GLOSSARY
A
- ANSI
- American National Standards Institute which establishes national standards for the United States. The parent organization for X12 and also serves as the North American representative to ISO (International Standards Organization).
- ASC X12
- Accredited Standards Committee X12 group. This group is accredited by ANSI and maintains and develops the EDI standards for the United States and Canada.
- ASCII
- American Standard Code for Information Interchange. A standard file format used for transmission and storage. ASCII is a seven-bit code with an eighth bit used for parity.
- Automated Clearing House (ACH)
- A nationwide network operated by the Federal Reserve used to connect banks together for the electronic transfer of funds.
B
- bankers automated clearing system (BACS)
- The standard format of electronic funds transfer used in the United Kingdom.
- business application
- Software that performs a particular business function or group of functions (accounts payable, for example).
- business document
- A document used for conducting business between two trading partners -- a purchase order or invoice, for example.
C
D
E
- EDI
- See Electronic Data Interchange (EDI)
- EDIFACT
- Electronic Data Interchange for Administration, Commerce, and Trade is the current acronym for standards developed within Working Party 4. See also WP4
- electronic commerce
- Conducting business via an electronic medium. This includes methods of exchanging business information electronically, such as Electronic Data Interchange (EDI), FAX, email, and eforms.
- Electronic Data Interchange (EDI)
- Exchanging business documents electronically between trading partners. EDI subscribes to standard formats for conducting these electronic transactions as stated by various standards.
- electronic funds transfer
- A method of payment in which your bank transfers funds electronically from your bank account into another bank account. In Oracle Payables, funds are transferred from your account into that of a supplier. This information is sent to the bank in a file.
F
- financial EDI
- The exchange of machine readable financial documents between a corporation and its financial institution. The exchange includes both collections and disbursements in the form of credit and debit transfers, related bank balance, banking transactions, and account analysis.
- functional acknowledgment
- The acknowledgement to indicate the results of the syntactical analysis of electronically encoded documents. Applies to a functional group and can include detail.
G
H
I
J
K
L
M
N
- National Automated Clearing House Association
- The NACHA is a non-profit organization responsible for developing and maintaining the rules and guidelines for using the ACH network.
O
P
- payment batch
- A group of invoices selected for automatic payment processing via Oracle Payables AutoSelect function.
- payment document
- Medium used to instruct a bank to disburse funds to the account of a site location or supplier.
Q
R
- remittance advice
- A document that lists the invoices being paid with a particular payment document.
S
T
- trading partner
- Any company that sends and receives documents via EDI.
- transaction set
- A complete business document such as an invoice, a purchase order, or a remittance advice. Synonym for document or message.
- transaction set line item area
- The line item area encompasses the actual business transaction set and includes information, such as quantities, descriptions, and prices.
- transaction set summary area
- The summary area contains control information and other data that relate to the total transaction.
U
V
- VAN(S)
- Value Added Network (Supplier).
W
- wire
- A payment method where you pay invoices by notifying your bank to debit your account and credit your suppliers account.
- WP4
- Working Party 4 on the facilitation of international trade procedures of the Economic Commission for Europe, a commission of the United Nations. Working Party 4 has experts on data elements and interchange, and on trade procedures.
X
- X12
- ANSI standard for inter-industry electronic interchange of business transactions.
- X.400
- International standard (in development) for message transmission.
Y
Z
