Electronic data interchange

What is EDI (Electronic Data Interchange)?

Electronic data interchange provides the ability to transfer business and / or commercial information between the partners ' information (accounting) systems electronically in the form of standard structured messages. This makes it much easier for both the buyer and the supplier to work and perform their functions.

The introduction of automatic invoice exchange was another step towards improving the quality of mutual cooperation, simplifying and increasing the speed of work with suppliers.

By moving from a paper-based exchange of business document to one that is electronic, businesses enjoy major benefits such as reduced cost, increased processing speed, reduced errors and improved relationships with business partners.

Why do you need an EDI provider?

An EDI provider acts as a service intermediary that provides consulting to suppliers, setting up an electronic document management system, and testing it. Given that the accounting systems of the buyer and the supplier may differ significantly, the EDI provider ensures the control and reliability of the transmitted data.

What can EDI provide to vendors?

The electronic data exchange system allows suppliers to significantly save not only financial resources, but also their own time by saving on services for the transfer and storage of paper documents, copying paper media.