ANSI ASC X 12 Finance Subcommittee New Member

ANSI ASC X 12 Finance Subcommittee New Member Orientation

Program Overview Ü Introductions Ü History Ü ANSI ASC X 12 Organization Ü X 12 Finance Ü Officers/Voting/Constitution Ü Resources and Networking Ü Education Ü Task and Work Groups Ü The Process Ü The Future Ü Wrap Up and Questions

• History ó ANSI ASC formed in 1979 ó Finance Project Team jointly managed by X 12 & X 9 ó Formal X 12 Subcommittee Status in 1989 ó Manages over 40 X 12 Transaction Sets ó Task Groups & Work Groups Formed as Needed

• Mission Define, develop and support new transaction sets and review proposed changes to existing transaction sets that relate to the request, initiation, processing, control, reporting and security of financial transactions.

• Subcommittee Organization ANSI X 12 Finance Task Groups Work Groups

Substantial Savings on Products and Services Can Easily Offset Membership Dues ASC X 12 Participation • Participate in a Committee with over 25 years of experience and expertise in the development and implementation of electronic data exchange standards • Proactively shape the most widely used X 12 EDI standards in an open and neutral cross-industry environment • Control what changes become part of the standard via a proven consensus-based infrastructure Gain access to the ASC X 12 Tools for Members program, offering complimentary use of worldclass commercial software packages to aide in the development of X 12 standards • Members are eligible to vote on numerous technical and administrative ASC X 12 issues. Subcommittee votes are conducted according to procedures in each subcommittee’s constitution. The first requirement to be eligible to vote is to have membership in that particular subcommittee

Substantial Savings on Products Sponsorship Opportunities Subcommittee Meetings &and Services Can • Receive free registration for unlimited organization representation to all Easily Offset Membership three ASC X 12 face-to-face Committee meetings that take place every year and all interim standards development meetings (nonmembers pay $895 per meeting/per person) Dues a tabletop display at the ASC • Showcase your products and services via (continued) X 12 meetings and take advantage of the various sponsorship opportunities • Receive discounted pricing on education and training topics Web Site & Listservs • Receive early access to standards before they are approved through the members-only section of the web site • Increase the visibility of your organization’s products and services with a listing on the ASC X 12 web site • Gain access to an extensive series of listservs where you receive advice, learn what others are doing and discuss current issues with peers and e-business experts

Substantial Savings on Products and Services Can Easily Offset Membership Dues (continued) Standards & Publications • Receive a discount on all ASC X 12 standards and publications, a potential savings of thousands of dollars • Access X 12 XML Schemas, freely downloadable and available for runtime validation Networking • Access an international network of the industries’ top decision-makers and technology innovators who establish and implement electronic data exchange standards

• X 12 Meetings óFull Finance Meetings at 3 ASC X 12 Trimester Meetings óTask Group & Work Group Meetings óInterim Meetings óWrap Ups óEducational Sessions

Membership and Officers

Membership Characteristics 350+ Active Members Many Industries / Disciplines Oil / Gas Government Insurance Computer Manufacturing Aerospace Telecommunications Credit Card Processing Software Development Consulting

• Officers óOfficers responsible overall subcommittee management. óTask Group & Work Group Facilitators responsible for their functional group. óElections are Staggered.

• Administrative Positions ó Chair ó Vice Chair ó Secretary (3 positions by function) ó TAS Rep (2 positions incl. Alternates) ó PRB Rep (2 positions incl. Alternates) ó Liaisons (2 positions / N & C) as needed ó X 12 Web Master Representative

• Subcommittee Voting ó Task Groups strive for consensus of attendees ó Formal votes require membership in X 12 & Subcommittee ó Task Groups record their single disposition to Finance’s TG 10 Technical Assessment ó Consecutive Meeting 2 nd

Constitution

X 12 F: • Develops and maintains X 12 EDI and XML standards including technical guidelines focusing on financial ebusiness models • Develops and maintains financial business models related to areas such as credit card processes, financial remittance delivery, invoice, and payment transactions. Real estate and mortgage lending messages are also developed and maintained using EDI and XML standards. • Develops payment systems architecture to include data security and data content management for financial standards • Promotes the use of X 12 EDI and XML standards across the financial services industry www. x 12. org

Resources and Networking

ASC X 12 Finance Contact Lists • Officer Roster includes Chair, Vice Chair, Recording Secretary, Logistics Secretary, Database Secretary, TAS Representative, PRB Representative and Task Group Chairs • Phone Book includes all active participants www. x 12. org

• X 12 Documents & Terms óTransaction Set (TS) óData Maintenance (DM) óTAS óPRB óSD 2 óOPM óTR 1 óTR 2 óTR 3

• Data Maintenance (DM) Package ó Indexes ó DM Listing ó Impacted Standards

• Mentor Program ó Provide new members with assistance with understanding the workings of X 12 F ó New members share the experience of a first meeting with those more seasoned

Typical Educational Schedule Type Session Finance X 12 F New Member Orientation Finance New Member Orientation Wrap Up Day Sunday General How To Get Around An X 12 Meeting Monday Introduction To X 12 Standards Development Monday Introduction To Modeling For Standards Monday Setting General Introduction to X 12 Mapping- An Overview X 12 Design Rules Time 5: 00 - 6: 00 - 8: 30 - 10: 30 - 11: 00 Monday 2: 00 - 4: 00 Tuesday 8: 00 - 9: 00

• Task Groups & Work Groups TG 1 Financial Standards Development TG 1/WG 1 Financial Implementation Guide Review TG 1/WG 5 Financial XML Development TG 1/WG 6 Reassociation Best Practices TG 1/WG 7 XML Harmonization TG 2 Energy & Utility TG 2/WG 1 XML Development TG 2/WG 2 XML Development TG 2/WG 3 X 12 E Subcommittee Organization & Administration TG 10 Technical Assessment

X 12 F Transaction Sets Business Credit Report 156 Entitlement Payment Recipient account Inquiry/Response 248 Account Assignment & Service Status 810 Invoice 811 Consolidated Invoice/Payment 812 Credit/Debit Adjustment 814 General Request, Response or Confirmation 819 Operating Expense Statement 820 Payment Order/Remittance Advice 823 Lockbox 824 Application Advice 827 Financial Return Order/Return Notice 828 Debit Authorization 829 Payment Cancellation Request 831 Application Control Totals 844 Product Transfer Account Adjustment 849 Response to 844 880 Grocery Products Invoice

X 12 F Transaction Sets 821 Financial Information Report 822 Account Analysis 197 Real Estate Title Evidence 198 Loan Verification Evidence 199 Real Estate Settlement Information 200 Mortgage Credit Report 201 Residential Loan Application 202 Secondary Mortgage Market Loan Delivery 203 Secondary Mortgage Market Investor report 204 205 Mortgage note 205 206 Real Estate Inspection 208 Income Proper Appraisal Report 209 Condominium Appraisal Report 210 245 Real Estate Tax Service

X 12 F Transaction Sets 246 Real Estate Listing Information 260 Application for Mortgage Insurance Benefits 261 Real Estate Information request 262 Real Estate Information report 263 Residential Mortgage Insurance Application Response 264 Mortgage Loan Default Status 265 Real Estate Title Insurance Service Order 266 269 Mortgage or Property Record Change Notice 775 Broker Price Opinion 833 Mortgage Credit Report Order 834 872 Residential Mortgage Insurance Application

In the General Finance meeting, held on Monday at our trimester meetings, all Work and Task Groups provide a status of ongoing efforts and discuss pending work efforts for the remainder of the week.

Future ? ? óInternet óCICA óXML óCross Border Transactions óIFX Cooperation with other Standards Bodies

Wrap Up

Close WE TRAINED HARD. . . but it seemed that every time we were beginning to form up into teams we would be reorganized. I was to learn later in life that we tend to meet any new situation by reorganizing - and a wonderful method it can be for creating the illusion of progress while producing confusion, inefficiency and demoralization. PETRONIUS 210 B. C.