Which of the following methods, if used in conjunction with electronic data interchange (EDI), will improve the organization's cash management program, reduce transaction data input time and errors, and allow the organization to negotiate discounts with EDI vendors based on prompt payment?
A) Electronic funds transfer.
B) Knowledge-based systems.
C) Biometrics.
D) Standardized graphical user interface.

Question

Quizplus · Accepted Answer

Electronic funds transfer (EFT) allows for the quick and accurate transfer of funds, improving cash management, reducing data input time and errors, and enabling prompt payments which can lead to discounts.

Which of the Following Methods, If Used in Conjunction with Electronic