Legal Entity Identifier

A Legal Entity Identifier (or LEI), is a 20-character alpha-numeric string that is used to identify distinct legal entities that engage in financial transactions. The LEI is a global standard (ISO 17442), designed to be non-proprietary data that is freely accessible to all. Simply put, the publicly available LEI data pool can be regarded as…

ACCOUNTING AUTOMATION & IOT

Download this Document as PDF Electronic Data Interchange Businesses issue various Financial Documents for recording their Transactions to counter-party(ies) in paper / closed formats. Electronic Data Interchange – transmission of Information “electronically” but not “intelligently” – manual re-keying and / or extraction of data. Transformation – From Mail Box to a system where Accounting Package…