EDI Software helps automate and secure data transfer or communication between two or more remote desktops.
Electronic Data Interchange or EDI software helps businesses exchange files or information. Various data used by companies for exchange can be healthcare records, invoices, purchase orders, etc. EDI automates and improves business processes such as order processing, supplier deliveries, customer shipping, etc.
EDI Software has the following four major components:
Following are some of the benefits or advantages of EDI software:
Manual order processing requires you to enter, file, and compare data, which takes more time. EDI automates these processes and speeds up business cycles. Order-to-cash and Purchase-to-pay cycles are accelerated multiple times.
EDI reduces transport industry dependency on paperwork, leading to a reduction in CO2 emissions. It is environmentally friendly and thus promotes corporate social responsibility. Reducing paperwork also reduces the costs involved in printing, reproduction, storage, filing, postage, document retrieval, and complaint handling.
How EDI helps in cost saving:
Manual processes are prone to errors resulting from incorrect document handling and handwriting errors. EDI helps reduce errors and transactions. It allows businesses to improve data quality, business-partner transactions, and relationships.
EDI solution ensures that B2B critical documents and shipments are delivered safely and promptly. The software helps to improve cash flow. Automating paperwork helps businesses concentrate on high-value tasks and reduce the re-work of orders.
With the help of EDI, businesses can adopt a demand-driven business model instead of a supply-driven model. It helps companies to enable real-time visibility into transaction status and meet customer and market-changing demands. The software supports businesses in covering new markets and entering new territories.
One of the benefits of using EDI is faster deliveries, tracking orders, etc., which increases customer satisfaction and helps businesses retain their customer base.
EDI helps businesses predict the amount of stock they will need to meet customer demands in the near future. It then helps manage stocks smartly, cutting storage costs and saving money.
EDI secures data transfer across various communication protocols and security standards and thus enhances transaction security.
Following is a list of the best EDI software this year:
Cleo Integration Cloud (CIC) is a top-rated EDI solution that automates every EDI process, onboards partners quickly, and enhances visibility. CIC supports businesses of all sizes, from small and medium-sized businesses to the world’s largest enterprises.
Jitterbit is one of the best platforms to streamline business processes and transactions. It automates business processes and allows them to manage retail/manufacturing, distribution, and supply chain management.
Following are the key features of Jitterbit:
The platform helps businesses to connect with trading partners and manage them. It manages outbound or inbound transactions and supports cloud-or on-premise ROI insight.
TrueCommerce is an EDI software that helps businesses automate and streamline business processes. It allows companies to expand globally and stay connected across the supply chain.
Following are the key features of TrueCommerce:
TrueCommerce helps businesses to track information and stay updated with online orders. It supports integration with other applications to eliminate manual data entry, reduce errors, increase accuracy, and more.
As 1EDIsource, Epicor integrates electronic data transfer in formats like XML, CSV, web services, direct ODBC, etc. The platform can be used as standalone or through managed services, thus providing businesses with choices according to their requirements.
Following are the key features of Epicor:
The platform is ideal for small to medium-scale businesses. It helps companies to streamline operations with trading partners.
Bebelway with innovation their objective automates data flow between businesses seamlessly. It provides and supports easy B2B integrations.
Following are the key features of Bebelway:
The platform offers various API connectors to meet business requirements. It provides easy connection with ERPs (SAP, Oracle, Microsoft), Amazon AWS, etc.
EDI (Electronic Data Interchange) software helps businesses share and exchange data between two systems seamlessly. As the pandemic hit, companies understood the importance of going paperless, and EDI played a crucial role. It allows organizations to do business from anywhere at any time.
We have listed the best EDI platforms in the above sections. Review all the features of these platforms and choose a platform that best fits your business needs and requirements.
You may also look at some of the best eSignature platforms to take you one step further in going paperless.
ContributorKritika holds a degree in Computer Science and Engineering and worked as an assistant software engineer for a year and a half at Accenture. She then discovered her passion for content writing and copywriting and has worked with many companies and agencies to help them strengthen their online presence. She has over 4 years’ experience in content writing. Her expertise lies in writing content for popular B2B and B2C topics – enterprise software, DevOps concepts and tools, digital marketing, artificial intelligence, e-learning, e-commerce, e-business and more.
Was this helpful? Thanks for your feedback. Thanks to our partners More on CollaborationFind and compare business software insights to increase efficiency, streamline operations, enhance collaboration, reduce costs, and grow your business.
© 2024 Geekflare LTD. All rights reserved. Geekflare® is a registered trademark.