EDI 155 Business Credit Report

What is an EDI 155 Business Credit Report?

EDI 155 is an electronic document containing business credit information. It is used to send and receive information about a business for supporting automated business decisions.

This transaction set can be used for the following purposes:

• To convey the identification and location of the business
• To send a report about the financial health of the business
• To report payment experiences
• To notify about banking, suits, liens, judgments, and public filing details
• To report on operational health
• To convey credit rating

The data contents and format of EDI 155 Business Credit Report are used for the electronic interchange of information. It is divided into various segments and data elements.

Workflow for the Exchange of an EDI 155 Business Credit Report

EDI 155 falls under the category of X12F Finance transaction set. Trading partners use the EDI 155 Business Credit Report transaction set to send and receive information regarding the business. Important particulars about the business are exchanged during the transaction. This, in turn, supports automated business decision processing, as well as updates business databases.

Stay EDI Compliant with EDIConnect

With a built-in message parser, validator, and transaction builder, EDIConnect can handle transaction sets in X12 and EDIFACT formats. This helps businesses easily exchange EDI documents with their trading partners, allowing them to stay EDI compliant. Using EDIConnect, users can automate file uploads and downloads, create workflows, and transform files into the required format to streamline the process.