Businesses are presented with issues due to errors that come with handling data manually. EDI will enable your business to gain a competitive advantage by transitioning from producing paper based documents to electronic documents. Hence, reducing costs, increasing accuracy and efficiency.
Electronic Data Interchange is the computer to computer exchange of business documents in a standard electronic format between a customer and supplier.
Data quality will be improved with at least a 30-40% reduction in transactions with errors (Benefits of EDI).
EDI will reduce or eliminate paper reproduction, storage, filing, postage, and document retrieval.
Quick processing of accurate business documents leads to less re-working of orders, fewer stock outs, and fewer cancelled orders.
Mapping is an important feature of EDI because it creates unity between trading partners.
Stronger relationships are built between business partners due to the accuracy, and efficiency in data that EDI provides. Edible Software has a partnership with EDI provider, SPS Commerce, to make your day to day business tasks more efficient. Our EDI module allows for the transactions of 850 Purchase Orders, 810 Invoices, 832 Price/Sales Catalogue and 855 Purchase Order Acknowledgement.
Edible Software’s EDI module allows for the transaction of:
Purchase Orders used in retail for order products to be shipped to a DC/store or end consumer. Can contain a single ship to provided marked for/ cross dock packing details.
Invoice used by retail where supplier requests payment for products or services rendered.
Price/Sales Catalogue used in general retail to obtain supplier item information and load to their item master file for new good, item updates or discontinued product notification.
Purchase Order Acknowledgement used by retail as an acknowledgement of the purchase order. Also used by retail and grocery as a suggested PO from the supplier to the buyer for Vendor Managed Inventory (SPS Commerce).
Accounts Receivable in Edible Software allows your customers to send a Purchase Order from their system to Edible Software in which a Sales Order in Edible Software is created. Edible Software will also send an invoice to the customer and an electronic price list.
Accounts Payable allows vendors to receive purchase orders, invoices, and prices into Vendor Item Specifications through Edible Software.
Businesses that do not use EDI are at a disadvantage because of the expenses and errors that come with handling data manually. EDI will enable your business to gain a competitive advantage by transitioning from producing paper based documents to electronic documents. Hence, reducing costs, increasing accuracy and efficiency.
EDI also offers businesses the opportunity to cut costs, which increases profits. Errors in manually entered data can lead to delays in shipping and possible chargebacks. With EDI, manual entry can be reduced, increasing productivity and better control over your operations.
Productivity is imperative to the success of any business. Edible Software’s EDI module will enable your company to have a competitive advantage. EDI will strengthen your relationships with business partners and increase your customer base. Please give us a call for more information on how EDI can increase your gross profits.