After witnessing the excellent debate on 997s, I was wondering what
wisdom the list participants can impart on the entire subject of doing EDI
with and through banks. Any downloadable documents, books or dissertations
would be most welcome.
We do what I call rudimentary Financial EDI here. That means some
customers and some vendors pass us 820s, with a few involving transactions
with our bank account using the ACH method. To me, this is one small step
above "Rip and Run" EDI.
What I'm interested in, and possibly other newbies to Financial EDI,
what functionality is available from banks, a good checklist for setting up
Financial EDI with trading partners, and especially ideas that could save
the company money (bank fees) in dealing with banks via EDI. I know that is
a lot information to ask for, and a broad subject that should elicit many
tangents.
Our late CEO always gave a complete lecture on "float" each time the
subject of Financial EDI came up. I know that float can be negotiated and
entered into Financial EDI partnership agreements. What other points are
usually the subject of negotiation?
Is "Split Streaming" Financial EDI a very popular method, or are we
unique in this respect?
I'll be greatly interested in the answers and debate this could
generate.
Dan Mehlhorn
System Programmer/EDI Administrator
Crescent Electric Supply Co
www.cesco.com
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