Industrial Services Announces National Restaurant Chain to Be First EDI Client.LOUISVILLE, Ky.--(BUSINESS WIRE)--May 19, 1998--Industrial Services of America Inc. (Nasdaq:IDSA IDSA Infectious Diseases Society of America IDSA Industrial Designers Society of America IDSA Interactive Digital Software Association IDSA Institute for Defense Studies and Analyses (India) IDSA International Dark Sky Association ) Tuesday announced that a nationally-known restaurant chain will be the first of its clients to utilize its state-of-the-art VICS EDI system. VICS EDI, which stands for "Voluntary Inter-Industry Commerce Standard Electronic Data Interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. ," allows for the electronic exchange of recurring items such as orders, invoices and remittances, eliminating paperwork and drastically reducing clerical time of staff spent on routine business correspondence. In an EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. environment, an invoice can be produced, transmitted and electronically paid all in a single day, as contrasted with the week-long and month-long lag times inherent in traditional paper-based billing. The identity of the national restaurant chain was not disclosed for competitive reasons. Commenting on the arrangement, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Sean Garber said, "We are pleased to have our EDI program up and running. With our increased focus on national accounts, we expect to serve an increasing number of clients with EDI capability. It saves us staff hours, speeds up our accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying cycle, increases our cash flow, and should yield savings we can pass on to our clients." Industrial Services purchased EDI capability from MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. Services Inc. in 1997. Industrial Services of America is an integrated waste management/recycling consulting company engaged in the business of retail and industrial outsourcing and waste handling equipment sales and service. The company is able to offer "total package" solutions to retail and industrial clients to cover their waste management needs. CONTACT: Industrial Services of America Inc., Louisville, Ky. Sean Garber, 502/368-1661 or Coffin Communications Group, Sherman Oaks Sanjay Sabnani, 818/789-0100 |
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