EDI Gains Ground - Clearly the Future Is Now; EDI - Where We've Been and Where We're Headed

Electronic data interchange (EDI) marks another surge in the technological age. In 1989 alone, EDI usage increased from 17.4% of firms to 18.4%, according to a survey of 2,500 companies. When the exchange of data by computer tape is considered EDI, the number of firms using EDI in 1989 increases to...

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Bibliographic Details
Published in:Business credit 1989-12, Vol.91 (11), p.18
Main Authors: Hill, Ned C, Andersen, Ruth E, Clark, Gary
Format: Magazinearticle
Language:English
Subjects:
Banks
Conversion
Credit management
EFTS
Electronic data interchange
Electronic funds transfer systems
Expansion
Polls & surveys
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Summary:Electronic data interchange (EDI) marks another surge in the technological age. In 1989 alone, EDI usage increased from 17.4% of firms to 18.4%, according to a survey of 2,500 companies. When the exchange of data by computer tape is considered EDI, the number of firms using EDI in 1989 increases to 24.2%. Hardware expenditures for EDI are predicted to increase to $51,400 on average in 1990. Spending for translation software should be $18,000 in 1989 and $23,000 in 1990. Among corporations that already have implemented EDI, the main barriers to increasing EDI implementation are knowledge of the field by customers and suppliers and willingness of partners to participate in EDI programs. The compatibility problem of systems also is perceived as keeping firms from adding customers and suppliers to existing programs. A company's decision about EDI should be based upon an evaluation of security, audit procedures, legal and marketing issues, and timing. External factors, including Federal Reserve and banking policies, also must be considered.
ISSN:0897-0181