Question By: EDI is also known as electronic data interchange that is mostly used by businesses to transfer & exchange trade documents efficiently. There are benefits of Internet EDI, for many businesses because it is a way that paperwork can be electronically submitted, whether it is more invoicing for more efficient billing or electronic payments to improve cash flow.
For businesses that process secure business transactions or those that need to be assured of secure electronic data transmissions, electronic data exchange via the Internet allows a more efficient turnaround that is safe and secure.
Most businesses that have decided to go "paperless" have decided that Internet EDI offers tremendous cost savings, is environmentally better and cash flow can be improved when it is used for payment processing.
The main benefits that businesses get from Internet EDI are the low cost without transaction fees, it is easy to use with existing computer equipment and it offers real-time data transport that is considered an industry standard.
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