electronic data interchange


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Electronic data interchange (EDI)

The direct exchange of information electronically, from one firm's computer to another firm's computer in a structured format.

Electronic Data Interchange

A strictly structured form of business-to-business communication. Electronic data interchange involves the transfer of formal documents, such as orders, invoices, and even checks. Companies provide EDI services to more than 80,000 clients, but the system receives significant competition from various services offered over the Internet.

electronic data interchange (EDI)

an interactive COMMUNICATION system which enables two firms to exchange business documents using standard electronic forms and COMPUTERS linked through a service provider e.g. electronic links between suppliers and retailers allowing purchase orders, packing lists, delivery notices, invoices and remittance advices, as well as self-billing by retailers. EDI is often a faster, cheaper and more reliable means of exchanging information than traditional paper-based exchanges. See INFORMATION MANAGEMENT, MASS CUSTOMIZATION.
References in periodicals archive ?
As corporations increasingly embrace Electronic Data Interchange (EDI) as a way to cut costs and speed delivery of purchase orders, invoices, and remittance information, they are encouraging their financial institutions to close the EDI loop by handling payments electronically.
Benjamin Wright is a Dallas-based attorney and is the author of EDI and American Law: A Practical Guide, which was published by TTDC: Electronic Data Interchange Association.
Both awards are given to recognize exemplary efforts to advance electronic data interchange and e-commerce technology in healthcare.
Now the federal government is poised to realize the benefits of exchanging information from computer to computer in a standardized format through electronic data interchange.
The combination of the Blues' extensive network of hospitals and physicians, along with NEIC's network of more than 100 payors offers an important incentive for small and mid-size health care providers to enter the world of electronic data interchange.
Simultaneously, Banc One has been looking for ways to leverage its expertise in processing credit and debit card transactions and providing electronic data interchange services.
Bechtel holds several leadership positions in the Workgroup for Electronic Data Interchange (WEDI), and is a member of the Healthcare Information and Management Systems Society (HIMSS)/Association for Electronic Health Care Transactions (AFEHCT) Advisory Council.
Eventually, any company that wants to participate in Department of Defense contracts will be required to use electronic data interchange (EDI) to receive Requests for Quotations (RFQ), submit RFQ responses, exchange contract information, submit invoices or accept payment.
SPS Commerce, the leading Software-as-a-Service (SaaS) provider of Electronic Data Interchange (EDI), has been named to the 2006 Supply & Demand Chain Executive 100 list by Supply & Demand Chain Executive Magazine, the executive's user manual for successful supply and demand chain transformation.
Health and Human Services committee has selected Health Communication Services (HCS) to develop an industry-wide electronic data interchange model, the company announced today.
John Tempesco, Companion Technologies' vice president of physician solution operations, addressed the Workgroup on Electronic Data Interchange (WEDI), a cross industry group dedicated to improving the quality of healthcare through effective and efficient information exchange and management, at the group's ICD-10 Forum in Chicago, Ill.

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