What is this standard about?
This standard is the fourth part of a European series establishing the essential information elements needed for an electronic invoice to ensure legal (including fiscal) compliance. It provides guidelines on the interoperability of electronic invoices at the transmission level, for cross-border, cross-sector and domestic trade.
Who is this standard for?
- Finance and IT departments in the private and public sector
- Procurement industry
- Legal and compliance industry
- Trade officials
Why should you use this standard?
The adoption of e-invoicing is bringing significant economic benefits. According to The European Commission the move from paper to e-invoices is expected to generate savings of €240bn over a six-year period and will become the predominant method of invoicing in Europe by 2020.
This part of the standard provides guidelines on the interoperability of electronic invoices at the transmission level, taking into account the need to ensure the authenticity and integrity of invoice content. The guidelines cover interoperability at the transmission level for invoices based on the core invoice model and its syntax representations to and from the involved trading and supporting parties. They may also be applied to the transmission of other invoice and document formats.