The Invoice Business Network (IBN) is an official business definition that refers to a platform of interconnected businesses that are connected by the exchange of invoices. This network is designed to streamline the invoice process, from the creation of the invoice to its delivery, payment, and archiving. It enables businesses to securely and efficiently exchange invoices, eliminating the need for manual data entry and manual reconciliation. This network also allows businesses to quickly and easily manage their invoices, as well as track their payment status. Additionally, the IBN allows businesses to access a range of features, such as invoice analytics, to gain valuable insights into their invoicing processes. By utilizing the IBN, businesses can save time and money, while ensuring that their invoices are managed in a secure and efficient manner.
