In the future, the company’s entire life cycle (from the establishment of the company to its closure) could be digitalised.
Companies will receive a digital identity containing basic information about the company, such as its name, Business ID, domicile and language. Digital identity may also include the e-invoicing address and the details of the company’s representative. With digital identity, information can be transmitted digitally and in a secure manner between business partners and when companies are dealing with government agencies in Finland and internationally.
All trading documents (orders, invoices and receipts) are created in machine-readable format. As a result, there is less manual processing of documents, they are more reliable and contain fewer errors. Companies can transfer financial information and vouchers digitally between systems to different government agencies and partners via interfaces.
Companies’ bookkeeping is automatically created on the basis of digital trading documents. Financial administration information is available for business monitoring in real time.