EDI full form
EDI stands for Electronic Data Interchange. It is a computer-to-computer exchange of data or information such as business documents between companies, this involves the use of a standardized format that allows companies to send information or documents electronically to other companies without human intervention.
EDI has been in use for over 30 years. There are many EDI standards like X12, ANSI, EDIFACT, ODETTE. To use EDI, the two companies' computer systems need to be able to communicate directly with each other, moreover, as there is no human intervention, the companies need the computer systems to understand each other and flow between them. The same standard format must be followed to understand the information, usually companies that do business, for fast, accurate and reliable exchange of data. Use Iai.
What is EDI?
Electronic data interchange (EDI) is a software or system used by companies to exchange electronic information such as files and documents from one computer system to another.
The second is the electronic transmission of data structured by agreed message standards. It is a system for the exchange of business documents with external entities. EDI refers to a family of standards and does not specify transmission methods that are freely agreed upon by business partners. The widespread adoption of EDI in the business world facilitates efficiency and cost reduction. EDI is used in such diverse business-to-business relationships.
It is a communication system in which data is transferred electronically from one computer to another. It is a paperless process in which paper is not used. Spreadsheets and Documents are used in place of paper in this, it also saves time. Therefore, it does not require any human intervention. Nowadays EDI is most commonly used in B2B e-commerce. Much data is transferred by EDI, Electronic Data Interchange (EDI) is a process used by organizations. So that electronic means can transfer data between organizations, it is used to moving electronic documents or business data from one computer system to another computer system. That is, without human intervention from one trading partner to another. EDI is also known as paperless trading.
It takes very little time to transfer documents. Because data is transferred in electronic form because data entry is in the computer. Therefore, there is very little scope for mistakes in it. In this, the data can be easily exchanged, ie technical complexity is reduced, in this the transfer of data takes place at a low cost, it does not have to do paperwork.
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