1. TALTIO – Finland’s broadest and most influential digitalization program
Vuokko Mäkinen,
Hawcon Oy
Chairman,
Association of Finnish Accounting Firms

2. TALTIO GOALS
To eliminate the use of paper and PDFs in financial information
To create a standard for structured financial data to enable the use of detailed data extensively in different systems 2

3. TALTIO ACTIONS Create a standard for structured financial data
Use the standard in exchanging financial data between applications and systems
Define eReceipt – infrastructure for structured receipt data
Improve the possibilities in using the eInvoice
Create data storages for standard and structured financial information
Enable accounting firms to develop new services and possibilities to support their customers
TALTIO standard – XBRL GL 3

5. Structured data = buyer’s benefit
TIME €
Seller
Data entering
Scan
Robotics
Outsourcing
Buyer
Paper
PDF
Sales invoice/receipt
Purchase €
eInvoice
eReceipt
Sales invoice/receipt
Purchase
eInvoice row details
eReceipt row details

6. TALTIO impacts
TALTIO is the most extensive digitalization program in Finland:
Concerns all the companies and all the consumers.
1.4 billion card payments/year in Finland (2015) (paper receipts)
0.28 billion eInvoices/year in Finland (with a huge growing potential)
TALTIO’s key objective is to enhance the use of structured data 6

7. TALTIO benefits
Companies will save 800 M euros by structured eReceipts in Finland
The purchase information on invoices and receipts can be used more efficiently by row details
Creates opportunities for better financial management for companies and consumers.
TALTIO based information is real-time. 7

8. From cost savings to new innovations 2016 - 202x
More personalized services
Platform economy innovations
New innovations
Real-time interaction with officials and public officers
Combining the information of several data banks
Better information use x
Cost savings
Eliminating manual work
Point-to-Poin Integrations less needed
Automatized mandatory reporting
Solutions based on standards lower costs

9. TALTIO vision Companies’ finance is in better state
Finland is the leading country in financial administration services 9

10. Thank you