EDIFACT (Electronic Data Interchange For Administration, Commerce and Transport) is a cross-industry international standard for the format of electronic data in business transactions. EDIFACT is one of several international EDI standards.
EDIFACT (Electronic Data Interchange for Administration, Commerce and Transport) is a central standard for electronic data exchange, which is used in SAP Business One in particular for creating bank files. Since Release 8.8, SAP Business One has relied on EDIFACT in combination with the SEPA standard (Single European Payment Area) to facilitate electronic payment transactions. Payment transactions efficiently. These standards enable companies to automate payment processes and at the same time fulfil the requirements of different banks and countries.
A decisive aspect of EDIFACT is its dependence on localisation. This means that the standard is adapted to the specific requirements of a country. For example, a bank file for German telebanking can only be created with a German localisation. This customisation ensures that the files created comply with local banking regulations and can be processed smoothly.
Localisation and standards
The use of EDIFACT in SAP Business One is closely linked to localisation. Each country has specific requirements for electronic payment transactions, which are covered by the EDIFACT standard. At the same time, the SEPA standard plays an important role, especially for European payment transactions. SEPA offers a standardised format that simplifies cross-border payments within the EU.
The combination of EDIFACT and SEPA enables companies to process both local and international payments efficiently. It should be noted that the creation of EDIFACT data carriers requires the Payment Engine add-on. This add on is indispensable for generating the necessary bank files and meeting the requirements of the respective localisation.
Technical requirements
Additional tools and add-ons are required to use EDIFACT in SAP Business One. The Payment Engine is a central element that enables the creation of EDIFACT files. The Electronic File Manager (EFM) and the Electronic Document Service (EDS) also play an important role.
Of the Electronic File Manager (EFM) serves as a platform for the exchange of electronic data. It enables companies to transfer bank files and tax reports and is based on the Crystal Reports software. The Electronic Document Service (EDS), on the other hand, manages and processes electronic documents and reports. The EDS is also required in certain scenarios in which the EFM is used.
These tools and add-ons ensure that companies can fully utilise the benefits of EDIFACT and SEPA. They not only automate payment transactions, but also ensure a high level of compliance with the respective local and international regulations.
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