Monday, December 12, 2011

For a more competitive Europe–big picture

From time to time it is necessary to look at the big picture. What do we need for a more competitive Europe? Innovative and determined actions in many areas – like:

 

1. More competitive enterprises – innovative and productive. 85% of growth comes from product and service innovation – so this must have the highest attention.

2. More competitive public sectors – lower cost, lower tax pressure and less red tape.

3. A Single market – true harmonization makes the market bigger.

4. A mobile, educated, flexible, and motivated workforce – less routine work and more value creation (driven by rapidly retiring population).

5. Better rule of law – less fraud and tax evasion.

6. Lower CO2 emissions – less material, transport, travel and work that can be automated.

Detailing – what and how?

1. More competitive enterprises. How?

1.1. Innovative products and services

1.2. Innovative selling and service processes – mostly (but not only)  a question of digitalization

1.3. Better productivity – cutting administrative costs in half (including DG Enterprise 25% from red tape)

1.4. Lower risks

1.5. Lower financing costs and better return on liquidity

 

2. More competitive public sectors. How?

2.1. Lower administrative burden by 25% (DG enterprise red tape initiative)

2.2. Accept and send only structured electronic invoices – supporting interoperable global standards (ISO20022 family)

2.3. Adopt unified reporting codes for all tax, statistics, financing, sustainability and HR-reporting

2.4. Outsource and privatize routines – free up resources for guiding and supervising

 

3. More of a Single Market. How?

Examples from digitalization area:

3.1. Implement VAT-directive for simplified and equal treatment of e-invoices

3.2. Use global standards family (ISO20022) for e-procurement, e-invoicing, SEPA-payments, payment references, account statements, finance requests, reverse factoring, e-id and VAT-reporting

3.3. Automate and harmonize VAT-reporting and collection (split payment model)

3.4. Harmonize VAT-exemptions and tax rates generally 

3.5. Harmonize patenting

3.6. Use federated model for strong e-id (reuse e-bank codes) with ISO20022 e-id message standard

 

4. A mobile, educated, flexible, and motivated workforce. How?

Examples from digitalization area:

4.1. Liberate workforce by automating administration

4.2. Automate sales processes

 

5. Better rule of law. How?

Examples from digitalization area:

5.1. Migrate to e-invoicing

5.2. Automate VAT-reporting and payments

5.3. Regulate away cash for business transactions

 

6. Lower CO2 emissions. How?

Examples from digitalization area:

6.1.  E-invoicing and digitalized business processes

6.2.  Business-process integrated sustainability-reporting

6.3. High carbon tax

 

The above is viewed from the digitalizing business process angle – please feel free to fill in missing ones – also from other areas. I will drill deeper in some of these in the next post.

5 comments:

Deltans For Change said...

Global standards already exist for e-invoicing and e-procurement from UN/CEFACT. The framework for these standards also exist from ISO (ISO 15000-5).

Why reinvent the wheel? Creating ISO 20022 standards for e-invoicing and e-procurement only reduces the time to achieve improvements. It also further confuses prospective implementers because there are already numerous standards that cover invoicing and procurement.

The ISO 20022 TC, ISO TC 154, and UN/CEFACT need to work together to create a harmonized framework. New silos are not beneficial.

Deltans For Change said...
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Deltans For Change said...
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Vision4Standards said...

Global standards already exist for e-invoicing and e-procurement from UN/CEFACT. The framework for these standards also exist from ISO (ISO 15000-5).

Why reinvent the wheel? Creating ISO 20022 standards for e-invoicing and e-procurement only reduces the time to achieve improvements. It also further confuses prospective implementers because there are already numerous standards that cover invoicing and procurement.

The ISO 20022 TC, ISO TC 154, and UN/CEFACT need to work together to create a harmonized framework. New silos are not beneficial.

BoHarald said...

Nobody is creating néw silos - on the contrary creating a payment chain integration - important for the SMEs - 65% of total enterprise turnover - all based on UNCEFACT content standard.

http://www.meebo.com/rooms