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What is an 820 Payment Order / Remittance Advice?
820 Remittance Advice is a payment document between the buyer and seller. In the context of greenhouse growers, the 820 transaction is specifically designed for the retailer to provide to their vendor for the items paid for. This electronic communication between trading partners eliminates the need for paper-based processes, reducing errors and improving overall accounting efficiency.
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What are the Benefits of Using 820 EDI for Greenhouse Growers?
- AUTOMATION! Automating payment and remittance processes through 820 EDI reduces the time it takes to complete transactions. It also minimizes the risk of errors from manual data entry.
- GET PAID! Faster processing of payment orders gives you quicker access to funds. Real-time visibility into payment status allows for better financial planning.
- ACCOUNTING RECONCILIATIONS – Provides the supplier with the necessary payment details to reconcile payments to purchases. Efficient electronic communication improves trading partner relationships for suppliers and buyers
Conclusion:
GrowerEDI is designed for easy integration into existing systems, ensuring a smooth transition to electronic transaction processing. The user-friendly interface simplifies the EDI process, making it accessible to all team members without the need for extensive training.
If you need EDI or currently use EDI to transmit data to and from your trading partners GrowerEDI is a concierge EDI service that can help you improve your EDI experience and automation. Contact us today to learn more.
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