Your EDI (Electronic Data Interchange) solution plays a huge role in the productivity of your business. By definition, EDI is the computer-computer exchange of business documents. Your EDI solution is responsible for governing the exchange of business documents and data across an array of platforms and programs in a system that minimizes manual labor for your company.
This system is purposed to save you time, energy, and money. If any of those components are not significantly improved by your current EDI solution, it is unquestionably time for an EDI solutions health check by our experienced IT professionals.
How Does it Work?
Every bit of your company’s data is stored in your ERP system (Enterprise Resource Planning system). This information includes invoicing, billing, inventory details and things of the like. In some cases, your EDI solution will integrate with your ERP system to automate processing, transferring, and storing documents exchanged with other companies.
Your EDI solution uses data such as unique pricing and shipping addresses to facilitate trading between businesses. This data is extremely important when it comes to transactions between businesses and your EDI system is responsible for ensuring that requests from one party are compatible with the supplier’s information system so that the supplier can fulfill the orders that are placed.
You can view your EDI solution as a personal assistant. Except this personal assistant is assigned the task of making sure that your company transactions run smoothly and meet the guidelines of both parties involved in the transaction.
Benefits of an Effective EDI Solution :
There are a number of benefits to an effective EDI solution, below are just a few:
No Room for Human Error
You know you have an incredible EDI solution when the accuracy your current solution delivers is unquestionable. A good EDI solution won’t leave you wondering if any information was misinterpreted or wrongly implemented.
Optimal Security
Strictly accessible by designated authorized users, your EDI solution tracks usage through archives and audit trails to ensure maximum security.
Speedy Business Cycles
According to statistics, EDI can speed up your business cycles by 61%! Your EDI solution plays a critical role in ensuring that your business is operating at the highest efficiency possible.
Simple to Use
If your EDI solution is consistent and reliable, as it should be, it will be extremely simple to use. The easier your solution is to use, the less time you have to worry about any issues or having to manually handle anything.
Cost Effective
The expenses associated with manual document retrieval, organization, and management are significantly reduced at least 35% through an effective EDI solution.
EDI improves businesses on the strategic level, elevating productivity and efficiency. If your solution is not doing that for your business, or you are unsure if it’s doing that for your business, our EDI health check was made specifically for you.
Through our EDI Health Check, we help your company clarify what is best for its growth and what needs to be changed. Our EDI experts will notify you of how well your current solution is performing, then recommend solutions that would best suit your business and its needs.
Are you confident that your business is functioning at its absolute best?
Have our EDI experts find out by scheduling your no-cost EDI assessment today!
