Electronic Data Interchange (EDI)
Electronic Data Interchange (EDI)

See Also:
Technology Assessment Criteria
How to evaluate IT systems
Technology Strategy for Small to Medium Sized Companies
How Redundant is Your Data Communications Link?
How to Respond to an Imminent Disaster Threat

Electronic Data Interchange Definition (EDI)

What is electronic data interchange (EDI)? EDI is a standardized format for computer-to-computer communications transmitted via electronic networks. In addition, EDI reduces paperwork and administration relating to information transfers within a company or between companies. It also reduces mistakes and data entry errors.
Using EDI can result in time and cost savings for a business. Electronic data interchange communication can also allow businesses to exchange invoices, purchase orders, and other business documents electronically. EDI documents are also transferred in virtual real-time, leading to faster transaction processing. Furthermore, less paperwork and personnel intervention can reduce administrative costs related to transaction processing.
The American National Standards Institute Accredited Standards Committee X12, or ANSI ASC X12 develop and maintain the technological standards for electronic data interchange.
electronic data interchange


How to Lead an ERP/Accounting System Implementation

In my 28+ year career, I have seen countless ERP system implementations and accounting system implementations. While some have been very successful and made a huge difference in the company, I have seen disasters. Millions of dollars spent over budget. Complete failure for the system implementation. This is one of my “hot boxes” when I

Read More »

How to Make Dramatic Changes in Business

Recently, we had a coaching participant mention to us how her company was wanting to make a huge change in their business that would ultimately destroy the current business. This happens more often that you would think… The owner or founder of the company wants to make a shift, a change, but the leadership did not

Read More »

Financial Leadership in the Digital Age

There is more information available today than in another other age before. It’s overwhelming. Instead of having verbal conversations with one another, there is a room of people on their phones or laptops communicating with other people around the world. We are processing thousands (if not millions) of pieces of information a day. And that’s

Read More »


Financial Leadership Workshop

MARCH 28TH-31ST 2022


Financial Leadership Workshop


June 12-15th, 2023

WIKI CFO® - Browse hundreds of articles