If you have multiple departments around the world or suppliers who use a different currency, EDI can help you make all of your transactions flow easier.
Why should you, as a business owner, choose EDI for your business? I’m sure you’ve heard plenty of good things about EDI and why your company should invest in it.
The question is whether you should handle it internally with your own resources or partner up with a provider.
First, let’s look at your company and the needs you might hear in the hallways:
- Customers are asking for EDI
- Your foreign suppliers are already using EDI
- Employees are tired of manually entering orders
- Documents need to be sent quickly to your shipping company
- Customs and tax authorities require standardized documentation
Work Closely Together
Globalization is making it imperial that we have a standardization of documents. Therefore, EDI formats are more important than ever, as they allow companies to communicate across geographical borders and industries in a uniform manner. This opens up the possibility of expanding business activities globally and collaborating with different partners and suppliers.
Your company can avoid manual data entry, significantly reducing error margins. If you’ve ever had to send a few pallets with the wrong goods, you know the subsequent costs of manual handling and the international shipping.
Improved Customer Satisfaction
By automating business processes, your company can provide a more reliable and efficient service to your customers. You’ll also achieve faster transactions — in seconds or minutes. With fewer errors, you contribute to improve your customer satisfaction through quicker and more responsive trade, strengthening your customer relationships.
EDI should not be a new IT task. Instead, it should be a tool for your employees, salespeople, and accountants, allowing them to see whether a document has been sent or received.
EDI gives you the ability to track your documents. If you have a direct connection to your partner’s EDI system (as you would with us), you can achieve precise tracking of documents and transactions in real-time. Overall, implementing EDI helps modernize your business processes, increase efficiency and competitiveness, and reduce costs and risks.
So, are you planning to expand your business abroad? Make sure to implement EDI in your company, so you’ll be able to easily receive and send invoices across borders.