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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
Fresh on the market, ACCPAC Exchange, anew electronic data interchange solutions software package, provides large companies with the ability to interact and deal with other companies in a completely electronic format.
Workgroup for Electronic Data Interchange (WEDI) Strategic National Implementation Process
"Electronic data interchange has been around since the early '80s," Alverez said.
The electronic data interchange technologies developed by ProxyMed not only help make pharmacies more accurate, productive and profitable but also help them meet patient needs by generating legible electronic prescriptions and facilitating formulary compliance with third-party payers.
The Mexican government has designed a new procurement system that links government purchasing units with suppliers and contractors via electronic data interchange. The Compranet system was designed by the Executive Branch Auditor, and currently allows for the payment of bidding fees and the posting of tender guidelines and clarification notes.
Electronic data interchange (EDI) is the standardization of automating computer-to-computer transactions involving common business transactions.
Such tests may include a review of the electronic data interchange or electronic storage system and the internal controls and security procedures for creating and storing records.
The authors make the first complete exploration of new opportunities involved in electronic data interchange (EDI), continuous replenishment systems, and interactive business-to-business Internet commerce.
Categoric Alerts '99 software, launched in March (CI No 3,613) monitors company databases and informs personnel across the company network of important events using email, electronic data interchange cellphone or fax.
While some users may be reluctant to shed existing proprietary EDI (electronic data interchange) networks, the three vendors all report interest among large customers in web-based EDI solutions.
Electronic data interchange (EDI), the buzz word of the 1990s, is keeping many companies and their tax professionals in a state of flux.
Three proprietary firms were active in the business of bringing electronic data interchange to physician's offices: Integrated Medical Systems (IMS), now a subsidiary of Eli Lilly; Health Communication Systems (HCS), a subsidiary of Blue Cross of Virginia; and Ameritech Health Connections, a subsidiary of the midwestern telephone company Ameritech.

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