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 ?
Another possibility is for taxing authorities to recognize purchase orders as an "in lieu" invoice, consider ANSI X12 transaction set 856 generated by the supplier as an "in lieu" invoice, or some combination of the purchase order and transaction set 856 as an "in lieu" invoice.
Information necessary to submit electronic claims via the ANSI X12 Standard is also provided on the invoice.
By integrating with B2BGateway's cloud-based EDI solution the NetSuite user can be compliant in all internationally recognized EDI standards and communication protocols such as EDIFACT, Eancom, Tradacoms, ANSI X12, oioUBL, PEPPOL, VAN, AS2, etc.
Adding that the nation must first adopt ANSI X12 v.
During the past several years, the Mortgage Bankers Association (MBA) has been involved in defining a number of ANSI X12 transaction sets (EDI) for standardizing electronic communications among the various participants in the mortgage process.
From this file the bank creates electronic invoices in the ANSI X12 810 format.
This link will employ the ANSI X12 standard for electronic data interchange (EDI).
We needed an EDI solution that was competitively priced and complied with ANSI X12 standards and subset HIBCC (Health Industry Business Communications Council) standards," explains Rob MacLeod, chairman of CareNET.
With full cooperation of both organizations, an ANSI X12 approved implementation guide was developed and continues to be maintained.
By integrating with B2BGateway's cloud based EDI solution the NetSuite user can be compliant in all internationally recognized EDI standards and communication protocols such as EDIFACT, ANSI X12, Tradacoms, oioUBL, PEPPOL, VAN, AS2, etc.
They also wanted the ability to process transactions in ANSI X12 standard format in addition to the myriad proprietary formats that currently exist in the healthcare industry.
Recently, however, software vendors who vigorously oppose ANSI X12 have published many articles.