The Backbone of Modern Business Transactions
Electronic Data Interchange (EDI) is a critical component in modern business operations, enabling companies to exchange business documents in a standardized electronic format. This article explores the fundamentals of EDI and its importance in today's business landscape.
What is EDI?
EDI is the computer-to-computer exchange of business documents between companies. It replaces traditional paper-based documents with electronic versions, reducing processing time and errors.
Benefits of EDI
- Increased efficiency
- Reduced costs
- Improved accuracy
- Enhanced security