EDI Software is the driving force behind the powerhouses of B2B companies today. However it is no longer just for large businesses. In fact, even SMEs now have access to EDI and all its benefits, including:
- Faster Commerce
- Cost Saving
- Greater Data Accuracy
- Improved Productivity
And much more!
With all of that in store for you, let’s break down exactly what is EDI – and why your business needs it.
What Is EDI Software?
In today’s world of varied technology, things can be complicated. At university, the biggest problem for assignments was understanding whether or not you could use a pages or a docx format for your dissertation.
But when it comes to B2B companies there is a whole smorgasbord of technological options available.
Unlike at university, in business there is no room for confusion. You need to process orders, collate invoices, stay up-to-date on inventory and manage shipping notifications. There is simply no time or room for miscommunication.
This is where EDI comes in.
In layman’s terms it sets up a “conversation” between two endpoints, regardless of the systems being used. Between businesses this means that it:
- Establishes protocols, documents, transactions and endpoints for data exchange
- Converts data into your own back-end formats for company use
Simply put, with EDI software you can change this sort of interaction:
The Benefits Of EDI Software
When we say that EDI Integration is simply a “conversation” between two businesses filling out an order, it sounds quite simple doesn’t it? Just one of the many top eCommerce strategies around.
However this brings about an enormous amount of benefits for B2B and small business. So let’s take a look at exactly what EDI can offer you.
Integrated EDI completely revamps your entire supply chain. As it processes near-instantaneous information between companies, your business becomes more efficient immediately.
No more back-and-forth emails and follow-up messages, no tedious manual input and zero last-minute deadlines to confirm with partners. In fact, Matson Logistics actually lowered their transaction costs by 35% by using EDI alone!
Just pure, automated information across your business dealings.
Every business, large or small, has administrative costs. Paper, printing, postage, storage, filing, document management etc.
With EDI software you immediately reduce your overhead and administrative, resource and maintenance costs.
Greater Data Accuracy
EDI removes the need for manual data entry immediately of course. With EDI software human fallibility is removed, but it doesn’t stop there.
Even if your employees print out invoices and shipping orders perfectly, there are still some data points that can cause serious issues between B2B companies. These include:
- Inconsistent Formats
- Dates as DD/MM/YYYY or MM/DD/YYYY)
- Numerical Disagreements
- Values are in alternate decimal places, or use commas instead of full-stops
- Inconsistent Formats
- Formatting Errors
Without the need for manual data entry (and of course double-checking for errors) suddenly your employees have a great deal more time on their hands.
Now your team can put that time to better use in other aspects of the business without dealing with the mundane, time-consuming tasks that have otherwise preoccupied their working hours!
The Myths of EDI Software
The truth is – there are none. Only advantages.
However, you may have heard some myths around EDI software, so we will clear those up for you now.
Myth #1 “It requires a huge amount of coding experience and a large team to support”
Truth: Fully integrated EDI solutions do not require this. These tools are designed to make businesses run smoother!
Myth #2: “To scale up your business you need to constantly change your EDI solution”
Truth: The right EDI solution is fully scalable with your business. As your business grows, so too does the EDI
Finding The Right EDI Software
Your business needs EDI. With the amount of advantages on offer to both B2B and small businesses, you need a solution that not only integrates easily, but is flexible and will scale up as your business grows.
Not only that, but you also need one that provides top-level security for all your communications!
That is why you need our EDI solution.
It is one of our top-performing products that is ready to help businesses like yours all across the online business world to make the most out of their company.
Say goodbye to data errors, delays and miscommunications in your day-to-day business endeavours and push forward to scale up your business in no time at all!
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