What is an EDI 884 Market Development Fund Settlement?
EDI 884 transaction set provides the customary industry and business practice for communication of settlement information linked with an event of the single market development fund. EDI 884 is multidirectional between the trading partners.
The data contents and format of EDI 884 Market Development Fund Settlement are used for the electronic interchange of information. It is divided into various segments and data elements.
Workflow for the Exchange of an EDI 884 Market Development Fund Settlement
EDI 884 falls under the category of X12M Supply Chain transaction set. This transaction set provides for established business and industrial practices relative to the communication of settlement information in case of an event of a single market development fund.
Stay EDI Compliant with EDI Connect
With a built-in message parser, validator, and transaction builder, EDIConnect can handle transaction sets in X12, EDIFACT, and HL7 formats. This helps businesses easily exchange EDI documents with their trading partners, allowing them to stay EDI compliant. Using EDIConnect, users can automate file uploads and downloads, create workflows, and transform files into the required format to streamline the process.