EDI 823: Lockbox

EDI 823 Lockbox is the initial document that starts order fulfillment process. It contains the format and establishes the data content of the lockbox transaction set 823 for use within the context of an electronic data interchange environment.

Benefits of using EDI 823 lockbox:

Benefits of EDI 823 lockbox are bi-directional. Some benefits are:

• Payment information can be processed automatically without manual intervention
• Reduction of errors and better reliability and predictability overall
• Import processing can be handled automatically on a scheduled basis
• Reduced or eliminate manual entry of data
• Payment reconciliation can be auto-scheduled

Key data elements include:

• Name, address, geographical location, reference ID’s
• Service promotion, allowance or charge information
• Item identifiers including deposits, quantity and monetary amounts
• Tax information

Automate EDI 823 Lockbox with EDI by Design