About Vendor Electronic Invoicing
Electronic Data Interchange (EDI) lets you exchange business information, computer-to-computer, in a standardized format. EDI invoicing lets dealers who are using the EDI application accept electronic invoices from vendors. This electronic link creates paperless transactions and bridges the gap between corporations that use different types of computers.
Remote Order Entry, wholesaler telecommunications and ANSI X.12 are all forms of EDI that may be used. Remote Order Entry and wholesaler communications are forms of proprietary EDI communications. ANSI X.12 is a generic or universal form.
The impact of utilizing EDI in today's marketplace is tremendous. The benefits to be gained by the end-user and the system user are obvious. End-users can use their own computers and people to make their purchasing more automated and simplified. EDI affords users the opportunity to expand their marketplace and handle large purchase orders with no additional employees and with greater accuracy.
EDI not only saves time in Order Entry but can streamline your accounts payable posting procedures. With EDI, you can also send purchase orders to vendors or manufacturers that are ANSI X.12 compatible. Electronic vendor invoicing is efficient with no wasted time waiting for the invoices to arrive. It’s paperless, and no printing means no wasted resources. It also saves keying time by minimizing data entry errors.
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Vendor Electronic Invoicing Concepts