Category: Digital finance

Although e-invoicing offers huge potential for improving financial management and business efficiency, this is still largely untapped. The full potential of e-invoicing will only be achieved when all invoices are sent electronically, enabling financial automation, real-time reporting and new business opportunities.

The combination of e-invoicing and AI brings huge benefits for financial management, but to make the most of it, invoicing must be fully digital. Taika Group and Verdis have joined forces to use artificial intelligence in e-invoicing. The benefits have been highly encouraging. The partnership shows why 100% take-up of e-invoicing is important.

If data can be transported in an agreed format, digital product passports will revolutionise the circular economy. What does the Peppol messaging service offer? Would organisations benefit if the information in digital product passports was sent with Peppol messages?

The Digital Product Passport is a key technology for the EU to make sustainable development and the circular economy a daily reality for individuals and businesses. The Digital Product Passport provides a comprehensive view of the environmental impact of a product throughout its life cycle, making responsible consumption easier. It will not only accelerate the EU’s green transition but also create new business opportunities and help make sustainably operating companies more competitive.

Raising e-invoicing to 100% in Finland by 2030 is an ambitious target we are trying to reach with the E-invoicing 2030 roadmap. The roadmap focuses on the promotion of e-invoices under the European standard, with concrete steps to reaching the target. The E-invoicing Forum has investigated why all companies are not yet using e-invoices compliant with the European standard. The results indicate there are some key problems that must be solved, and these are what the roadmap focuses on.

A survey by the Finnish Information Society Development Centre (TIEKE) shows that opportunities that blockchain technology offers are not yet widely recognised. Blockchain may offer significant benefits for certain applications. An example of this are blockchain-enabled digital product passports. They can help sharing product information between producers, consumers, recyclers and regulatory bodies more effectively.

Read how eInvoice contents are verified using the Schematron validation.