What is an EDI 823 Lockbox?
EDI 823 transaction set helps transmit the information of lockbox (incoming payments) as well as the total balance from a bank or any other organization, which provides lockbox service to the company.
The data contents and format of EDI 823 Customs Consist Information are used for the electronic interchange of information. It is divided into various segments and data elements.
Workflow for the Exchange of an EDI 823 Lockbox
EDI 823 falls under the category of X12F Finance set. This transaction set enables transmission of the lockbox information along with the balance information from a specific bank or any other lockbox service provider.
Stay EDI Compliant with EDIConnect
EDIConnect is designed to handle EDI X12, HL7, and EDIFACT transaction sets. EDIConnect, bundled with its built-in parser, validator, and transaction builder, makes the process of sending and receiving EDI messages quick and easy. It also enables businesses and trade partners to communicate seamlessly and achieve EDI compliance.