06.27.23

The United States of America may appear to have a muted involvement in the e-invoicing circuit when compared to its European counterparts, but recent developments indicate that this is set to change.  

The Business Payments Coalition (BPC) E-invoice Exchange Market Pilot has created a new entity, the Digital Business Networks Alliance (DBNAlliance), which is intended to provide support for B2B payments. This new legal entity holds an overseeing role for the electronic exchange framework. The network intends to provide businesses with a solution for the invoice exchange and to transfer e-documents securely. To aid businesses, they have set out e-invoicing standards and policies to safely exchange e-invoices in the B2B framework. Currently, there are no strict compliance obligations with regards to mandatory invoice content in the US, and so the DBNA is, in many respects, viewed as progressive body which aims to re-define the direction of e-invoicing in the US and align it with many of its global counterparts.   

 The BPC will focus on the improvement of the B2B payments and their modernization and will launch the E-remittance Exchange Pilot in the near future, together with the Federal Reserve to help foster further growth of e-invoicing in the country.  

 Kofax is pleased to confirm that it is on the interim board of the DBNA, staying very close to e-invoicing developments as they advance in the US, with a view to also considering how this can benefit our US market.