Electronic Data Interchange is a standard electronic format that replaces paper-based documents such as purchase orders or invoices. By automating paper-based transactions, organizations can save time and eliminate costly errors caused by manual processing.
In EDI transactions, information moves directly from a computer application in one organization to a computer application in another. Data can be shared rapidly instead of over the hours, days or weeks required when using paper documents or other methods.
There are 5 key business benefits that EDI technology delivers:
– EDI technology saves time and money through automation of a process previously manually executed with paper documents.
– EDI solutions improve efficiency and productivity because more business documents are shared and processed in less time with greater accuracy.
– EDI data transfer reduces errors through rigid standardization, which helps to ensure information and data are correctly formatted before they enter business processes or applications.
– EDI integration improves traceability and reporting because electronic documents can be integrated with a range of IT systems to support data collection, visibility and analysis.
– EDI automation supports positive customer experiences by enabling efficient transaction execution and prompt, reliable product and service delivery.
You can read more about Electronic Data Interchange here.
You need more details about automating your business processes?
Teknita has the expert resources to support you. Contact us now to kick off your planning with a complimentary assessment with our experts.
0 Comments