What Are The Benefits and Features of Electronic Data Interchange Solution?
Speed- One of the most highlighted benefits of EDI is the increased speed of transactions. If a business is using paper documents, then it may take it days to transport from one location to another. In addition to this, manual data interchange is a very time-consuming process as it involves processes like keying and filing. Through EDI, all such hassles are wiped out, and you are able to boost the speed of transactions. EDI boost your transaction speed by 61%. Accuracy – Errors are a part of human nature. That is why the manual data interchange process is vulnerable to errors. But, with EDI, you can attain maximum accuracy, and that’s why it is preferred over traditional data interchange solution. EDI solution wipes out keying and rekeying errors, illegible handwriting, and incorrect document handling. Business efficiency- With minimized human errors, firms are able to harness the advantages of an increased level of efficiency. Instead of focusing on mental and tedious tasks, employees can invest more time in jobs with a higher value. It has been seen that EDI can improve a business customer’s relationship because of the quicker delivery of goods and services. Cost-effective- Another significant advantage of EDI is cost-effectiveness. By using EDI, organizations’ have witnessed a 35% decrease in expenses related to printing, storing, processing, papers, reproduction and documents retrieval.