Electronic Data Interchange

Whether you are a manufacturer, distributor, supplier or vendor, Electronic Data Interchange (EDI) with CDF eliminates manual entry of data, increasing information accuracy and decreasing the deliverable cycle. CDF supports the following EDI transactions:

Approvals/Open to Buy

You request approval to confirm that CDF will finance your customer's product.

  • EDI 822 - Open to Buy
  • EDI 845 - Price Authorization
  • ISO 8583 - Automated Approvals

Purchasing CDF Customer Invoices

Your Invoices and Credit Memos to your customers are sold to CDF. CDF receives Invoice Information from you and extracts data required for actual financing (flooring), stores the data and forwards it to your customer as a Statement of Transaction (SOT).

  • ANSI X12 EDI 810 - Invoice Transaction Set for US and Canada
  • UN/EDIFACT INVOIC - Invoice Transaction Set for Europe Proprietary File

Paying CDF's Customers

CDF pays you for purchased invoices using CDF's electronic payment system.

  • ANSI X12 EDI 820 Payment - Orders and Manual Remittance Advice
  • ANSI X12 EDI 820 Payment - Orders and Bundled Remittance Advice
  • ANSI X12 EDI 820 Payment - Orders and Unbundled Remittance Advice

Reporting

CDF provides information about your customers via an EDI report.

  • ANSI X12 EDI 846 - Inventory Status Report

Statement of Transaction (SOT)

Upon receipt of an invoice from the seller, CDF provides you with a "confirmation" of the purchase.
Invoice

  • CDF will send you an electronic invoice utilizing ANSI ASC X12 EDI-810 Standards for the US and Canada. You electronically confirm receipt by sending CDF a functional acknowledgement.
  • CDF will bundle and transmit invoices to you on a daily basis.

Cash Receipts

Enables you to transmit electronic payments for your CDF accounts.

Payments

  • Using ANSI ASC X12 EDI-820 Standards, you can send an electronic payment order and remittance through the banking system.
  • Your disbursement bank will forward the EDI transaction to the clearinghouse for processing; which is subsequently forwarded to CDF via our collection bank.