An invoicing process where supppliers and customers have one or several service providers that ensure the correct processing between them. This model originated in the banking sector.

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An invoicing process where invoice senders and receivers are connected directly for the sending and receiving of messages. See also bilateral exchange model.

An invoicing process where invoice senders and receivers are connected via a single service provider for the sending and receiving of messages.

The function that administers accounts with suppliers resulting from the receipt of goods and services.

The function that administers accounts with customers resulting from the delivery of goods and services.

The automated management of accounts payable administration by managing invoices received and payments sent. Accounts payable automation requires integration of the invoicing process with accounting s [..]

The automated management of accounts receivable administration by managing invoices sent and payments received. Accounts receivable automation requires integration of the invoicing process with accoun [..]