will only accept e-invoices starting from 1 July 2010!

See the list of progressive organisations here:
http://realtimeeconomy.net/wiki/show/1/Progressive_organisations