- reflections on real-time issues
Real-Time Economy (RTE) Programme aims at promoting new technologies that enable a more real-time economy, processes, and services. It is founded in collaboration with Tieto and Helsinki School of Economics (HSE) and it is partly funded by the Finnish Funding Agency for Technology and Innovation (TEKES). The first project of the program was Full SEPA (20.10.2006-31.3.2008) which focused on payments and e-invoicing, the second was Full Value Chain (1.1.-31.12.2008) which broadened the focus to other value chain processes. The third project is Fully Integrated Accounting (FIA) (1.1.2009-30.6.2010) which will focus on e-accounting, e-archiving and e-auditing.
FIA project aims to examine, develop and promote e-accounting on national and international level. It is a joint project between Tieto and Aditro and the research is coordinated by HSE. Other key partners are e.g. the Association of Finnish Accounting Firms, Dimes Association and other SMEs.
FIA project focuses in particular on developing electronic financial management processes, taking into account the demands created by archiving, auditing and taxation. One of the project’s concrete objectives is to model a new set of reporting codes, with the starting point being the vision of integrated financial management for the future. Other aim is to model e-reference mark.
At the Helsinki School of Economics, the Real-Time Economy competence center conducts research related to the implementation of information technology that aims at real-time business processes. In the first stage of our project, we focus on electronic invoicing. Recently, we have interviewed companies and organizations that have adopted electronic invoicing. These organizations have already obtained considerable savings from e-invoicing. In our project, based on the interview data, we examine, e.g., what are the critical success factors in the adoption process, what are the effects of electronic invoicing on buyer-seller relationships, and what are the realized savings from the adoption of electronic invoicing practices.
List of current research in the HSE RTE Competence Center can be found here.
