Although electronic-invoice solutions exist, a flexible standard for electronic invoicing had not been expanded until recently. But now rapid e-Invoice, the first XML-based standard for electronic invoicing via the Internet, is available for industry-wide use. With the help of Sandia National Laboratories, Recap Inc., and the Institute of Management and Administration (IOMA), a cluster of accounts-payable/accounts-receivable consultants and professionals formed the Electronic Invoice and Electronic Payment Information (EI&EPI) Task Force to increase the use of electronic
