• Title/Summary/Keyword: Financial EDI

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A Study on the Change in Trade Financial EDI form in Japan (무역금융EDI의 형태변화에 관한 연구 -일본의 사례를 중심으로-)

  • Kim, Jung-Uk
    • International Commerce and Information Review
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    • v.7 no.4
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    • pp.97-115
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    • 2005
  • This paper describes the characteristics and outline of the Japan trade EDI project and proposes a vision for the future. The results are as follows; First, the TEDI(Trade EDI) project was initiated to promote paperless trading(using XML documents) on open networks such as the Internet, and to construct associated legal structures. Second there is converting harbor EDI system in existing EDI to single window system. Third, the NACCS system has been put into operation in Japan. To develope NACCS system must associate other system such as financial, insurance, logistic.

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The current situations and future directions of electronic marine insurance policy in Japan's trade financial EDI (일본의 무역금융EDI에 있어 국제해상보험증권의 전자화 현황과 향후과제)

  • Han, Sang-Hyun
    • International Commerce and Information Review
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    • v.9 no.1
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    • pp.169-186
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    • 2007
  • The purpose of this study analyzes laying stress on Japan example that background of electronic issue of international meritime insurance policy is what, and is marched in some degree present. and this study presented what hereafter subject of electronic insurance plice is. The this paper is to study the current situations of trade financial EDI in Japan and problems in application of marine insurance contracts. The subject of electronic marine policy issue is as following in trade financing EDI. (1) application of electronic document in claim demand. (2) standardization of various documents and insurance plice data. (3) insurance compensation document that become Jeonjahwa in insurance accident settlement. (4) maritime Insurance policy agreement's establishment. (5) when is monopolized to third party, realization of electronic maritime insurance policy offer.

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The current situations of trade financial EDI and implications in application of marine insurance contracts (무역금융EDI의 동향과 해상적하보험계약에의 적용과제)

  • Han, Sang-Hyun
    • The Journal of Information Technology
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    • v.7 no.1
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    • pp.121-136
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    • 2004
  • The purpose of this paper is to study the current situations of trade financial EDI based on The BOLERO system, New BOLERO system, The NACCS system in Japan and The EDEN(Electronic DElivery Negotiable document) system and problems in application of marine insurance contracts. Entwined with the contracts of carriage in international sale transactions is a contract of marine insurance by which the goods are insured against maritime perils. In the thesis I tried to explain the problems of paperless marine insurance contracts based on problems in relating to formation of the transit insurance contract and replication the functions of the marine insurance policy electronically.

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The Impact of Environment and Adoption Factors on the Performance of Financial EDI systems (금융EDI시스템의 환경 및 도입 요인이 성과에 미치는 영향)

  • 송미향;정철용
    • The Journal of Society for e-Business Studies
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    • v.2 no.2
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    • pp.75-88
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    • 1997
  • Many Korean banks and companies have adopted EDI to replace traditioanal paper documents by electronic ones, which can move much faster with greater accuracy, Also, it is expected to reduce overall costs and maintain good relationships with customers. However, in practice, the performance of EDI seems to be less than expected. The purpose of this paper is to identify the impact of environment and adoption factors on the performance of financial EDI. We proposed a model for the relationships based on the existing literature and peformed a survey of Korean commercial banks and companies using KTNET. The results of this study are as follows: First, the business environment represented by the size of companies and the frequency of transactions showed a negative impact on the performance in terms of efficiency, which is quite converse to the common belief. Second, the technical environment, including computing skills of users and operators, showed a positive impact on the performance in terms of effectiveness. Third, the clearer the adoption purpose, the higher is the performace as intended, while the initiative for the adoption process showed no significant impact.

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A Study on Factors Influencing the Usage Level and Performance of EDI (EDI 활용수준 및 성과에 영향을 미치는 요인에 관한 연구)

  • Noh, Young;Chung, Yoon
    • Asia pacific journal of information systems
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    • v.11 no.3
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    • pp.105-126
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    • 2001
  • The objective of research is to find out exogenous variables that influence the usage and performance EDI in the Korea firms. Specifically the goals of this research are; (1) to examine relationships between exogenous variables, such as management, technology, inter-firm relationship characteristics, and EDI performance, and (2) to measure EDI volume, EDI diversity, EDI depth among Korea firms. The questionnaire consists of two versions; One for the EDI system managers and the other for the EDI users. The analysis of this study is designed as cross level to examine the causal relationship among variables in different analysis level. The reliability and validity of data was tested by explanatory factor analysis, Cronbach's alpha coefficient, confirmatory factor analysis, and correlation analysis. Also, the structural equation model(SEM) analysis was performed to test the usefulness of the model. The analysis results revealed that education level, IS growth, trust, support, power are major influential variables on the usage level and performance of EDI. Especially, persuasive power turned out to be more important than coercive power, and technical financial support from organizations was also found to be a significant variables.

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The Impact of Internal Control on the Security and Usefulness of EDI System (EDI시스템에 있어서 내부통제가 정보시스템 보안성 및 유용성에 미치는 영향)

  • Han, In-Goo;Lee, Jae-Chang
    • Asia pacific journal of information systems
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    • v.9 no.3
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    • pp.143-157
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    • 1999
  • EDI is one of the most important information technologies in todays business environment. This study is an exploratory study on the EDI control of Korean companies in their early stage of EDI implementation. The purpose of this study is to examine the impact of EDI controls on the security and usefulness of EDI systems for Korean companies who have adopted EDI. The data of fifty-one Korean companies for financial, manufacturing, and trade industries are collected by the mail survey and interview methods. The level of EDI control is mediocre on the average. The level of EDI security is low while that of EDI usefulness is mediocre. The empirical results show that the EDI controls in general improve the EDI security and usefulness significantly. Especially, the application and security control affect the EDI security significantly while the management, application, and security controls affect the EDI usefulness significantly. The gap between the level and perceived importance of control does not affect the EDI security but decreses the EDI usefulness at the marginal level of significance. The limitation of this study is that only a small number of companies are available for data collection because Korea is in the early stage of EDI implementation.

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A Study on Improving Measure for EDI Operation in Korea (우리 나라 무역자동화(EDI)운영의 개선방안에 관한 연구)

  • Kim, Dong-Goo
    • Korean Business Review
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    • v.11
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    • pp.385-414
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    • 1998
  • At the point of increasing concern on EDI (Electronic Data Interchange) and on related trade automation, a research of trade enterprises' EDI system adoption and using has a very significant meaning to get the roots of the problems and to put the practical use. After studying the outline of EDI and it's proceeding state, this thesis tries to point out some problems of them and presents the reform measures in the aspect of a legal and business aspect. According to the results of this study, the argues and their control suggestions are as follows. First, the process of trade relations and the it's public concept on the EDI should be changed to the agreement of the adopting and using the standard EDI in Korea. Second, the financial and tax support is needed to the following; the reconsideration of each enterprise, the inrestment of enterprises' role for the training their professional human resource and goverment and related organization's guiding role. Therefore, to maximize the effects of EDI after solving the issues. above trade process the issues should be unified by coorperation with the goverment and related organizations for the information circulation side and considered that EDI system have to positively make automation of trade on the basis of suggestions above.

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A Study on the Integrated Management of XML and EDI Electronic Letters of Credit (EDI 방식과 XML 방식간 통합관리를 통한 전자신용장의 활성화 방안에 관한 연구)

  • Jang, Sang Sik;Ahn, Byung Soo
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.58
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    • pp.237-263
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    • 2013
  • Traditionally, a L/C (letter of credit) has been known as a relatively low risk method of payment. This is why L/C has been used in international trade. However, L/C has a number of weak points such as high cost, long processing time, and complicated documents. Using an electronic L/C is one way to solve those weak points. In Korea, there are two types of electronic L/C. One is the EDI (Electronic Data Interchange) based L/C and the other one is the XML (Extensible Markup Language) based L/C. The former, established in 1990's, is sent from banks to the beneficiary solely through VAN (Value Added Network, KTNET) operators. On the other hand the latter, started in 2005, is sent from banks to KFTC (Korea Financial Telecommunications & Clearings Institute) for management of the L/C balance, as well as to KTNET. So far, paper L/C and EDI based L/C have been used overwhelmingly instead of XML based L/C in spite of the aforesaid disadvantages. In this paper, the authors examined empirically why the users of electronic L/C were reluctant to use XML based L/C. The results are as follows. First, the users of paper L/C were more dissatisfied than the users of electronic L/C due to many factors such as cost, the time required, and information reuse. Second, the users who have more experience with XML based L/C wanted to adopt integrated management with EDI based L/C more than the users who had not experienced XML based L/C. Third, the users who had used more than one form of L/C wanted to adopt integrated management to EDI and XML based L/C more than the users who had only used one form of L/C. Therefore, the authority for electronic L/C should consider a change of the policy from the XML based electronic L/C oriented to integrated management of the various types of L/C.

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