What is an EDI 567 Contract Completion Status?
EDI 567 transaction set can be utilized in the following ways:
- To report an executive winding-up status on finished contracts
- The creator can make use of this transaction set to close contract files or to specify the reason of no-closure as per stipulated milestones
- To make an extension in contract winding-up milestone dates
The data contents and format of EDI 567 Contract Completion Status are used for the electronic interchange of information. It is divided into various segments and data elements.
Workflow for the Exchange of an EDI 567 Contract Completion Status
EDI 567 falls under the category of X12M Supply Chain transaction set. This supply chain transaction set can be used to outline the official closing status of finished agreements. The inventor can utilize this EDI 567 transaction set either to close agreement files or reason about the non-closure of contracts as per pre-planned milestones or to prolong the contract closure milestones period.
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Simplifying the process of sending and receiving EDI messages, EDIConnect is designed for handling all X12, EDIFACT, and HL7 transaction sets. Featuring a built-in translator, validator, and transaction builder, EDIConnect aids communication between trading partners, as well as helps them streamline the process of information exchange through a process orchestration.