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EDI vs API in Cash Application - A Detailed Comparison
Cash Reconciliation
This tutorial will help A/R managers by giving a detailed overview of API-EDI in cash application and how it can be leveraged in B2B communications.
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  • Lesson Overview
  • Transcript
  • Resources
  • Discuss

"It is expected that at least 40% of all businesses will die in the next 10 years if they don't figure out how to change their entire company to accommodate new technologies." - John Chambers

There are so many technologies available in the market for the transfer and exchange of data from EDI to API to the modern-day blockchain. All of them differ from one another, in terms of what purpose they serve and when did they evolve, and how easily they can be handled.

EDI stands for Electronic Data Transfer and has been in the market since the early 1970s. Over the past 50 years, no advancement in EDI happened and it lacked flexibility and was technically not equipped to handle modern-day business communication challenges leading to the evolution of API. Now, API i.e, Application Program Interface is a web-based protocol using the cloud that could efficiently handle all the business challenges of modern-day scaling business to new heights of success. It is cheap, flexible, and efficient. But the major issue with API is that it makes the system vulnerable. The battle is never-ending as to what is better and more suitable for a business.

Considering the future, blockchain can be the next big thing in business for exchange, transfer, and payments, according to experts. In order to find out which protocol suits you and your business needs. Watch this tutorial on EDI vs API to learn more about EDI, API, and what helps your business to streamline the whole transfer, exchange, and payments process. 

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Instructors
JOHN M. DONOVAN · Advisory Services Consultant, Quote to Payment
John M. Donovan is a senior financial services executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 and 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode
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EDI vs API in Cash Application - A Detailed Comparison

This tutorial will help A/R managers by giving a detailed overview of API-EDI in cash application and how it can be leveraged in B2B communications.

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About this course

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description
lessonOverview

"It is expected that at least 40% of all businesses will die in the next 10 years if they don't figure out how to change their entire company to accommodate new technologies." - John Chambers

There are so many technologies available in the market for the transfer and exchange of data from EDI to API to the modern-day blockchain. All of them differ from one another, in terms of what purpose they serve and when did they evolve, and how easily they can be handled.

EDI stands for Electronic Data Transfer and has been in the market since the early 1970s. Over the past 50 years, no advancement in EDI happened and it lacked flexibility and was technically not equipped to handle modern-day business communication challenges leading to the evolution of API. Now, API i.e, Application Program Interface is a web-based protocol using the cloud that could efficiently handle all the business challenges of modern-day scaling business to new heights of success. It is cheap, flexible, and efficient. But the major issue with API is that it makes the system vulnerable. The battle is never-ending as to what is better and more suitable for a business.

Considering the future, blockchain can be the next big thing in business for exchange, transfer, and payments, according to experts. In order to find out which protocol suits you and your business needs. Watch this tutorial on EDI vs API to learn more about EDI, API, and what helps your business to streamline the whole transfer, exchange, and payments process. 
transcript

Coming Soon
resources Coming Soon
discuss Coming Soon
instructor
name title image description
JOHN M. DONOVAN Advisory Services Consultant, Quote to Payment John M. Donovan is a senior financial services executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 and 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode
recommendation
image tag title description link duration

 

 

Cash Reconciliation

 

 Complete Guide to Different Payment Options in Cash Application A/R manager's guide on how to deal with processing variables in cash application. https://academy.highako.com/complete-guide-to-different-payment-options-in-cash-application 30 min

Cash Reconciliation

KPIs and Reporting

 Cash Application KPIs and Reporting Watch this tutorial to learn how to monitor cash application KPIs to achieve your business's long-term goals. https://academy.highako.com/cash-application-kpis-and-reporting 30 Min
tribe
widgetType Id components
topic cash-application input

Curriculum30 Mins

  • EDI in Cash Application: A Detailed Overview (~20 Mins)
  • Preview
    An Introduction to EDI
  • What are the EDI Standards
  • Why EDI is Not for Everyone
  • Advantages and Disadvantages of EDI
  • Understanding API in Cash Application (~5 Mins)
  • An Introduction to API
  • Different Alternatives to API and EDI
  • Blockchain: The Future of EDI & API (~5 Mins)
  • Importance of Blockchain in Cash Application
  • 4 Questions to Consider before integrating your B2B space

About this course

promoImage
description
lessonOverview

"It is expected that at least 40% of all businesses will die in the next 10 years if they don't figure out how to change their entire company to accommodate new technologies." - John Chambers

There are so many technologies available in the market for the transfer and exchange of data from EDI to API to the modern-day blockchain. All of them differ from one another, in terms of what purpose they serve and when did they evolve, and how easily they can be handled.

EDI stands for Electronic Data Transfer and has been in the market since the early 1970s. Over the past 50 years, no advancement in EDI happened and it lacked flexibility and was technically not equipped to handle modern-day business communication challenges leading to the evolution of API. Now, API i.e, Application Program Interface is a web-based protocol using the cloud that could efficiently handle all the business challenges of modern-day scaling business to new heights of success. It is cheap, flexible, and efficient. But the major issue with API is that it makes the system vulnerable. The battle is never-ending as to what is better and more suitable for a business.

Considering the future, blockchain can be the next big thing in business for exchange, transfer, and payments, according to experts. In order to find out which protocol suits you and your business needs. Watch this tutorial on EDI vs API to learn more about EDI, API, and what helps your business to streamline the whole transfer, exchange, and payments process. 
transcript

Coming Soon
resources Coming Soon
discuss Coming Soon
instructor
name title image description
JOHN M. DONOVAN Advisory Services Consultant, Quote to Payment John M. Donovan is a senior financial services executive specializing in all aspects of the Order-to-Cash and back-office processes. Managed several very large global A/R portfolios for major Fortune 100 and 500 high-growth companies in various stages of delivery and transition, as well as small companies in a startup and growth mode
recommendation
image tag title description link duration

 

 

Cash Reconciliation

 

 Complete Guide to Different Payment Options in Cash Application A/R manager's guide on how to deal with processing variables in cash application. https://academy.highako.com/complete-guide-to-different-payment-options-in-cash-application 30 min

Cash Reconciliation

KPIs and Reporting

 Cash Application KPIs and Reporting Watch this tutorial to learn how to monitor cash application KPIs to achieve your business's long-term goals. https://academy.highako.com/cash-application-kpis-and-reporting 30 Min
tribe
widgetType Id components
topic cash-application input

Curriculum30 Mins

  • EDI in Cash Application: A Detailed Overview (~20 Mins)
  • Preview
    An Introduction to EDI
  • What are the EDI Standards
  • Why EDI is Not for Everyone
  • Advantages and Disadvantages of EDI
  • Understanding API in Cash Application (~5 Mins)
  • An Introduction to API
  • Different Alternatives to API and EDI
  • Blockchain: The Future of EDI & API (~5 Mins)
  • Importance of Blockchain in Cash Application
  • 4 Questions to Consider before integrating your B2B space