Is SME-sector competitiveness important? If governments consider SME-sector competitiveness important they should do something about red tape and automation of administrative processes. The key to the latter is fast migration to structured e-invoicing - paving the way to automated accounting, real time payments, automated VAT-reporting, automated cash flow estimates, cost- efficient anti-grey economy measures etc.
As this should be a no-brainer, the next question is how to get there fast. Our experience:
1. Make sure that banks offer e-invoicing as part of e-banking and file transfer services. Only banks have the power to address the corporate mass market cost-efficiently all the way to secure payment automation and account statement based accounting.
2. Set deadlines for accepting paper and e-mailed PDF invoices
3. Implement cash based accounting as recommended in the VAT directive.