- The Digital Business Networks Alliance (DBNAlliance) has been launched to improve business-to-business (B2B) payments in Canada and the USA. The Alliance aims to overcome the inefficiencies of B2B payments by promoting the use of electronic invoices. Electronic invoicing reduces invoice errors, improves traceability, and creates faster payments.
- The DBNAlliance will operate a framework based on non-proprietary standards and policies, with an interoperable nature to ensure accessibility by all US and Canadian businesses through accredited interoperable Access Points.
- The Alliance includes e-invoicing service providers, banks, B2B networks, and payment service providers. The DBNAlliance’s framework is already live, and there are no plans to introduce mandatory processes.
Source Unifiedpost
