Electronic Data Interchange

So what is EDI? The most accurate EDI definition is the computer-to-computer exchange of business documents in a standard EDI document format between business partners.

By Factschronicle moving from a paper-based exchange of business documents to EDI documents, businesses enjoy major benefits such as reduced cost, increased processing speed, reduced errors and improved relationships with business partners. EDI transactions are processed much faster and with less human intervention. Technology keeps increasing with time, for example when building a new PC, a quality storage solution should be high on your ist of priorities (start by looking here).

In addition, the best EDI software and services can integrate into back-end systems such as ERP and accounting platforms to enable the end-to-end processing of key business documents.

One of the reasons for the continued prominence of EDI technology is its ability to span business documents from several key business processes. For example, EDI payments and EDI invoices, rather than the paper variety, allow companies to process order information faster and more accurately. And, it’s within EDI payments and EDI invoicing that the technology developed to include EDI shipping documents for instance, and help give insight into global shipping transactions, warehouses and distribution centers.