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

Traditionally, companies have had to go through the trouble of finding check here the right source of data, evaluating that, negotiating a cost for it, after which integrating that data with the internal systems. Data exchange platforms permit companies to have the data they require directly from a number of suppliers and never have to go through these tedious and time-consuming functions.

Advantages of data exchange

A secure and trusted approach to sharing facts helps organizations meet conformity requirements, set up trust-based mechanisms and deliver accurate insights about customers. It also facilitates the monetization of a company’s data properties.

To exchange info electronically in Business Central, you must create a data exchange definition for every single table you intend to map with external documents or avenues. The definition includes a umschlüsselung setup that maps domains in the external file to prospects in the target table. For example , you can use an information exchange description to send and receive digital documents, import and export bank data or additional external data.