How Can EDI Integration Grow Your Business ?

Electronic Data Interchange, or EDI, has been in use for several decades- as early as the late 1970s. Can you believe it ??

EDI is Electronic Data Interchange, which mainly deals with the exchange of documents between two companies in an electronic format. There are two key elements for EDI :

These two factors dive the businesses into the fast-paced world of EDI with swiftly responsive economies.

Image Source : oodleserp

In today’s hyper-digital business world, almost all the organizations are in the need to use EDI for B2B transactions. The ability to exchange exchange documents electronically has a wide variety of benefits to your business:

Among a handful of changes that Internet and Technology have brought in, speed of communication is one among the biggest revolutions. EDI is one such innovation that makes document exchange between companies much simpler.

2. Speed and Accuracy

3. Better decision making

4. Save Money and Time

The most important factor for any business is to save money and time. EDI costs just one third of what it costs for paper works. With EDI integration for your business, you can save :

So, if EDI integration is so crucial in meeting your customer demands in all ways, improving efficiency and streamlining processes, why wouldn’t an Enterprise utilize it?

EDI integration is important in preparing your Enterprise to be more scalable and agile with apt control over data. It is necessary for exponential growth of your business with a seamless information flow between trading partners.

Still dependent on an ERP without robust EDI capabilities, maybe it’s time for a heads-up!!

Don’t Let your ERP limit your business growth.

While years ago an EDI implementation might have taken 1000s of hours to map individual data to each other, today there are tools and processes that make this process seamless and simple.

Now, it will be easy for you to access a centralised pool of data — people in two different companies can view the same data at their respective locations which would have been once complicated with the paper documents of an earlier era. For example, a paper shipment order would inform a warehouse to ship product to a retailer. Now in each ERP system, an employee can view the same data with destination address, billing address, and the list of product numbers with quantities. Easy??

Whether you are a start-up or an Enterprise, the usage of EDI can result in saving cost and time. Manual communication concerning invoices and shipments requires a substantial amount of time. Automation of communications leads to swift TAT, less error and better reporting.

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