Electronic Invoice Data exchanged online. Less operational cost and more time saved for settlements.
Today the Financial Clearing process is using significant resources to reconcile roaming revenues based on the paper invoices exchanged between roaming partners. The EID Exchange service provides Financial Clearing Houses with an automated means of exchanging invoice data.
The EID Exchange will not make the current use of paper invoices redundant, but it is expected to be a valuable additional tool to help ensure timely and correct monthly completion of the Financial Clearing process.
The EID Exchange process became mandatory from the 1st of October 2011 for all Financial Clearing House and operators conducting their own settlement may optionally use EID Exchange.
By utilizing EID Exchange, EDCH’s Financial Clearing clients will experience a faster exchange of financial data during the settlement process, which ultimately will reduce the client’s administrative workload and enhance their service level experience.