Implementing EDI: Step By Step Checklist The items listed below may be used as an implementation check list written from the perspective of a large company implementing EDI. Companies may consider modifying these steps to fit their business environment. Companies implementing EDI will have the ability to automate processes currently done manually. If these processes are inefficient, they … Read More →
What is the Industrial/Commercial (I/C) EDI program? Why should Industrial/Commercial product manufacturers, wholesalers/distributors and end users establish EDI links? The reasons for implementing EDI are directly related to a company’s desire to remain competitively positioned within its respective marketplace. Listed below are some of the major benefits realized by many companies already involved in EDI. Reduced process cycle … Read More →
Payment Order/Remittance Advice (820) Transaction: VICS Requirements The Payment Order/Remittance Advice (820) allows for the electronic payment of invoices sent to the buyer’s organization. The transaction provides three options: 1) to order a financial institution to make payment to a supplier on behalf of the buyer; 2) to report the completion of payment to a supplier by a … Read More →
EDI Electronic invoicing VICS Electronic invoicing is usually requested by the buying organization shortly after the implementation of electronic purchase orders. Since each buying organization will have specific requirements that must be met for this transaction, the buyer should provide a copy of their implementation guide to the supplier for this transaction. Electronic invoicing is an extract process. The … Read More →