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EDI

EDI - Electronic Data Interchange

Continental Resources offers a way to optimize your electronic transactions through EDI.

What is EDI?
Short for Electronic Data Interchange, the transfer of data between different companies using networks, such as VANs or the Internet. As more and more companies get connected to the Internet, EDI is becoming increasingly important as an easy mechanism for companies to buy, sell, and trade information. ANSI has approved a set of EDI standards known as the X12 standards.

EDI Features and Benefits:

Reduction of paperwork and associated savings -

  • One time data entry
  • Eliminates hard copy printing and storage costs.
  • Reduced errors, improved error detection
  • Faster management reporting
  • Automatic reconciliation
  • Higher productivity

More timely communications

  • Rapid exchange of business data
  • Elimination of mail charges, courier services
  • Reduced inventory safety stocks
  • Improved production cycle

Uniform communications with all trading partners

  • Customers, suppliers, carriers, banks

Terms and conditions are locked in from the beginning.

 

EDI Summary

Efficiencies built into EDI systems, improves relationships between trading partners by enhancing profits. Costs are cut at the direct and indirect level as paper and errors are eliminated. A new openness between partners is established leading to more imaginative means of doing business profitably. Meeting the future is assured as Increased volume is easily handled computer to computer.

 

Continental Resources offers:

Basic Standards: X12M
Standard ANSI forms/formats (operational at ConRes)

The standards are structured so that EDI packages can easily be configured to translate data from internal formats to external formats
and back again.

850 = Purchase Orders
810 = Invoice
820 = Payment Order/Remittance Advice
856 = Shipping Notice
860 = Purchase Order Change Notice


Other EDI forms are extensive and available from DASI:

180 = Return Merchandise Authorization
805 = Contract Pricing Proposal
812 = Credit/Debit Adjustment
855 = Purchase Order Acknowledgment
865 = Purchase Order Change Acknowledgment
822 = Customer Account Analysis
823 = Lockbox 846 = Inventory Inquiry
867 = Product Transfer & Resale Report
997 = Functional Acknowledgment

EDI Contact Information:
Corporate Contacts
Carol Cavalier
Corporate Credit Manager
175 Middlesex Turnpike, Bedford, MA 01730
Phone: 781-533-0355