Transform Your Supply Chain

EDI in the banking/finance industry helps banks, financial institutes, and governments with the seamless transmission of financial information on a massive scale by automating the entire transaction cycle and reducing the dependency on the manual labor-intensive process.

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Transform Your Business with Supply Chain Solutions from Commport 

In this new era of digitalization, the growth of international trade has created opportunities for trade between buyers and suppliers across the globe, resulting in the globalization of the financial supply chain. It involves many different processes to exchange information such as differences in currencies, accounting regulations, and other financial transactions/documents. Using EDI in the financial process mitigates this risk by automating the data exchange process in a standardized format, enabling the seamless, accurate, and timely exchange of financial data between buyers, sellers, and their financial institutions.

Electronic Data Interchange (EDI) is widely employed by commercial firms to initiate transactions with their financial services counterparties. EDI facilitates financial supply chain transactions like the direct deposit of payroll checks by employers, the direct debit of consumer accounts, and also the electronic payment of government taxes by businesses. With the increasing emphasis on security, the financial services industry has added variety of secure communication protocols together with the more common ones used for other industries.

The most common EDI standard used in North America is EDI ANSI X12 transactions. There also other popular EDI standards are also used across the world such as UN/EDIFACT, SWIFT, and more.

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Benefits of EDI in the Banking/Financial Industry

EDI helps automate and streamlines your communications with your trading partners. Helping you build strong long term relationships


What is Electronic Data Interchange?

Electronic Data Interchange is the transfer of large amounts of information in a specified format between business partners.  Here are the following ways EDI benefits your business:


Commport Solutions for Banking/Financial Industry

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Commport EDI

Commport's EDI software provides a comprehensive suite of tools for managing and processing EDI transactions, including mapping, translation, and validation of electronic documents. The software is compatible with a wide range of EDI standards, from Custom Flat Files, to ANSI X12, EDIFACT, and XML.

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Commport Cloud EDI

Whether you are just getting started in the world of Electronic Data Interchange or you have low-volume data exchange needs, Commport’s Cloud EDI offers, automation and control to organizations looking to automate their fulfillment processes and become EDI compliant, it is an economical solution, that is easy to use.

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Commport-Value Added Network (VAN)
Commport VAN

Commport's VAN facilitates the exchange of information electronically between trading partners. Our VAN acts as a single communications link to multiple trading partners. It enables business documents to be transmitted electronically between a diverse group of organizations, nationally and internationally.

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Commport Product Syndication
Commport CPS

Harness the Power of CPS, the Ultimate Data Synchronization Solution Uniting PIM and GDSN. Experience Seamless Data Harmonization, Streamlined Collaboration, and Unparalleled Efficiency in Managing and Distributing Product Information. Elevate Your Business to New Heights with CPS Commport: The Future of Data Synchronization!

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Commport- GDSN
Commport GDSN

Embrace Global Data Synchronization (GDSN) and Ignite Seamless Collaboration Across the Supply Chain. Explore the Key Elements, Integration Opportunities, and Data Standardization Techniques to Optimize Product Data Exchange. Unleash the Potential of GDSN and Unify Your Data Ecosystem for Enhanced Efficiency and Accuracy in the Digital Era!

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Commport PIM

Unlock the Power of Product Information Management (PIM) and Propel Your Business to New Heights using highly enriched product data. Discover the Benefits, Strategies, and Best Practices to Streamline Product Data, Enhance Customer Experiences, and Drive Sales. Dive into the World of PIM and Revolutionize Your Product Management!

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Common EDI X12 Transaction Codes Used in the Banking / Financial Industry

EDI X12 Transaction Number EDI Transaction Name / Document Type
EDI 248
Account Assignment/Inquiry and Service/Status
EDI 811
Consolidated Service Invoice/Statement
EDI 812
Credit/Debit Adjustment
EDI 818
Commission Sales Report
EDI 819
Operating Expense Statement
Payment Order/Remittance Advice
EDI 821
Financial Information Reporting
EDI 822
Account Analysis
EDI 823
Application Advice
EDI 827
Financial Return Notice
EDI 828
Debit Authorization
EDI 829
Payment Cancellation Request
EDI 831
Application Control Totals
EDI 859
Freight Invoice
EDI 980
Functional Group Totals


EDI Statistics

Commport resolves 51% of its service cases in less than 24 hrs.
The Commport network boasts 99.99% uptime.
Documents are received by Commport and sent out in 60 seconds
Commport translates/transmits documents for more than 6,000 users annually.



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What People Say About Us

Discover the transformative impact of our EDI, CPS, and VAN solutions through the powerful testimonials of satisfied clients who have experienced remarkable results with Commport products and services.


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