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EDI ERP Integrated Solutions Significantly Improve Communication Flow
To function properly, a supply chain must have excellent communication. To interact and transact with big merchants, the majority of enterprises employ electronic data exchange (EDI). Did you know, however, that your EDI solution might be much more than just a cost of doing business?
The use of EDI ERP connectivity enables the industry standard for data and communication exchange between vendors and customers. Folio3’s cutting-edge ERP integration solutions can help you set up this smooth EDI ERP automated communication flow between your trading partners and accounting system. Integrating your critical systems will enable your firm to:
- Increase cash flow and reduce order-to-cash cycle time by passing documents over more rapidly.
- The ordering process will be sped up by automating document re-entry operations.
- Almost all human data entry errors can be removed with data automation.
- Customer relations can be improved by promptly and correctly resolving order and billing tickets.
- Real-time visibility into the status of your business transactions.
EDI vs ERP
ERP (Enterprise Resource Planning) is a type of system used to manage all relationships with external partners as well as information flow between all business functions within an organization. EDI, on the other hand, is merely a technique of document exchange between organizations.
EDI, which stands for Electronic Document Exchange, allows businesses to electronically communicate documents. It replaces paper-based records such as invoices and purchase orders. As a result, a company can use it to save time and avoid costly mistakes caused by human processing. Using the EDI protocol and a computer program, information can be sent directly between organizations. Data can now be provided instantly rather than over the course of days, weeks, or even months, thanks to this automated capacity. The majority of sectors today rely only on EDI connectivity to exchange documents such as purchase orders and invoices. The bulk of the time, firms exchange goods and services via their business-to-business networks, almost as if they were trading partners.
As an example, take ERP to be a computer and EDI to be a chat messenger like Skype or Yahoo. On a computer (ERP in this example), you can do a lot of things like browse the web, send emails, and edit Word documents. You can use a chat messenger to send messages to your friends or even have video talks with them (EDI in this case).
Folio3’s EDI ERP Integration Strategy
We at folio3 have realized that a one-size-fits-all approach does not work when integrating into diverse back-office systems. We take the time to design a customized integration plan for each customer based on their specific business processes, data setup in their current back-office system, and the EDI requirements of their specific trading partners. By architecting in advance how your business-critical systems will “talk” and share data, we can develop a set of business systems and processes that are much easier to update and maintain over time.
Meeting Statistics: How ERP and EDI Integration Promotes Further Growth
Working together, EDI and ERP can improve supply chain visibility for your company. Order processing can be faster, lead times decreased, the order-to-cash cycle enhanced and hastened, and onboarding of new EDI-enabled customers made easier in general.
Improved customer service
When EDI is utilized in conjunction with ERP, you will receive more effective and efficient customer service, which will increase customer satisfaction and income. You can use this EDI solution to reply to client inquiries quickly while also accurately and successfully resolving any processing or billing issues.
ERP integration solutions, when combined with EDI, completely eliminate all paper-based procedures for both customers and internal use. As a result, you may be able to engage with your trading partners more efficiently and exchange more information, lowering their procurement expenses and speeding up the overall purchasing process.
Higher Productivity and Sales
EDI and ERP technologies, when integrated, can assist your company to achieve exceptional business agility, higher data quality, and increased productivity throughout the fulfillment process. This will aid in the smooth transition to increased sales volumes while drastically reducing the amount of manual labor required of you and your personnel.
How We Provide Real ERP Integration Solutions to You
Folio3 has extensive experience connecting with all of the leading ERP systems on the market today, having done hundreds of back-office system ERP integrations.
Have difficulty locating your ERP system or developing a one-of-a-kind in-house back-office solution? We have over 30 years of experience in the EDI sector and have assisted with the integration of several specialized ERP and back-office solutions. Please contact us to discuss how we might assist you with your unique systems.
EDI ERP Integration Solutions that are extensively used
You do not need to purchase a new ERP system to comply with EDI. EDI Source can be integrated with practically any back-office system now in use via a number of data transfer strategies. We have linked EDI data with a variety of systems, some of which are listed here.