Participants of the Business Payments Coalition E-invoice Exchange Market Pilot recently established the Digital Business Networks Alliance (DBNAlliance). The new structure endeavours to facilitate the efficient exchange of Business-to-Business documents, eliminating the obstacles and inefficiencies that businesses are experiencing with traditional invoicing methods.

The DBNAAlliance will oversee a new electronic exchange network that employs a four-corner model. In practice, this is where e-documents are sent and received through an access point or service provider that connects companies to the network. DBNAlliance will play a critical role by assisting access points in connecting to the exchange framework and has responsibility for the definition of electronic delivery standards, policies, rules, and guidelines. The exchange framework contains four types of participants as part of the four-corner network: the supplier, two access points otherwise known as service providers, and the buyer.

More information can be accessed via the following link: https://dbnalliancedev.wpenginepowered.com/