The Business Payments Coalition along with the Federal Reserve is developing a pilot project with the objective of establishing a standardized B2B electronic invoice exchange system in the United States. The initiative seeks to establish a standardized e-invoice model and create an electronic document exchange network, very similar to the PEPPOL system developed in Europe.
The pilot will run through the end of 2022 with the goal of establishing an operational B2B invoice exchange framework for the U.S. market by 2023. More than 80 organizations are participating in the pilot.
The US network will provide an electronic document exchange infrastructure to facilitate and promote trade both domestically and internationally, enabling efficient processing across all sectors.
Source Edicom
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