CWA 17029-403:2016

Business Interoperability Interfaces for Public Procurement in Europe - Post Award - Part 403: Guideline on Payment Initiation and Reconciliation CWA 17029-403:2016

Scope

This guideline is a deliverable of the third CEN Workshop on Business Interoperability Interfaces for public procurement in Europe (WS/BII3).
The purpose of this guideline is to describe how BII specifications can be applied in order to enable a buyer to initiate the payment of an invoice and then to enable to seller to reconcile the received payments against his invoices. The guideline shows how payments of BII invoice transactions should be arranged when organizations wish to base them on SEPA Rulebook and CGI. It does not imply that these standards are mandated for the payment of BII invoices. On the contrary, if an organization already has a satisfactory solution with a financial institution (bank), it may well serve its purpose also for the settling of e-commerce transactions.
This guideline fulfils the workshop deliverable PoAw-12 Simplified invoicing described as follows:
"Development of a Guideline describing how to carry out payment initiation based on the BII invoice transaction and how reconciliation of payments could be done. The guideline should give advice on how BII business terms relate to existing practices within CGI (Common Global Implementation of ISO20022) and SEPA Rulebook. "