The Digital Business Networks Alliance reached an important milestone on March 5, 2024, when the first invoice was successfully transferred via the U.S. open exchange network. Facilitated by Avalara and Storecove, two certified DBNAlliance service providers, this achievement highlights the network’s effectiveness in facilitating smooth business transactions across…
4 posts tagged
DBNAlliance
Introducing Standardized Global Identifiers on the DBNAlliance Network
Last month, the U.S. Open Exchange Network (DBNAlliance) introduced a groundbreaking initiative: standardized company identifiers per country. With the implementation of these identifiers, companies across the globe now have the capability to send and receive e-invoices upon establishing connectivity to a DBNAlliance access point. This development is particularly valuable…
The Rise and Role of the Digital Business Network Alliance
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.…
Understanding US Invoice Requirements: A Comprehensive Guide
The US is steadily moving towards the digitization of invoicing. In 2015, the OMB mandated that all federal agencies issue e-invoices by the end of 2018. Now, the BPC has concluded a market pilot for B2B e-invoicing and has established an exchange network to facilitate the transfer of e-documents between…