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Many view EDI from the technical perspective that EDI is a data format; it would be more accurate to take the business view that EDI is a system for exchanging business documents with external entities, and integrating the data from those documents into the company's internal systems.
an interactive exchange protocol (I-EDI) standard messages which allow multi-country and multi-industry exchange The work of maintenance and further development of this standard is done through the United Nations Centre for Trade Facilitation and Electronic Business ( UN/CEFACT ) under the UN Economic Commission for Europe, in the Finance ...
The Accredited Standards Committee X12 (also known as ASC X12) is a standards organization.Chartered by the American National Standards Institute (ANSI) in 1979, [2] it develops and maintains the X12 Electronic data interchange (EDI) and Context Inspired Component Architecture (CICA) standards along with XML schemas which drive business processes globally.
An accounting information system (AIS) is a system of collecting, storing and processing financial and accounting data that are used by decision makers. An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources.
Enterprise software is an integral part of a computer-based information system, handling a number of business operations, for example to enhance business and management reporting tasks, or support production operations and back office functions. Enterprise systems must process information at a relatively high speed.
A bank holding company is faced with the costs of meeting the accounting, record-keeping and reporting requirements imposed by the Board of Governors of the Federal Reserve. Other regulatory costs
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