INVOIC
INVOIC is the UN/EDIFACT invoice message — the electronic bill a supplier sends to a buyer. It carries the invoice number and date, the buyer and supplier (with tax registrations), the line items with quantities, prices and totals, tax and discount detail, and references back to the purchase order and despatch advice.
INVOIC is the closing message of the procure-to-pay cycle and the backbone of e-invoicing. Because it references the ORDERS and DESADV, the buyer's ERP can perform an automatic three-way match — order vs receipt vs invoice — and post clean invoices for payment without manual keying. It also underpins compliance with the tax-authority e-invoicing mandates (such as those rolling out across the GCC and EU).
INVOIC is the electronic invoice that makes touchless AP possible. Referencing the PO and the ASN lets the ERP three-way-match automatically and pay clean invoices without a human — and it is increasingly mandatory, as tax authorities move to required e-invoicing formats.
PO / GRN / invoice
for payment
What is a three-way match?
Reconciling the purchase order, the goods received (receiving advice/GRN) and the invoice before payment. INVOIC references the PO and despatch advice so an ERP can do this automatically.
Is INVOIC the same as e-invoicing?
INVOIC is the UN/EDIFACT invoice message and one of the standard formats behind e-invoicing; tax-authority mandates may require specific e-invoice formats built on the same idea.