A way to incorporate the advantages of Electronic Data Interchange with the Electronic Funds Transfer is

Question

Quizplus · Accepted Answer

Financial Electronic Data Interchange (FEDI) combines the benefits of Electronic Data Interchange (EDI) with Electronic Funds Transfer (EFT). FEDI provides a seamless integration between financial institutions and businesses, enabling the transfer of financial information such as invoices, purchase orders, and payments electronically. This reduces data entry errors and improves efficiency, reducing the time and costs associated with traditional paper-based financial transactions. Therefore, FEDI is the best choice in this scenario.

A Way to Incorporate the Advantages of Electronic Data Interchange