🎙️ Our last podcast episode of this year dives into the real-time economy, reducing administrative burdens and enabling faster business transactions, and explores the global impact of the e-Residency program. Petra Holm, Johanna-Kadri Kuusk and Sirli Heinsoo discuss Estonia’s efforts to simplify bureaucracy and support businesses, and e-Residents Alistair Starling, Natalia Storozhuk, and Alexander Storozhuk share their experiences building businesses in Estonia. 🎧︎ Listen to the episode and enjoy a digital detox from bureaucracy! https://lnkd.in/d7Hyh-TZ #eEstonia #eResidency #RealtimeEconomy #businessenvironment
Digital Transformation Adviser at e-Estonia
1dEstonia is revolutionizing how businesses report data by aiming to eliminate manual reporting altogether. With over 400 reports and 60,000 data fields currently required, entrepreneurs lose 14 million working hours annually. By switching to e-invoices and forwarding data directly from ERPs, reporting could become a thing of the past. For micro-enterprises—94% of Estonian businesses—this shift could save €65M annually on bookkeeping and €100M for taxpayers, unleashing resources to fuel innovation and growth.