VGIS (Visa Global Invoice Specification) is the replacement for the Line Item Detail standard used to pass enhanced Purchase Card data. Adflex worked in the initial testing and deployment of the standard and were one of the first to be fully approved.
The specification enables global end-to-end delivery of detailed invoice data across multiple industries and business systems. Visa is the first to market this new technology to the business-to-business (B2B) e-commerce market.
"Visa International has introduced a new specification that will dramatically increase a corporation's ability to automate business-to-business (B2B) purchasing functions and monitor travel and entertainment (T&E) expenses worldwide - both on the Internet and in the physical world. The new Visa Global Invoice Specification uses Extensible Markup Language (XML) to exchange invoice and payment data across industries and technical processing platforms. Implementation of the specification enables corporations to negotiate prices and control costs, as well as increase productivity by eliminating manual processes. It is being introduced to encourage its adoption as an open standard in the global commercial marketplace." Visa
