Glossary
Glossary
B2B
Last modified on: 10/08/2022 23:06are business dealings between a large business and small businesses (SMEs).
B2C
Last modified on: 10/08/2022 23:06is business for the provision of goods, services and information conducted directly between a company and consumers who are its end-users.
B2G
Last modified on: 10/08/2022 23:07is business-to-government (a variation of the term B2B), and refers to the exchange of goods, services or information between a business supplier and a public procuring entity.
Business Controls
Last modified on: 14/03/2022 14:01are internal controls to oversee the correctness and veracity of all financial, transactions and operational elements of an organization. In the context of electronic invoicing it often refers to the use of business controls in creating a reliable audit trail between an invoice and the underlying supply of goods and services and can be used to ensure the authenticity of origin and integrity of content for all invoices, whether paper or electronic under EU legislation and Member State regulation.
Business Payments Coalition (BPC)
Last modified on: 10/08/2022 23:07is a volunteer group of organisations and individuals facilitated by the Federal Reserve Bank of Minneapolis working together to promote greater adoption of electronic business-to-business invoices, (B2B) payments, and remittance data.
Business Process
Last modified on: 10/08/2022 23:08is a collection of structured and related activities or tasks that produce specific products or services, or deliver a defined goal for customers or the internal components of an organization.