What is electronic data interchange?

Electronic data interchange has another strong advantage over paper-based information exchange which has to do with accuracy of information. When the information is already stored electronically, it speeds up an organization's ability to check for accuracy and make any necessary corrections as the data is already inputted in the system. Also, unlike paper-based methods, EDI allows for the ability to send and receive information at any time thereby tremendously improving an organization's ability to communicate quickly and efficiently.