Electronic Data Interchange or EDI means the planned and controlled transmission of data between the organizations through electronic means. It includes the transfer of data, especially business data from one computer to another without any human intervention.
If you're thinking it is like sending and receiving emails, let me tell you that it is much more than that. The process includes the transmission of bills and checks electronically with appropriate EDI messages on them. In today's time, when everything is done on computers, the need for EDI program has been continuously increasing.
The main benefit of these services is that the checks and bills are sent and received in the form of strictly formatted messages. It is one of the safest ways to transfer financial instruments.
For a few decades, EDI services have been widely used by businesses. It eliminates the paper documentation and reduces the cost of transferring paper bills and checks to their business associates. In addition, it ensures the complete safety of the financial instrument.
To take advantage of these services, all they need to do is to contact a reputed EDI service provider and ask for EDI solutions. There are several web-based EDI software applications available on the market.
These include EDI integration with Microsoft dynamics, EDI integration with SAP, EDI integration with Epicor, EDI Integration with Oracle, EDI integration with Sage, and EDI integration with QuickBooks.
Before purchasing one, you need to analyze your requirements thoroughly and decide what exactly you need. Depending upon your requirements, you can look for web EDI software.