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What is UBL?

Universal Business Language (UBL) is a library of standard electronic XML business documents such as purchase orders and invoices. UBL was developed by OASIS Technical Committee with participation from a variety of industry data standards organizations. UBL is designed to plug directly into existing business, legal, auditing, and records management practices. It is designed to eliminate the re-keying of data in existing fax- and paper-based business correspondence and provide an entry point into electronic commerce for small and medium-sized businesses.

Please find more information about UBL in the following links below:

1. http://en.wikipedia.org/wiki/Universal_Business_Language
2. http://www.unimaze.com/on+ubl.aspx
3. http://www.oasis-open.org/committees/tc_home.php?wg_abbrev=ubl
4. http://docs.oasis-open.org/ubl/os-UBL-2.0/UBL-2.0.pdf

Source: Wikipedia