Electronic Document Interchange (EDI) Software:

(EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners. By moving from a paper-based exchange of business document to one that is electronic, businesses enjoy major benefits such as reduced cost, increased processing speed, reduced errors and improved relationships with business partners. EDI replaces postal mail, fax and email. While email is also an electronic approach, the documents exchanged via email must still be handled by people rather than computers. Having people involved slows down the processing of the documents and also introduces errors. Instead, EDI documents can flow straight through to the appropriate application on the receiver’s computer (e.g., the Order Management System) and processing can begin immediately.

Key Features of EDI software

When choosing EDI software to best suit the needs of your business be sure to consider the following;

• EDI Transaction Volume
• Integration Needs
• Business Resources
• Service and Support

How can EDI software Benefit your Business?

• It’s fast - streamlined business processes mean that documents can be exchanged in minutes.
• It’s accurate – manual data entry errors are eliminated.
• It’s secure – you receive confirmation that your documents have arrived safely.
• It cuts costs – of printing, copying, filing, storage and postage, and of repetitive, labour intensive tasks, administration and disputes caused by data entry errors.
• It happens in real-time – informing and speeding up business decisions and response times.
• It’s great for business – you’re part of a connected trading community and can build more productive relationships with suppliers and customers alike.
• It’s great for cash flow – payment schedules are shorter and more reliable.
• It’s flexible – you can integrate your EDI System with your back office accounts, warehouse or ERP systems for more business efficiencies.
• It’s liberating – you’re free to concentrate on high value tasks, like customer service, sales and marketing and product development.