The Nordic countries are highly digitalised. Despite this, there is limited automation and re-use of data across the systems. Therefore, when companies report to the public or make there invoices, they often spend time on manual processes where data in one system is re-entered in another system.
A business case made by Ernst & Young in 2018 estimates the effects of sharing financial information in real time in B2B in the range of 250 to NOK 270 billion.
Together, the five business registries and several tax and statistical authorities in the Nordic countries have established the Nordic Smart Government and Business program and have set a roadmap to provide real-time business data for business-to-business and business-to-government.
