Top 5 Advantages of EDI

Question: My consultant says that I should consider using a fully integrated EDI solution to exchange documents with my trading partners. What are the advantages of using EDI? 

Answer:  EDI has many advantages for both suppliers and vendors. A fully integrated EDI solution can help automate the supply chain process while at the same time dramatically reducing errors and chargebacks. At B2BGateway.Net we have studied the user habits of thousands of our EDI clients and have come up with the following top 5 advantages as outlined by our clients:

1. Speeds up the entire ‘Order to Payment’ cash cycle - i.e. you get paid much faster from your customers as they have your invoices and data faster.

2. To receive a Purchase Order (PO) from your Trading Partners (vendors) takes minutes rather than hours and/or days.

3. Fully Integrated EDI will also integrate seamlessly with your 3PL (Third Party Logistic Provider), Manufacturer, Online Shopping Site(s) and Box Store Retailers automating your entire business document flow and improving your supply chain processes.

4. Greatly increased accuracy levels - Fully Integrated EDI for removes the need for manual data entry to your Accounting/ERP software (Sage, NetSuite, QuickBooks, Intacct etc.). This substantially reduces errors associated with human data entry, lowers labor costs and eliminates chargebacks.

5. Reduction of paper improves our environment and reduces your postage and stationery costs. 

Written by Louisa Gooding, Director of Sales & Marketing at B2BGateway.Net 

About B2BGateway.Net: B2BGateway.Net is a leading global EDI (Electronic Data Interchange) provider with offices in North America, Europe, Scandinavia and Australia. B2BGateway.Net is a GS1 Accredited solution provider and offers 24/7 dedicated customer support with each client assigned their own designated Support Engineer. B2BGateway.Net EDI solutions integrate seamlessly with Sage, NetSuite, QuickBooks, Epicor, Intacct and many, many more Accounting/ERP software applications. Our EDI solutions are flexible and adaptable, catering to any organization from the sole trader to the multinational corporation. For further information please call +1 (401) 491 9595 or log onto www.B2BGateway.Net