1/8/2024 0 Comments Edi 810 format![]() The process can easily take five business days or more.ĮDI allows you to send invoices and receive an acknowledgment within the hour. Beyond generating the invoice, you must send it, confirm receipt, and await payment. Paper-based invoicing takes a lot of time. According to EDI Basics, one American company reduced its cost to $1.35 per order from a previous cost of $38. Research demonstrates that EDI costs just one-third of the paper-based equivalent. Why use EDI to generate invoices, purchase orders, and other business documents? There are several benefits EDI offers that you don’t receive with other forms of invoicing. The unique code assigned to this transaction set allows a computer to determine the purpose of your EDI document. Think of it as the electronic version of a traditional paper invoice. These data elements are equivalent to similar info found on paper documents. It’s worth exploring the concept of an invoice transaction set.
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