JD Edwards EnterpriseOne delivers the power of enterprise applications with specific, integrated functionality to support the financial and regulatory requirements for running your business globally.
Electronic invoicing (e-invoicing) is defined as the electronic exchange of structured invoice data between supplier and buyer without duplicate paper documents.
Business-to-Government (B2G) e-invoicing mandates have been introduced as a method to improve control on public acquisitions. As tax collection becomes one of the main accelerators for the digitalization of business documents, governments are progressively mandating Business-to-Business (B2B) e-invoicing.
To help to improve VAT collection, many countries have introduced, or plan to introduce, mandatory real-time clearance models (Continuous Transaction Controls – CTC) for B2B e-invoicing. These models enable tax administrations to collect financial data by approving invoices before sending them to the buyer.
There are several e-invoicing standards used across the world, for example: OASIS UBL 2.1 with its EU EN 16931 subset and further PEPPOL BIS 3 sub-specification, OAGIS, UN/CII, EDIFACT. To facilitate e-invoicing and CTC adoption, several countries have mandated the use of a single e-invoicing standard, the PEPPOL BIS. This includes 31 European countries, as well as Australia, Canada, New Zealand, Singapore, and South Africa.
A key element of the PEPPOL Network is the use of approved service providers (PEPPOL Access Point) to manage the exchange of documents within the network (a 4-corner model). The PEPPOL Service Provider can be a PEPPOL certified third-party service provider, or in some cases country government agencies have taken on this role themselves.
The European Union (EU) mandates the use of B2G/B2B e-invoicing, based on a schema containing 160 data elements. Within the boundaries of this schema (EN 16931), EU member states may define their country-specific versions (CIUS). The EN 16931 schema is a subset of UBL 2.1. Oracle JD Edwards EnterpriseOne provides a generic EU e-invoice solution, available in Release 9.2.
Review the following resources for details about the solution: