Electronic Invoices

Greater Interoperability Fosters Ubiquity

An electronic invoice (e-Invoice) is a necessary first step to achieving straight-through processing for business-to-business payment transactions. An e-invoice offers an opportunity to reduce manual effort for both buyers and suppliers—while supporting multinational compliance.

Using common standards and protocols in a federated network of access points, an e-Invoice exchange framework will create a scalable ecosystem that simplifies and reduces the cost of exchanging e-Invoices between disparate systems. This will enable broader connectivity for e-Invoice exchanges and adoption and move the industry towards a modern, more efficient payment system.

e-Invoice interoperability framework

What is an e-Invoice Exchange Framework?

An e-Invoice exchange framework is a set of policies, standards and guidelines that enable businesses to exchange documents and messages independent of the system or standards they use. Much like email, which achieved global interoperability by establishing format and delivery standards, the e-Invoice exchange framework will enable document delivery across an open network of providers.

Resources

e-Invoice Exchange Framework – Approach to Managing a Federated Registry Services Model in a Four-Corner Network (Off-site)

  • The Business Payments Coalition (BPC) completed an initial proof of concept of a federated registry services model for the U.S. e-Invoice exchange framework in Q1 2021. Read the report for more information on the approach, outcomes and recommendations.

Overview of an e-Invoice Interoperability Framework (Off-site)

  • Introduces the concept of an e-Invoice interoperability framework (e-Invoice exchange framework), as well as market challenges, the benefits of addressing them, and a path forward for the BPC’s work of assessing U.S. market needs.

e-Invoice Interoperability Framework – e-Delivery Network Feasibility Assessment Report (Off-site)

  • Provides business and technology stakeholders with an understanding of the high-level requirements and standards required to establish an open, federated network of access points for the U.S. market.

e-Invoice Interoperability Framework Assessment Report (Off-site)

  • Report of the findings of a preliminary e-Invoicing interoperability framework (e-Invoice exchange framework) assessment with an overview of the goals and approach used for the preliminary assessment along with key themes that emerged. The report includes recommendations and considerations for future Business Payments Coalition (Off-site) e-Invoicing efforts.

Additional Resources