Electronic Data Interchange (EDI) is a system that allows the electronic exchange of business documents, such as payroll or benefits data, between organizations in a standardized format.
- What is Electronic Data Interchange (EDI)?
Answer: It is a system for electronically exchanging business documents like payroll data. - What are the benefits of EDI?
Answer: It improves efficiency, reduces errors, and speeds up transactions. - What HR processes use EDI?
Answer: Processes include payroll processing and benefits enrollment. - What are the challenges of implementing EDI?
Answer: Challenges include initial costs and system compatibility. - Who typically uses EDI?
Answer: Businesses, including HR departments, use it for vendor or government exchanges.
