News

General Immediate growth for EDI forecast. Invoices, bills of lading, purchase orders, and the tons of costly paper transactions written by business each year may become relics of the past as industries implement Electronic Data Interchange (EDI). EDI, forecast to grow 73% annually over the next five years, could erode the stacks of paper files and bring many companies into the twenty‐first century with instant, direct transfer of business documents. A direct result of this growth, according to a new 199‐page report by Frost & Sullivan on The Electronic Data Interchange Market in the US. (#A1911) is the development of document format standards that enable computer‐to‐computer transmission of business forms to multiple industries.