What is PD CEN/TS 16931-3-1 - Invoice mapping about?
PD CEN/TS 16931 is a series that discusses standards for electronic invoicing (e-invoicing). PD CEN/TS 16931‑3-1 is a part of multi-series electronic invoicing that focuses on methodology for syntax bindings of the core elements of an electronic invoice.
PD CEN/TS 16931-3-1 establishes the essential information elements needed for an electronic invoice. It ensures legal (including fiscal) compliance and enables interoperability for cross-border, cross-sector and domestic trade. PD CEN/TS 16931-3-1 covers the preparation of the syntax bindings relating to the core semantic model.
PD CEN/TS 16931-3-1 specifies the methodology of the mapping between the semantic model of an electronic invoice, included in EN 16931-1 and a syntax. For each element in the semantic model (including sub-elements or supplementary components such as Identification scheme identifiers) it should be defined which element in the syntax is to be used to contain its information contents. Any mismatches between semantics, format, cardinality or structure are indicated.
Who is PD CEN/TS 16931-3-1 - Invoice mapping for?
PD CEN/TS 16931-3-1 on invoice mapping is useful for:
- E-invoice suppliers
- Organizations in the private and the public sector for public procurement invoicing
- E-invoice contracting authorities/entities
- Procurement industry
- Legal and compliance industry
- Trade officials
Why should you use PD CEN/TS 16931-3-1 - Invoice mapping?
The adoption of e-invoicing is bringing significant economic benefits. According to The European Commission, the move from paper to e-invoices is expected to generate savings of €240bn over a six-year period and will become the predominant method of invoicing in Europe. A syntax binding specification in PD CEN/TS 16931-3-1, or mapping, describes how a semantic model, such as the model defined in EN 16931-1 is mapped to a selection of syntax specifications.
PD CEN/TS 16931-3-1 establishes a semantic data model for the core elements of an electronic invoice and will help organizations in the private and the public sectors undertake public procurement invoicing. It may also be used for invoicing between private sector enterprises.
PD CEN/TS 16931-3-1 is a technical specification describing the methodology for the preparation and publication of syntax bindings that link the information elements in the core semantic model to the relevant syntax or machine-readable language.
Compliance with PD CEN/TS 16931‑3-1, ensure interoperability of electronic invoices, thereby contributing to the removal of trade barriers. This will help you expand business operations to newer markets.
