EDI, Electronic Data Interchange, is a technology that allows business users to automate intercompany business processes that take place between them and their partners or customers. As companies rely on this method to drive data exchange, organizations can cut down the manual work required. That, in turn, simplifies the transmission of information for purchasing, invoicing, order processing, advanced shipping notices, and creating cost savings and efficiencies.
Terminologies Involved in EDI
There are a plethora of EDI integration solutions that you can use to facilitate better data exchange and ultimately value.
Let’s explore each:
EDI Mapping: EDI mapping software solutions enable users to convert standardized forms of EDI into a format that fits the new technical environment.
EDI Integration: EDI integration solutions help users foster EDI workflows and operations across myriad trading partner ecosystems.
EDI Middleware: EDI middleware solutions provide services to multiple EDI applications that are residing in and outside the system. Consider them as the software glue.
EDI Translator: EDI translator tools allow users to process EDI data from one format to another.
Continue to Get Pushed to the Limit?
Even though organizations are relying on EDI, myriad expectations and needs that come along with it are complicating the process. For example, logistics organizations are striving to achieve more control over their digital processes. Likewise, manufacturing companies aim for gaining greater visibility into supply chains as well as retailers strive to streamline their omnichannel sales and fulfilment processes.
Not all the EDI strategies that you employ can accommodate all use cases. Having a one-size-fits-all approach is not possible. However, a modern data integration solution with supercharged EDI capabilities offers far more of what you really need.
EDI tools can either be productive or not on the basis of the outcomes you want to achieve. With these next-gen solutions, you can resolve a point-to-point connectivity problem, for example, is short-sighted.
A lot of tools available in the market offer common capabilities. These tools can:
∙ Ensure standards compliance across different file formats
∙ Facilitate data movement, translation, and cleansing
∙ Support data transformation/data mapping
Despite the fact these capabilities help users drive data exchange and transactions, there are some shortcomings too:
- IT teams have to devote weeks to code and map data – and that’s time-consuming and costly.
- Visibility takes a dip, and so accessing as well as analyzing data, in various formats, is a difficult process.
With these limitations, chances are your business would go down the rubble. By using a modern EDI integration platform can push their limits and drive the business forward. This solution allows you to gain the visibility and control you need for your business to seamlessly operate, forestall disruptions, and rapidly scale.
Why Modernizing Your Approach is the Only Way
Modern data integration solutions play a vital role in transmitting EDI documents and transforming large streams of data to an internal format that can be ingested into their internal applications.
These solutions help you transform the way you do business with your partners and customers at speed and scale.
Here are some features that can enable you and your business users to facilitate faster transactions to deliver maximum value. To accomplish that, your EDI integration system must:
- Have a dedicated transaction network system that sends, receives, and encrypts EDI transactions to your EDI trading partner network.
- Have an in-built EDI translator that helps you transform transactions into a required format.
- Have an AI-enabled data mapping feature that enables you to map complex, bi-directional customer data feeds -securely and easily. AI-driven suggestions can be used to map data faster. That again speeds up integration productivity and your ability to create more value for your customers.
Organizations that haven’t still modernized their EDI systems can suffer from delays and inaccuracies during transactions and other data-driven operations. Not only will that lead to lost opportunities but also lost revenue. Using a modern solution that can supercharge EDI integration is the need of the hour. In doing so, you’ll be able to transform the way you transact and do business with your partners and customers. And enhance your supply chain performance and turn on a dime in a way that is efficient, secure, and reliable at the same time.