eReceipts – an effective way to simplify and streamline your business

Technological advancement, connectivity, data, and markets are driving rapid changes in business operations. By adopting eReceipts, your business can quickly revolutionize and increase efficiency by achieving clear results in expense management and financial transactions.

Standardized formats and open networks considerably increase efficiency and empower your business to stay competitive in a rapidly evolving marketplace, says Jan Andre Maeroe, Project Manager for NSG&B 

Benefits of eReceipts for buyers

For buyers, eReceipts really simplify expense management. With the ability to find and connect receipts quickly, you can streamline the financial tracking, saving time and effort. 
This boosts productivity and enhances expense analysis, leading to better decision-making.

Moreover, eReceipts enhance trackability and provide accurate information, ensuring compliance with financial regulations and reporting requirements. They also allow businesses to generate reports more easily for authorities and thereby reduce their administrative costs, says Maeroe 

Sellers – minimize your costs and demonstrate eco-friendly practices

eReceipts reduce paper consumption, aligning them with sustainability goals and streamlining administrative processes.

As a seller you can minimize costs associated with paper receipt management and storage while promoting eco-friendly practices, says Maeroe 

- eReceipts also improve customer service by enabling quick retrieval of transaction details. They allow you to promptly assist customers with queries and requests, enhancing satisfaction and loyalty while reducing the risk of errors.
Information for analysing environmental impact The possibility to add environmental information to the receipt allows all parties to analyse the environmental footprint of an organisation. 

That’s highly valuable, and as a seller you also get a simplified auditing process through eReceipts. You provide easily accessible and verifiable transaction records, simplified reporting to authorities, and enhance your compliance to regulation, says Maeroe.

Abandon paper − switch to eReceipts

- If you want to simplify and streamline your business, my strongest recommendation is that you switch to eReceipts instead of paper receipts. Once you have done that, and obtained all the benefits that eReceipts provide, I can assure you that you will never want to go back to paper, says Maeroe.

eReceipts across the Nordic borders

There are currently no solutions on the market for handling e-receipts across the Nordic borders. 

However, together with private actors, we have tested the process through the Peppol Network and shown that it’s possible to make it work cross-border. So we’re confident that there will soon be smart solutions helping SMEs handling eReceipts across the Nordic region, concludes Jan Andre Maeroe

To digitize your process, you should: 

• Ensure your solution provider supports Peppol BIS standard format for transactions and facilitates national and cross-border communication via the Peppol network.
• If you need a solution, explore this list of capable solution providers for national and cross-border transactions: Sending e-documents across the Nordic borders
• As a supplier, it is vital to showcase your products and services, not only on your own web shop but also on your customers' platforms. Evaluate the capabilities of the solution and ask for assistance in utilizing Peppol BIS for order management and catalogue creation.
• If your solution provider is interested in implementing Peppol BIS, they can request information from your Peppol authority.