Fully integrated EDI and Financial EDI

Posted in Labels:

Fully Integrated EDI:
Fully integrated EDI systems encompass electronic data sharing throughout all aspects of the purchasing and payments cycle. The fully integrated EDI system allows the purchasers computer system to electronically check inventory levels and production schedules to determine whether the requested item in stock or when it scheduled to be produced. 

Financial EDI: 
The banker EDI council defines financial EDI as the electronic exchange of payments related information or financially related documents in standard formats between partners. Financially EDI is the key distinguishing feature between partially and fully integrated EDI systems. Some farms may transfer funds electronically and produce the remittance advice in hard copy format that is sent through the postal service.