At 07:50 PM 10/10/01, Emery Kobor wrote:

>How do EDI and XML compare, byte for byte, and what adjustments
>might have to be made for "financial XML" to replace "financial EDI?"


My hunch is that's an academic question since there would be
insufficient economic incentive for a simple replacement of the
document format using XML tags.  XEDI is one example of that
approach in the wider EDI community.  The best site I've found
is http://www.diffuse.org/standards.html  --drill down into Ecommerce.

The broader answer to your question involves these facts,

1. EDI never reached SMEs; has reached approx. 400,000 out of at
least 50 million businesses and has no answer whatsoever to
assist individual buying and selling.

2.  Meanwhile, across ALL application domains, not just business,
there has been a profound shift to XML as a simple syntax for
passing data and for innumerable common processing functions.
The runtime software is totally free and cross platform.

3.  The XML vocabulary, syntax and all the necessary processing
layers are certainly being standardized at http://www.ebtwg.org which
is meeting this week.  All readers of this list should have a look at
the new workgroup structures for ebXML phase two.  And the
results of phase one at http://www.ebxml.org    The IP that has been
contributed to the mailing lists on EBTWG in the past 10 days on
the mailing list is quite remarkable.  All of OAGIS, EAN/UCC,
Swift/Bolero, xCBL, etc. etc.  This is quite remarkable, and the
libraries are there in the lists as attachments for download.

4.  The payment and settlement is something that happens in a
larger business process, or you might say, transaction lifecycle.
For example search,discovery,order,fulfillment,settlement.
Settlement comes at the end of this process in which all of the party
and product and logistical processes have already been done.
Settling balances is almost trivially easy in comparison to the
broader automation, security, and so forth that has already been
done.

Thus settlement solutions such as fEDI are *quite* unhelpful in
isolation-- these technologies as well as the financial services
industry itself, needs to be harmonized with the rest of the processing
environment if they are to survive at all. The automation must
reach back earlier in time, when the parties identify each other
to each other, and conduct their business.

I say this with some irony as the same thing is true of general
ledgers, and the accounting industry.   But if automation is
to ever reach the SME and individual users, the whole business
process needs to become much, much more efficient, encompassing
the whole business process not just the payment, or the
journalizing after the fact,

Todd
Todd Boyle CPA  9745-128th Ave NE  Kirkland WA
[EMAIL PROTECTED]  425-827-3107   Oslo [47] 9822-7366
my employer www.netaccount.com
our project www.arapxml.net
  website www.gldialtone.com













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