EDI Capabilites
Without doubt EDI can create a significant impact to organizations.
These can generally be classified into strategic, operational and opportunity benefits and will vary in emphasis across different
organisations, depending on why and how EDI has been implemented. Initial EDI applications have concentrated on corporate
efficiency by improving data flow and error reduction. In these instances the business case for EDI was based primarily on
direct cost savings.
With EDI, businesses can eliminate the need …
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Banks and other financial institutions are supporting usage of EDI in the area of Electronic Funds Transfer (EFT). For example, DBS Singapore, incorparated Internet Banking which enables it's customers to be able to view their account balances, make bills payments and do fund-transfers.
In short, EDI enables these organisations to operate much more efficiently by eliminating significant amounts of paperwork. This of course results in a beneficial `knock-on' effect on their customers.
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