- B2G E-Invoicing Mandate: Business-to-government (B2G) electronic invoicing has been mandatory in the US since late 2018, requiring invoices to include contract numbers and comply with the Federal Acquisition Regulation (FAR).
- B2B E-Invoicing Progress: While not mandatory, a successful pilot project launched in 2021 by the Business Payments Coalition (BPC) and the Federal Reserve has shown positive results, potentially paving the way for a future B2B e-invoicing mandate.
- Challenges and Solutions: Implementing B2B e-invoicing faces challenges such as state-specific regulations and integration with existing systems, but these can be overcome with advanced encryption, training, and support from access point providers.
Source Storecove
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