Electronic Data Interchange

Electronic Data Interchange (EDI)
Electronic Data Interchange (EDI) is a system of transferring standardized data between business entities in a structured, machine-readable format.
Electronic Data Interchange (EDI)
Electronic Data Interchange (EDI) is the process of transferring data between and within companies electronically, utilizing standardized formats to enhance efficiency and accuracy.
Electronic Data Interchange (EDI)
Electronic Data Interchange (EDI) refers to the use of electronic data-transmission networks to move information from one computer system to another, typically without human intervention. This technology is widely used for automating orders, invoices, and payments between suppliers, customers, and banks, among other applications.
HIPAA-Compliant
Meeting the standards set by the Health Insurance Portability and Accountability Act of 1996 for electronic data interchange, ensuring the protection and confidentiality of health information.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.