Electronic invoicing is being rapidly adopted as a safe, secure, and convenient method of exchanging B2B and B2C invoices globally. While the e-invoicing system is gaining traction in the United States, no country-wide standardized system existed before 2022.
However, things changed in the early summer of 2023. The Business Payments Coalition (BPC) E-invoice Exchange Market Pilot members with the Federal Reserve launched a standardized e-invoicing system nationwide.
The Digital Business Network Alliance (DBNAlliance), a collaborative effort of the BPC and the Federal Reserve Financial Services, is a market-ready exchange framework based on technical standards and policies to allow businesses to exchange electronic invoices and supply chain documents safely.
Source Storecove
