Automating the cash collection process is a desirable goal of the organization.A way to incorporate the advantages of EDI with the electronic funds transfer process is

Question

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FEDI (Financial Electronic Data Interchange) allows for the integration of EDI (Electronic Data Interchange) and EFT (Electronic Funds Transfer) to automate the cash collection process. It enables the transfer of payment information together with other business documents through the same electronic channel, reducing the manual effort required to reconcile payments and remittance information.

Automating the Cash Collection Process Is a Desirable Goal of the Organization.A