EDI Document Type - 155 Business Credit Report
What is a 155 Business Credit Report?
The 155 Business Credit Report contains information regarding the Business Credit Report Transaction Set (155) for use within the context of an Electronic Data Interchange (EDI) environment.Standard EDI formats include X12, ANSI, EDIFACT and its subsets. Click here to read more about supported EDI Standards.
What makes up the 155 Business Credit Report?
A 155 Business Credit Report document is organized into the following segment and data elements. A segment can contain at least one data element. Each data element contains a data field. Examples of data elements on the 155 Business Credit Report includes identification, location, financial, payment experiences, banking, suits, liens, judgments and public filing details, operational, affiliate, organizational, credit rating, and other information about a business.
How is it used?
The 155 Business Credit Report can be used to transmit business credit information to a trading partner. Additionally, this EDI document can be used to convey identification, location, financial, payment experiences, banking, suits, liens, judgments and public filing details, operational, affiliate, organizational, credit rating, and other information about a business to support automated business decision processing and update business data bases.
The Process and Standards
An EDI solution is required to process the EDI documents received into a financial system (click here to view all available financial systems eBridge integrates into) or into a readable format for manual entry. Each trading partner will have an EDI Implementation guide outlining the specific segments, data elements, values accepted, and the applicable business rules to be followed.
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