EDI


Also found in: Dictionary, Thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia.

EDI

EDI

(Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. Although interactive access may be a part of it, EDI implies direct computer-to-computer transactions into vendors' databases and ordering systems.

The Internet gave EDI quite a boost. However, rather than using privately owned networks and the traditional EDI data formats (X12, EDIFACT and TRADACOMS), many business transactions are formatted in XML and transported over the Internet using the HTTP Web protocol. See X12, EDIFACT, TRADACOMS, extranet, externalization, XML and HTTP.
References in periodicals archive ?
Exact EDI was created through a partnership with Data Masons Software, LLC, a firm specializing in advanced EDI solutions since 1992.
Most electronic accounting systems will not be completely EDI and will include some paper-based transactions.
One of the key benefits of EDI is the exchange of information and completion of transactions directly between computers, eliminating the need for processing purchase orders, bills of lading, invoices and other traditional paper documents.
Meanwhile, Jan Zimmerman, author of Doing Business With the Government Using EDI (Van Nostrand Reinhold; $29.
conducted a survey to find out the primary reason why firms use EDI and discovered these motivations: their customers request it (35 percent); they get quick access to marketing information (26 percent); they gain an advantage over their competitors (14 percent); their data is more accurate (13 percent); and they save money (12 percent).
an EDI software supplier with an installed base of over 1000 customers, says implementation levels vary by industry.
From a taxpayer perspective, the absence of traditional paper records raises issues such as policies regarding the retention and availability of EDI transactions and records for administration purposes, the retention and availability of other electronically generated records, the availability of electronic records for audit purposes, and the educational needs of auditors and taxpayers.
X12, a designation of the American National Standards Institute (ANSI), is the electronic standard that allows EDI to work.
In addition to EDI, transactions involving evaluated receipts settlements (ERS) also present challenges for taxpayers and taxing authorities,(1) as do corporate procurement cards and audit issues arising from their use.
TrueCommerce specializes in providing an easy-to-use and affordable EDI solution.
Examples of areas in which EDI has worked extremely well are Purchasing and Invoice Processing/Accounts Payable.
During the mid 1990s, 1 EDI recognized the need for a user-friendly translator to complement its popular mapping tool.