Business Payments Coalition

E-invoice Exchange Market Pilot

Expression of Interest Form

The Business Payments Coalition (BPC), with support from the Federal Reserve, is launching the E-invoice Exchange Market Pilot to build and test a virtual network that will enable businesses of all kinds to exchange e-invoices. With phase one of the pilot set to begin in July 2021, interested stakeholders are needed now to participate in a variety of activities that advance development, testing, pilot and oversight of the framework. Specifically, the BPC is recruiting for the following roles:

Access Point Implementers

Such as: (Not exhaustive list)

Organizations that provide accounts payable or accounts receivable services for corporates
Business-to-business network, billing solution or Enterprise Resource Planning (ERP) providers
Accounting software/platform providers

Who can contribute in the following ways: (Responsibilities could fall into one or more of the following tasks)

Develop and test open source tools to simplify service providers’ implementation of access points in the e-invoice exchange
Develop and test access points for e-invoice exchange within the pilot framework
Develop, test and provide registry services for e-invoice exchange within the pilot framework
Recruit customer participation for sending and receiving e-invoices in the market pilot

Corporate Participants

Send or receive invoices through their service providers via the exchange framework
Recruit service provider participation for sending and receiving e-invoices in the market pilot

Oversight Committee Members

Oversee and monitor recommended standards for the market pilot implementation of the e-invoice exchange framework

We are accepting expressions of interest from experienced industry leaders, qualified service providers and corporate participants through July 13, 2021. If you are unable to meet the deadline of July 13, but want to express interest, please contact business.payments.smb@mpls.frb.org.

As pilot participants may contribute to multiple roles, respondents are encouraged to identify all areas of interest. The time commitment will vary by role, but participants should expect to spend an average of approximately two hours per week, from July 2021 to year-end 2022. The kick-off meeting of this group will take pace in late-July.

To express interest, please provide the following information:

Contact information

Organization Name*

Organization Representative's First Name*

Organization Representative's Last Name*

Title*

Phone*

Email Address*

City*

State*

Country*

List any additional individuals at your organization that you would recommend for participation:

Industry Segment (Select all that apply)*

If other, please explain:

Role(s) of Interest

Check all roles to which you or your organization would like to contribute expertise and talent*

Access Point Implementer

Corporate Participant

Oversight Committee Member

Relevant Experience

Describe current or previous experience in the sections below, including that of your organization. Non-applicable sections should be left blank.

Describe your role in sending, accepting and/or processing corporate invoices:

Describe your experience with the open source tools, access points and/or registry services:

Describe your knowledge of and/or interest in adopting electronic invoice exchanges:

Describe your experience working on similar initiatives with other industry groups:

Please describe your familiarity with the BPC e-invoice exchange framework:

Describe why you are interested in helping achieve an e-invoice exchange framework:

What do you consider the primary barrier(s) to delivery and automated processing of e-invoices?

Participation in the market pilot will afford organizations the opportunity to build and shape direction for B2B payments modernization and be on the forefront of industry innovation. Pilot participation also gives organizations the opportunity to be early adopters of the e-invoice exchange framework. We thank you in advance for your interest and look forward to the exciting work ahead!