Oracle A75089-02 - Manual (Page 140)

Glossary-2
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.
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