White Paper: ProcessPro
What is Electronic Data Interchange, or EDI?
Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners.
This whitepaper brings you the benefits of Electronic Data Interchange solution in simplifying your business transactions, saving time and money by eliminating paper documents, and improving overall customer satisfaction.
How does the process of EDI application actually work?
What are the things that should be included in your purchase and partnership when choosing an EDI application?
What is the key hindrance to a successful implementation of EDI?
Download this informative whitepaper to find out how your business can run more efficiently and effectively with implementing an EDI solution.
By: Direct Commerce
As the electronic invoicing market becomes more saturated in large companies, the small and medium enterprise (SME) market, those with annual revenues under $250 million, continue to open up. Over the past year, PayStream analysts witnessed an increase in electronic invoice (eInvoice) adoption among SME’s, as well as an increase in workflow automation. New and improved innovations in eInvoice functionality including Software-as- a-Service (SaaS), free supplier portals, dynamic discounting and mobile transactional capabilities are the driving forces behind the increase in adoption in the middle market. More SMEs are now reaping the benefits that the large early adopters did, including reduced processing costs, increased invoice approval cycle times, improved cash management, and increased visibility, to name a few. In addition to more companies or (buyers) implementing eInvoicing, PayStream survey results reveal that eInvoice adoption has been of keen interest among suppliers. The number of suppliers that no longer submit paper invoices and have converted to eInvoicing has increased dramatically. Today more suppliers send more invoices to companies in electronic format that do not require data entry, resulting in a more efficient and cost saving invoice process. Solution providers are now catering to suppliers with aggressive supplier on-boarding programs and easy to use supplier portals. More eInvoicing providers are offering their services to suppliers at no-cost, in an effort to build their supplier networks and keep buyers and suppliers connected across the globe.
The technological platforms such as cloud, big data, telecom industry, and social media are engaging towards better customer service, workforce collaboration, and cost efficient means. It is essential to address the maximizing of IT infrastructure and the efficiency of physical data centre in order to intelligently monitor the availability of resources. The Data Center Infrastructure Management (DCIM) system allows for an intelligent edge that can spell the difference between success and failure to an organization. Organization that spends efficiently on its resources always gains a competitive edge to its competitors. Find out more about the DCIM systems and enhance your business productivity through the White paper below to address your concerns: Does my data center perform to the optimum levels of efficiency? How will DCIM systems bring innovation and competitive edge to my organization? Is the space utilization and connectivity tracking of the data center equipment getting hampered?
What is Database ?
Database is a concise and arranged collection of similar data that is usually accessible to many simultaneous users. Database can be stored on a system and examined by a program called database management system (DBMS). One of the most important aspects of a DBMS is its relational model which is also known as relational Database management system (RDBMS)
What is Data Management ?
Data management is the development and execution of policies and procedures in order to manage the information lifecycle needs of an enterprise ensuring the accessibility, reliability, and timeliness of the data for its users. Data Management enables organizations and enterprises to use data in: Organizing the enterprise data, Storing and preserving data for future re-use, Making data ready to use anytime, Share data with colleagues
What is electronic data interchange ?
Electronic Data Interchange (EDI) is a method to transfer data across different computer systems or networks in order to track shipments, create invoices, and send orders to warehouses and more. By moving from a paper-based exchange of business record to electronic business records, organizations appreciate significant advantages, for example, decreased cost, expanded handling speed, lessened mistakes and enhanced associations with business partners.