Data exchange is the procedure of transforming data from one software to another so that it can be used in the new system. The aim is to ensure that the meaning of information continues to be the same.

Usually, businesses have had to have got to trouble of actually finding the right source of info, evaluating this, negotiating a cost for it, then integrating that data with their internal devices. Data exchange platforms enable companies to get the data they require directly from a number of suppliers and never have to go through these types of tedious and time-consuming functions.

Advantages of info exchange

A secure and trusted technique of sharing details helps organizations meet compliance requirements, create trust-based mechanisms and deliver accurate insights about customers. Additionally, it facilitates the monetization of a company’s data property.

To exchange data electronically in Business Central, you must build a data exchange definition for each table you want to map with external documents or avenues. The definition includes a umschlüsselung setup that maps areas in the external file to the in the focus on table. For instance , you can use an information exchange explanation to send and receive digital documents, import and foreign trade bank data or additional external data.