EDI transaction codes, sometimes called transaction sets or T-sets, correspond to a specific type of electronic business document, such as an invoice or a purchase order. There are many different documents that you might exchange with your trading partners, and many more specialized transaction sets that are not used as commonly.
Most Popular EDI Transaction Sets:
Step 1 – 846 – Inventory Inquiry/Advice
Step 2 – 997 – Functional Acknowledgment
Step 3 – 850 – Purchase Order
Step 4 – 997 – Functional Acknowledgment
Step 5 – 856 – Advance Ship Notice
Step 6 – 997 – Functional Acknowledgement
Step 7 – 810 – Invoice
Step 8 – 997 – Functional Acknowledgment
The Accountant’s Nightmare
A classic example of such blind decision-making is having the accounting department spend hundreds of hours every year manually processing invoice data in Microsoft Excel to calculate sales commissions to pay their sales team.
Technology to the Rescue
Now, consider how things can change if the process were automated. A software program retrieves all invoice data from your accounting system and processes it immediately.
What about disputes after the salesperson has been paid? Consider that the invoice data used for calculations as well as the calculations themselves end up becoming part of a commission database that is searchable and can be analyzed in myriads of ways
Survive or Dive
Think again. Can a business seriously afford losing the opportunity to use employee time productively? Consider that every company today faces tough competition from other companies offering similar products and services.
Limited resources, unlimited wants. It is a basic principle of economics. Every business must embrace it, whether they like it or not.
But, why then do businesses choose to spend thousands of dollars paying employees to do work that can be done faster and more accurately by machines alone?
1. A Brief History of EDI
2. Uncovering Hidden Sales Opportunities
3. Understanding EDI 997 Functional Acknowledgment
4. Scale Your Business by Serving Customers Differently
5. Increase Customer Retention by Outrunning Your Competition
6. How to Choose a Distribution System
7. Decreasing Customer Satisfaction