Benefits of using an 845 Price Authorization Acknowledgement Status
Purchasers and suppliers benefit from implementing the EDI 845. Many of these benefits depend on how automated and integrated the transaction is for both parties. Some benefits include:
Retailers and distributors can manage supplier/manufacturer contracts more effectively
Retailers and distributors can improve pricing accuracy in customer billing
Both parties can reduce paperwork and gain operating efficiencies by completing transactions faster
Both parties can reduce time and effort spent in pricing/chargeback reconciliation
Key data elements included in a Price Authorization Acknowledgment/Status include:
Vendor name and address
Contract number
Pricing information
Item identifiers
The EDI 845 applies to new or renewed contracts, specifically to update:
Add customer
Remove customer
Change customer details
Item additions
Item removal
Item price change
Common issues regarding EDI 845
Automate 845 Price Acknowledgement Status with Full-Service EDI from SPS Commerce
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SPS communicates directly with your trading partners to manage connectivity, setup, requirements, updates and support efforts. SPS also takes ownership of understanding your trading partner requirements and making map changes.
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