Posts Tagged ‘edi’

Online Beneficiary Management Service Latest Example of EDI Integration

Wednesday, July 8th, 2009

Just to give you a real-world of example of electronic data interchange (EDI), First Dearborn Life Insurance Company has just announced a new system allowing employees to make their group life insurance beneficiary designations without completing a paper form.

Employees will have access to the system 24 hours a day, 365 days a year.

Tony Trani, president and CEO of First Dearborn said in a press release “It will lower costs by eliminating paper and utilizing a more efficient online process. It will give employers a well-organized management system that provides clear-cut, secure records of employee beneficiary designations.”

See this article at TechWeb.

Learn the ins and outs of how an EDI system like this would work for you at the information technology knowledge center ITStaffing-e.org today!

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Who Develops Standards for Electronic Data Interchange?

Friday, June 19th, 2009

EDI plays a critical role in operating a business in today’s globalized economy. To facilitate the electronic exchange of business information, standards have to be developed.

In the U.S., these standards are referred to as ASC-X12 and are developed by a group of the same name chartered in 1979 by the American National Standards Association. X12 facilitates electronic business transactions by establishing a common, uniform language.

These EDI standards make it possible to conduct nearly all B2B transactions over a computer – in fact, there are over 275 unique transaction sets for a wide variety of industries.

The ASC-X12 committee is broken down into five different subcommittees: Communications and Control, Finance, Government, Insurance and Transportation.

Learn more about the organization and how they develop the EDI standards that are so important for your business to operate efficiently a new article entitled Uniform Standards Assures EDI Solutions Effectively Exchange Information between Computer Systems at the IT knowledge center ITstaffing-e.org.

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What is Electronic Data Interchange?

Thursday, June 4th, 2009

You’ve probably heard this term swirling around when discussing IT solutions for your organization…Electronic Data Interchange, or EDI, is simply an exchange of information between different computer systems within an organization or between different organizations.

Examples abound to the practical uses of EDI and it is most likely a part of everyone’s life in some form or another.

One use that touches most people is in banking - Electronic Funds Transfer (EFT) is a form of EDI commonly used to electronically deposit paychecks, debit consumer bank accounts for ATM withdrawals and purchases and debit bank accounts for mortgage and utility payments.

EDI brings many benefits to an organization, including labor cost savings, time savings and reduction in errors.

Read the article Electronic Data Interchange – The Fundamentals of Business Data Exchange in the information technology knowledge center ITstaffing-e.org for a more in-depth, but simple explanation of what this technology is and how it touches everyone.

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