The movement of business data electronically in a structured, computer -readable format .

A

EFT

B

EDI

C

SWIFT

D

CHIPS

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Electronic Data Interchange (EDI) is the electronic exchange of business information between companies using a standardized format.

  • It enables a company to send information electronically to another company instead of using paper-based methods.

  • EDI improves efficiency, accuracy, and speed in business communications by reducing manual data entry and processing errors.

  • It is widely used in supply chain management, procurement, invoicing, and other business transactions, streamlining operations and enhancing collaboration between trading partners.

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Updated: 21 hours ago

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