Electronic Data Interchange (EDI) is the electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Business entities conducting business electronically are called trading partners.
Herein, what does EDI billing mean?
Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners. Having people involved slows down the processing of the documents and also introduces errors.
What is the definition of EDI?
EDI stands for Electronic Data Interchange. It's a generic term that refers to the systems and processes that retailers have in place for sending orders and receiving stock.
What is EFT and EDI?
Electronic data interchange (EDI), or electronic data processing, is the electronic transmission of data between computers in a standard, structured format. Electronic funds transfer (EFT) is the term used for electronic data interchanges that involve the transfer of funds between financial institutions.