EDIFACT INVOIC
What is an EDI INVOIC Specification?
The EDI INVOIC is a message that requests payment for goods/services supplied under conditions where the two parties (seller & buyer) agree with each other. EDI INVOIC is an EDIFACT message (EDIFACT is the international, non-U.S. default EDI standard).
How is INVOIC Used?
The Invoice message (INVOIC) is used in Electronic Data Interchange (EDI) between trading partners involved in administration, commerce and transport. EDI INVOIC may be also applied for both national and international trade. It is based on universal commercial practice and it doesn't depend on a specific type of business or industry. The INVOIC is sent by vendors to request payment from their purchasers in exchange for goods supplied.
The United Nations Standard Invoice Message also serves as the specification for Debit Note and Credit Note messages.
EDI INVOIC Benefits
There are benefits for both the purchaser and the supplier when it comes to implementing EDI INVOIC. These benefits include:
- Time saved on manual invoice submission (supplier) and order data entry (buyer)
- Reliable automation, avoiding data-entry errors connected with manual processes
- Much faster timelines to complete purchase transactions
- Verification against shipments to confirm correct invoice amounts
- Faster payment due to quicker agreement on invoices
Key Data Elements You'll Find in an EDI INVOIC Specification :
- PO number
- Item price
- Invoice number
- Invoice date
- Product/service identifiers: UPC/EAN/GTIN, followed by their respective quantities
Additional Data Also Included in the INVOIC Specification:
- Service levels & carrier
- Shipping information
- Charges
- Invoice terms
- Ship & remit to locations
- Buyer item number & vendor part number
- Taxes
ArcESB - Easy EDIFACT INVOIC Mapping & Translation
ArcESB is a modern, end-to-end EDI solution complete with EDI mapping & translation, secure file exchange with EDI partners, and automated EDI-backend integration. ArcESB can translate any EDI document into XML, Excel, CSV and any other major business format. With built-in EDI document transformation flows, you can easily & automatically transform EDI documents at the click of a button.