Electronic Data Interchange (EDI) provides many benefits to businesses; the most significant benefit is cost savings. EDI is the electronic transmission of business documents including invoices, Advance Ship Notices (ASNs) and purchase orders between two or more organizations, eliminating the need for manual data entry. The process can be done in four easy steps using
Electronic invoicing, or e-invoicing, is a form of electronic billing used by customers and their suppliers. Creating invoices the traditional way is an extensive paper-based process and manually intensive. It’s prone to human error which can result in increased costs and prolong processing. Many companies already do some Electronic Data Interchange (EDI) along the supply
Chargebacks (often referred to as “expense-offsets) are financial penalties for non-compliance with your customer’s requirements and can ruin even a successful business. They are annoying and most of the time their fees come without warning. While it may seem like chargebacks are inevitable, there are ways that can help you stop them before they affect
Are you getting bogged down with EDI details? Are you struggling to manage your EDI operation? Are your IT resources being taken away from important projects because they are busy updating EDI maps or troubleshooting failed transactions? If the answer to these questions is YES, then you may want to consider looking into Managed Services.
Whether you are a supplier, distributor, or retailer, choosing the right EDI partner can be daunting and challenging. Finding the right EDI provider can mean the difference between improved processes and cost savings or a high level of frustration because they couldn’t meet your EDI goals. When looking for an EDI Partner, ask these six
In today’s world of viruses, spyware, hacker attacks and more that plague many companies who do business across the country and oversees it is important that you keep your network and data secure. Unfortunately, this is not always a top priority for many companies due to budget constraints, lack of IT resources and other factors.
Many companies were blessed in 2018 with an increase in orders as well as shipment notices, invoices, and other documents. The sales increase is great, yet the higher transaction count could shine a light on potential problems with an EDI system. With 2018 behind you, it’s the perfect time for a review of your EDI
Have you been assigned the task of choosing an Electronic Data Interchange (EDI) solution or a new provider to supply it? Many companies are choosing to outsource their EDI needs to an EDI provider versus managing their EDI capabilities internally. As you take on this quest, there are several areas that should be addressed:
As you finalize your 2019 budget, knowing what to budget for maintaining your EDI department and functions can feel daunting. It doesn’t need to be! Your business processes are unique and your budget is tight. Despite this, you must process EDI quickly and reliably at a time of high stress with a lot on the
As you plan your 2019 budget, investing in the modernization and expansion of your EDI/B2B Integration systems may be on the horizon. There are many considerations that would prompt an upgrading and/or migration. Some key factors are: New trading partners New EDI compliance requirements Business growth demanding automation instead of manual processing EDI platform requiring