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EDI 568 Contract Payment Management
What is an EDI 568 Contract Payment Management?
EDI 568 transaction set can be utilized in the following way:
- To enable the transmission of management reports entailing information regarding collections and payments made against funds obliged on orders, contracts, and other services.
The data contents and format of EDI 568 Contract Payment Management are used for the electronic exchange of information. It is distributed into various segments and data elements.
Workflow for the Exchange of an EDI 568 Contract Payment Management
EDI 568 falls under the category of X12M Supply Chain transaction set. This EDI document is utilized by organizations to transmit management reports detailing information of payments collected against obliged funds.
Stay EDI Compliant with EDIConnect
EDIConnect is designed to handle EDI X12 and EDIFACT transaction sets. EDIConnect, bundled with its built-in parser, validator, and transaction builder, makes the process of sending and receiving EDI messages quick and easy. It also enables businesses and trade partners to communicate in a seamless manner and achieve EDI compliance.
Authors:
Irfan Ahmed
