Streamline your processes and improve trading relationships

Electronic Data Interchange (EDI) is a way for trading partners to send and receive payments electronically. It simplifies the job of sending and receiving remittance information, such as invoice numbers and amounts, purchase order numbers, discounts and adjustments. In addition, EDI lets you specify the settlement date of remittances and payments, scheduling payments up to one month in advance.

BMO Capital Markets' EDI Payables process enables you to send payables files in various formats, like X12, SAP, or a proprietary format of your own. It can deliver remittance information to your trading partners by fax, email, VAN or direct transmission.

We secure your data either by authentication or encryption, and we maintain a vendor database to ensure the accuracy and integrity of your supplier banking information. Furthermore, you can monitor all of your EDI payment and collection activity online via the DirectLine^® service, our treasury management gateway.

Let us develop an EDI disbursement program that integrates with your payables processing and becomes a strategic treasury management advantage.