The document discusses electronic data interchange (EDI), which allows computer applications to exchange business information electronically in a standardized format. It provides examples of how EDI streamlines processes between buyers and sellers by automating tasks like order placement, confirmation, shipping notices and invoices. Companies benefit from EDI through increased efficiency, reduced costs, faster transactions and inventory management. While errors can still occur, EDI overall provides advantages over traditional paper-based processes.
5. EDI in action BUYER’S COMPUTER SELLER’S COMPUTER PO PO CONFIRMATION TRANSPORT COMPANY BOOKING REQUEST BOOKING CONFIRMATION ADVANCE SHIP NOTICE STATUS RECEIPT ADVICE INVOICE PAYMENT
A Value Added Network (VAN) will be an application service provider (ASP) or the established network between an enterprise and its partner. The ASP will act as an intermediary facilitating business processes among enterprises. VANs transmit data formatted as Electronic Data Interchange (EDI).
Less intervention OmniCapture has helped them scan documents with lesser human intervention and fewer errors. OmniDocs has been useful for archiving purposes, helping them in preserving important documents such as policies and claims granted. OmniFlow has acted as the spine of all information that comes into the organisation through policyholders.
![Electronic Data Interchange (EDI) ,[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)