Groundbreaking initiative introduced by the U.S. Open Exchange Network (DBNAlliance) regarding standardized company identifiers per country:
- Global Business Identifiers:
- The DBNAlliance has implemented standardized company identifiers for businesses worldwide.
- These identifiers enable seamless e-invoice exchange when companies connect to a DBNAlliance access point.
- Regardless of location, this development benefits companies with U.S. customers, suppliers, or subsidiaries.
- Purpose of Business Identifiers:
- Business identifiers serve as unique markers, ensuring clear identification during business interactions.
- They distinguish legal entities from one another, enhancing transparency and accuracy.
- Issuance and Verification:
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- The DBNAlliance relies on specialized agencies to issue and verify these identifiers.
- Authenticity and uniqueness are guaranteed, promoting efficient global business exchanges.
Source Storecove
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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