Top 4 Myths About EDI You Should Stop Believing Today

Businesses are striving hard to stay ahead of their competitors and technological solutions are helping a lot in the whole process. Electronic Data Interchange is one of the most popular solutions used by businesses to stand out in the crowd by making their operations more efficient and productive. EDI is being used since its dawn in the 1970s but there are still some myths and misconceptions prevailing about the process.

What Is EDI?

Electronic Data Interchange allows a computer-to-computer transfer of electronic documents between businesses. EDI brings in an array of advantages with it. It helps businesses to make their operations efficient, both in terms of cost (cutting paper and labor costs) and time. EDI offers better management of critical business transactions by transferring documents without any delay.

Demystifying Top Myths About EDI

No matter which EDI software you use – Gentran EDI or OpenText BizManager, you need the help of expert EDI consultants to ensure complete health in your electronic trading partner community. In spite of such benefits and more, there are myths about EDI that you should stop believing today. Here are a few of them.

It Is TOO Complicated.

This is one of the most common myths people use to avoid incorporating technology in their operations. Be it an automation software, a task scheduling tool or Electronic Data Interchange, business owners call them too technical and avoid using it. There have been many reports proving that businesses who couldn’t digitalize with time got swept off the market. EDI Software is very easy to implement and, with Data Integration Specialists’ Senior Level consulting group, can conveniently be used to boost the efficiency of your business to a great extent.

Data Is Not Safe When Transferred Through EDI.

Your business’ data is one of the most important assets and every provider of EDI Software understands this. EDI Software gives you the control to decide who will have a document’s access and who will not! This helps you to exchange data (documents) with business partners and vendors with the required security.

You Need To Start Afresh When Implementing EDI.

This is one of the most asked questions we get from our businesses. They are usually concerned that they would have to start from scratch if they wish to start using EDI in their business operations. Well, this is completely a myth. You can incorporate EDI to your current system and start benefiting from it straight away.

It Takes Time For Employees To Adjust To The New System.

No matter which EDI Software you use – IBM Gentran EDI or OpenText BizManager, Data Integration Specialists offer consultants that understand EDI infrastructure and help IT employees adjust to the intricacies of an EDI implementation. Besides, the whole concept of using technology in your business operations is to make it convenient and productive. EDI software definitely has an easy learning curve and, with the help of consultants from Data Integration Specialists, it takes no time for employees to get used to the software.

There are some of the most common myths about EDI prevalent in the market. Ignore these myths and start using EDI in your business operations today!

Data Integration Specialists is a group of expert EDI consultants who can help you to make the most out of your EDI Software. Curious to know more? Call at 612-840-6753 or fill in this form to contact us right now!

Why OPT for EDI Instead of Manual Processing

An Increasing number of businesses are ditching traditional manual processing and opting for EDI. They’re either buying their own software through EDI software providers or using outsource services. The question that arises is, why? Now that we can get trained human resources for every detailed task, why opt for software and systems to do the same?

Here are few reasons why more businesses are opting for EDI:

Cost Efficient

Although there are trained professionals available for processing your business data, the compared investment in EDI software is cheaper in a long run. Manual processing includes not only labor cost,  but printing, filing, administration, mailing and in many cases, repeating these same costs in the same transactions. EDI exchanges the documents automatically and unattended from system to system which saves you cost on everything in each transaction and cuts the per transaction cost dramatically.

Time Saving

In any business, time is of utmost importance, and that is why EDI is becoming the preferred choice for a better processing between business trading partners. In manual processing, every step of transaction includes the employee feeding the data manually into the system to go to the next step. This way, transactions can take days to be completed. On the other hand, EDI requires no manual data entering at each step making the entire process effective and efficient. The per transaction time consumption reduces from days to minutes ultimately leading to more transaction volume in the same amount of time, less cost and better return on investment.

Accurate

One of the prime reasons why EDI is becoming the preferred choice is that it reduces the error rate to negligible. Manual data entering can include errors like re-entered keys, or missed details or even mistyping. EDI cuts out the chances of such errors. Reduced error rate translates to improved quality of the data as well as no requirement of any redoing data processing or the orders which in turn contributes to better business relations.

Real Time Updates

While manual data processing takes days to complete a transaction and update the status, EDI software is capable of real time status update, making the entire transaction smoother. Moreover, the businesses are more informed of the current status which can help them be more responsive towards any changes or issues in the transaction. A timely and well informed response makes business relations stronger thereby increasing orders and profits.

Corporate Social Responsibility

One of the subtle yet important benefits of EDI is that it helps save a lot of paper, which can be an important part of green strategy of the business. Your business can become more sustainable through this ecological choice which is an important part of corporate social responsibility.

With a better, faster and cost efficient data processing system, not only can the business flourish, but also work smoothly internally. Real time information updates can help make better business strategies and quality decision making is the key to a successful business.

Data Integration Specialists provides you a complete EDI solution to cater to all your data exchange needs from integration to implementation to support system. We are your one stop solution for better e-commerce throughout your business.