ANSI ASC X12

Finance SubcommitteeNew Member Orientation

Program Overview

Introductions

History

ANSI ASC X12 Organization

X12 Finance

Officers/Voting/Constitution

Resources and Networking

Education

Task and Work Groups

The Process

The Future

Wrap Up and Questions

• History

ANSI ASC formed in 1979

Finance Project Team jointly managed by X12 & X9

Formal X12 Subcommittee Status in 1989

Manages over 40 X12 Transaction Sets

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

X12

Finance

Task Groups

Work Groups

ASC X12 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 X12 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 X12 Tools for Members program, offering complimentary use of worldclass commercial software packages to aide in the development of X12 standards

• Members are eligible to vote on numerous technical and administrative ASC X12 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 and Services Can Easily Offset Membership

Dues

Subcommittee Meetings & Sponsorship Opportunities• Receive free registration for unlimited organization

representation to all three ASC X12 face-to-face Committee meetings that take place every year and all interim standards development meetings (nonmembers pay $895 per meeting/per person)

• Showcase your products and services via a tabletop display at the ASC X12 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 X12 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 X12 standards and publications, a potential savings of thousands of dollars• Access X12 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 exchangestandards

Substantial Savings on Products and Services Can Easily Offset Membership

Dues(continued)

• X12 Meetings Full Finance Meetings at 3 ASC X12

Trimester Meetings Task Group & Work Group Meetings Interim Meetings Wrap Ups Educational Sessions

Membership and Officers

Membership Characteristics

350+ Active Members

Many Industries / Disciplines

Oil / GasGovernmentInsuranceComputer ManufacturingAerospaceTelecommunicationsCredit Card ProcessingSoftware DevelopmentConsulting

• Officers

Officers responsible overall subcommittee management.

Task Group & Work Group Facilitators responsible for

their functional group.

Elections are Staggered.

• Administrative Positions

ChairVice ChairSecretary (3 positions by function)TAS Rep (2 positions incl. Alternates)PRB Rep (2 positions incl. Alternates)Liaisons (2 positions / N & C) as neededX12 Web Master Representative

• Subcommittee Voting

Task Groups strive for consensus of attendees

Formal votes require membership in X12 & Subcommittee

Task Groups record their single

disposition to Finance’s TG 10

Technical Assessment

2nd Consecutive Meeting

Constitution

www.x12.org

X12F:•Develops and maintains X12 EDI and XML standards including technical guidelines focusing on financial e-business 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 X12 EDI and XML standards across the financial services industry

Resources and Networking

ASC X12 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.x12.org

• X12 Documents & Terms

Transaction Set (TS)

Data Maintenance (DM)

TAS

PRB

SD2

OPM

TR1

TR2

TR3

• Data Maintenance (DM) Package

Indexes

DM Listing

Impacted Standards

• Mentor Program

Provide new members with assistance with understanding the workings of X12 F

New members share the experience of a first meeting with those more

seasoned

Type Session Day Time Finance X 12 F New Member Orientation Sunday 5:00 - 6:00 Finance New Member Orientation Wrap Up Sunday 6:00 - 8:00 General How To Get Around An X12 Meeting Monday 8:00 - 8:30 General Introduction To X12 Standards Development Monday 8:30 - 10:30 General Introduction To Modeling For Standards

Setting Monday 10:30 - 11:00

General Introduction to X12 Mapping- An Overview Monday 2:00 - 4:00 General X12 Design Rules Tuesday 8:00 - 9:00

Typical Educational Schedule

• Task Groups & Work Groups

TG1 Financial Standards Development

TG1/WG1 Financial Implementation Guide Review

TG1/WG5 Financial XML Development

TG1/WG6 Reassociation Best Practices

TG1/WG7 XML Harmonization

TG2 Energy & Utility

TG2/WG1 XML Development

TG2/WG2 XML Development

TG2/WG3 X12 E Subcommittee Organization & Administration

TG10 Technical Assessment

X12F Transaction Sets

Business Credit Report156 Entitlement Payment Recipient

account Inquiry/Response248 Account Assignment & Service

Status810 Invoice811 Consolidated Invoice/Payment812 Credit/Debit Adjustment814 General Request, Response or

Confirmation819 Operating Expense Statement820 Payment Order/Remittance

Advice823 Lockbox824 Application Advice827 Financial Return Order/Return

Notice828 Debit Authorization829 Payment Cancellation Request831 Application Control Totals844 Product Transfer Account

Adjustment849 Response to 844880 Grocery Products Invoice

X12F Transaction Sets821 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

205 Mortgage note

206 Real Estate Inspection

208 Income Proper Appraisal Report

209 Condominium Appraisal Report

245 Real Estate Tax Service

X12F 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

269 Mortgage or Property Record Change Notice

775 Broker Price Opinion

833 Mortgage Credit Report Order

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 ??

Internet

CICA

XML

Cross Border Transactions

IFX

Cooperation with other Standards Bodies

Wrap Up

Close

WE TRAINED HARD ... but it seemed thatevery time we were beginning to form up

into teams we would be reorganized. I wasto learn later in life that we tend to meet any

new situation by reorganizing - and awonderful method it can be for creating the

illusion of progress while producingconfusion, inefficiency and demoralization.

PETRONIUS 210 B.C.