EDI Invoice (810) as one of the main financial transactions
The Invoice (810) is generated by the supplier to bill the buyer for products and services provided. The Invoice (810) allows a buyer to record payment information and automatically update applicable financial systems. The data contained in the transaction provides automated cross-referencing of purchase order and receiving data. If a consolidated invoice is used, receiving and reconciliation must support multiple invoices being combined into one Invoice (810). This process occurs without manual intervention, thus eliminating further key entry.
Invoice (810) Benefits
• Increases operating efficiencies by reducing the need for manual data entry
• Allows for automated reconciliation
• Improves the claim process due to timely information exchange
• Allows for automated payment authorization process
The Invoice (810) EDI transaction can be used in various scenarios, including:
- Retail: For billing retailers for goods supplied, including details of items, prices, and quantities.
- Manufacturing: To invoice clients for raw materials, parts, or finished goods.
- Healthcare: For billing medical supplies and equipment to healthcare providers or institutions.
- Logistics: To charge for transportation, warehousing, and other logistics services.
- Wholesale Distribution: For invoicing bulk orders to wholesalers or distributors.
- Automotive: To bill dealerships for vehicle parts or accessories.
- Utilities: For sending bills related to water, electricity, or gas consumption.
- E-commerce: To invoice online retailers or end customers for goods purchased through e-commerce platforms.
In each case, the 810 EDI transaction helps automate and streamline the invoicing process, reducing errors and improving efficiency.
To learn more about EDI and become a CEDIAP® (Certified EDI Academy Professional), please visit our course schedule page.