by Debra Garls
Electronic Data Interchange (EDI) is growing in popularity with businesses worldwide. With EDI, you can automate processes, minimize errors, decrease response times, reduce costs and more!
This is a summary about EDI so you can see how your company can benefit from it.
Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents–such as purchase orders, delivery receipts and invoices, in a standard electronic format between business partners. Exchanging documents electronically increases the speed and visibility of the transaction and eliminates the need for faxes and mailing paper documents.
According to a market report by Dart Consulting, the estimated market size of EDI is projected to reach as high as $2.1 billion by 2020. Some advantages that might explain the sales growth of EDI software are:
Purchase Order Process with Traditional Document Exchange
The average time to process a purchase order is approximately three to five days, and requires the buyer to mail the purchase order to the supplier and wait for the supplier to receive it and enter it into their system.
Purchase Orders with EDI
The EDI purchase order process typically takes less than an hour, and sometimes just minutes! With EDI software, the buyer creates the purchase order and automatically transmits it to the supplier where it is entered immediately into the supplier’s order entry system.
The SAP standard is to only send suppliers the purchase order or query. However, SEAL System’s extension makes it possible to automatically send additional documents with purchase orders. You can compile all relevant documents and SAP forms, and automatically add stamps, watermarks and barcodes to your purchase order. This means you no longer need to waste time searching for all the relevant documents that you need to include with a purchase order.
* Source: EDI Basics
Your email address will not be published. Required fields are marked *
Comment
Name * Email * Website Save my name, email, and website in this browser for the next time I comment. * = Required field
Email * Website Save my name, email, and website in this browser for the next time I comment. * = Required field
Website Save my name, email, and website in this browser for the next time I comment. * = Required field
Save my name, email, and website in this browser for the next time I comment.
* = Required field
Debra Garls
As a SAP Business Development Manager, Debra Garls, seeks to help companies automate, secure and streamline the process of distributing valuable documents throughout the enterprise. Ensuring the right documents get to the right place, in the right format, at the right time. info@sealsystems.com
View All Events