Apr 11, 2018
When you’re talking to a software vendor, you may hear the words “EDI” (electronic data interchange) and “API” (application programming interface) thrown around. These are two major methods that businesses use to transmit data.
EDI has been around the longest and is the most widespread. But API is gaining popularity as a more modern solution. EDI is one of the safest ways to transmit data. Companies can send huge quantities of documents with a single transfer. However, files have to adhere to a standard format.
Also, it can be difficult to configure API with new software. API allows software systems to communicate with each other in real-time, which means that all data can be updated instantly. API can put everything in sync whenever there is a change in benefits. API can improve the customer experiences by reducing underwriting times. API can also help make it easy for partners to do business with you.
