Financial Electronic Data Interchange (EDI)

Technology continues to advance and we want to make sure that we are providing our customers with the most innovative services that the market has to offer. As technology changes, our customers needs change as well. Additionally, with the continued growth in the world of Electronic Fund Transfers (EFT) there have been a number of organizations sending payments along with payment related attachments.

Financial EDI is the electronic transfer of payments, payment related information or other financial documents in a standard computer readable format. This allows you to receive your payments electronically with payment related details. The detailed attachments included with the EFT would be similar to the information contained within an invoice or purchase order.

EDI Receive

• EDI Receive allows detailed descriptive information attached to ACH credits to be passed from the initiator of the transaction to your account via the report download feature on our i-BusinessBanking website.

EDI Originate

• Customers have the ability to send ACH transactions with invoice details.
• Customers would be able to save money and time spent sending invoices with transaction details.

Features and Benefits

• View ACH credit and debit information.
• Update your accounts payable and receivable system directly from the EDI information.
• Download data in NACHA formatted files to your reconciliation software.
• Fax details of ACH file attachments are also available.

For more information, call our Trusted Industry Experts at (847) 304-5940 or email service@mymanagementadvantage.com