Edi Software, 4 Reasons Why They Are Important, 7 Solutions
EDI software allows businesses to exchange data with other organizations electronically. It’s a powerful way to streamline operations and reduce costs. Here’s a look at how EDI software works, along with seven of the best solutions on the market today.
EDI (Electronic Data Interchange) Explained
What is Electronic Data Interchange (EDI)? EDI is a means for organizations to transfer data electronically, rather than through paper documents. It’s a secure way of exchanging information and performing transactions between two different companies or systems. EDI systems help automate the process by converting data into electronic documents that can be sent and received quickly and accurately.
4 Benefits of EDI software
EDI software provides significant benefits to businesses, including:
- Increased efficiency – EDI eliminates the need for manual entry of data and can save time by reducing paperwork.
- Improved accuracy – By automating transactions and eliminating manual errors, EDI ensures accurate data exchange between companies.
- Reduced costs – Companies can save money on paper and postage costs, as well as labor costs associated with manual data entry.
- Improved customer service – By streamlining the transaction process, businesses can improve their customer service by providing faster responses to inquiries and orders.
What type of businesses can benefit from EDI?
Many industries can benefit from using EDI systems, including healthcare, automotive, retail, manufacturing, and banking. EDI is widely used in the retail industry to facilitate transactions between suppliers and retailers and is also used in the healthcare sector to send patient data between hospitals and insurance companies.
7 Best EDI Software Solutions
What features should the best EDI solutions include? There’s a myriad of options on the market but typically for any software, it’s always best to pick the ones that are best suited for your needs. In the following section, we’ll break down what common EDI solutions
TrueCommerce
TrueCommerce is an industry-recognized, cloud-based EDI system that caters to businesses of all sizes and helps them keep up with digital transformation. Their end-to-end EDI solution offers a suite of features designed to reduce administrative costs, streamline business processes, and improve customer satisfaction.
Some of the best features include connecting with any trading partner regardless of their size or systems; automated order creation; powerful analytics that can track orders in real-time; advanced process automation; integrated full-stack support services; and comprehensive data security measures. With Tru eCommerce’s EDI solution, businesses can gain valuable insights across their supply chain while saving money and resources at the same time.
TrueCommerce offers a free trial.
SPS Commerce
SPS Commerce is a global leader in EDI (Electronic Data Interchange) solutions. Their software will seamlessly connect businesses with their trading partners, making it easier than ever to manage inventory and sales.
Some of the best features offered by their EDI solution include secure end-to-end encryption so data remains safe; support for hundreds of trading partner connections; integration with popular ERP and accounting packages; automated order processing so orders are quickly and accurately fulfilled; built-in analytics features to track performance and make better decisions; plus an excellent customer service team to provide ongoing help and advice.
With SPS Commerce, you can save both time and money while enhancing your workflow and reducing human error.
SPS Commerce offers a free demo.
Epicor
Epicor is an enterprise resource planning (ERP) software solution. It helps businesses run more efficiently by streamlining their processes and data. The Epicor EDI (electronic data interchange) solution makes it easier for businesses to send business documents, such as purchase orders and shipping notices, electronically without having to worry about manual errors.
Their EDI solution also helps improve the accuracy of documents and reduces the costs associated with hiring extra staff for data entry. In addition, their EDI solution ensures error-free document routing and secure exchange of data over the internet with their advanced encryption protocols.
With their intuitive design, users will find setting up templates for EDI transactions a breeze. Epicor’s EDI solution allows businesses to save time and money while improving customer satisfaction through faster processing of documents.
Jitterbit
Jitterbit is an intelligent integration platform that helps companies build easier, faster, and more cost-efficient EDI solutions. Jitterbit makes it easy to integrate enterprise applications with cloud or on-premise systems. Every day data is transformed between multiple formats using no code or low-code programming.
Its automated process quickly scans incoming EDI messages and notifies users when action is required. One of the best features of using Jitterbit’s EDI system is drag-and-drop integration mappings which allow for a powerful mapping interface without complex coding!
Additionally, Jitterbit securely stores your data and simplifies complex tasks by combining newly transformed data with existing records rather than maintaining separate files. Their simple yet effective design means you can easily monitor progress whether you connect to a SaaS platform, legacy system, or cloud services.
Jitterbit offers a free demo and trial.
GoAnywhere
GoAnywhere is a secure EDI solution offered by Linoma Software. Their simple half-day setup will have your business up and running with EDI quickly, using their pre-configured templates that are specific to various industries.
GoAnywhere’s EDI system makes it easy for you to securely exchange data between organizations. Some of the best features this program offers are 24/7 file transfers, watch folders for automated backup, email notifications for job-status monitoring, and authentication/encryption to make sure all your data stays secure.
GoAnywhere’s EDI solution also allows businesses to fulfill orders reliably while saving time and money – making it one of the best solutions available!
GoAnywhere offers a demo and a 30-day free trial.
Dell Boomi
Dell Boomi is a cloud-based integration platform that helps organizations streamline the transfer of data between applications, web services, and external data sources to automate complex business processes. Its EDI (electronic data interchange) solution makes it easy for organizations to exchange business documents in a secure and seamless manner.
Some of the best features of Dell Boomi’s EDI system include its powerful mapping tools which make it easy to convert data structure from one format to another, and its ability to handle large volumes of information quickly. Another great thing about the Dell Boomi EDI solution is its support for different protocols such as AS2, X12, and XML.
Coupled with the ability to customize EDI trading partner integrations, Dell Boomi makes it an effective tool for organizations looking for a one-stop EDI solution.
Dell Boomi offers a free trial.
Globalscape
Globalscape is a leading provider of EDI (electronic data interchange) software solutions, designed to help companies securely exchange information. Their flagship product, the EFT Suite, offers a variety of features that make it one of the top EDI solutions on the market. It allows users to quickly and easily transfer files remotely over the Internet in a secure environment with 256-bit AES encryption.
It also provides intuitive interfaces for message tracking and status view, so you can keep tabs on EDI transactions at all times. Finally, users have access to automated services such as customized file validation rules, automatic email notifications, and integration with core business systems like ERP/CRM or accounting tools.
With these features in its arsenal, Globalscape’s EFT Suite is an excellent choice for any business that needs reliable and secure EDI software solutions.
Globalscape offers a free trial.
FAQ
Some frequently asked questions about EDI software.
What is an EDI software?
EDI software is a type of application used to exchange business documents electronically between trading partners. It allows companies to securely transfer data in an efficient and cost-effective manner, as opposed to using traditional paper methods.
What are types of EDI software?
The types of EDI software range from cloud-based solutions to enterprise software, depending on the scale and complexity of the business.
What are some features of EDI software?
Features of EDI systems include authentication/encryption, automated file transfers, watch folders for automated backups, email notifications for job-status monitoring, and powerful mapping tools to convert data structures from one format to another.
What is an EDI example?
An example of EDI would be a company exchanging purchase orders with one of its suppliers electronically. This helps streamline the purchase process, reduce paperwork, and minimize errors.
Which EDI software is best?
The best EDI software will depend on your specific needs and budget. We have compared some popular solutions in this article to help.
What is the difference between EDI and ERP?
EDI (electronic data interchange) is a technology used to transfer business documents between different parties electronically. ERP (enterprise resource planning) is a software solution used to automate and manage the operations of an organization, such as inventory management, financials, supply chain, and more. While EDI and ERP can work together to streamline business processes, they are separate software solutions with distinct functionalities.
What is the cost of EDI
The cost of EDI software will depend on the complexity and scale of the business. Generally, cloud-based solutions are more affordable than enterprise solutions. Prices can range from a few hundred dollars a month to several thousand dollars annually. It’s best to do research and compare pricing plans before committing to an EDI solution.
Final Notes
EDI platforms and solutions have become a very popular way to exchange data securely and reliably. Having an EDI platform solution today is beneficial because it can save businesses time, money, and resources. On top of that, it creates a channel of communication between other business partners that you can count on.
Electronic Data Interchange (EDI) systems are key business systems used to automate the transfer and storage of data, generally related to transactional details such as invoices, orders, and payments. EDI is able to significantly reduce transaction time and cost for businesses – for example, paper-based processes or manual key-entry can be replaced with quick and accurate automated procedures, making business operations more efficient without sacrificing accuracy.
ERP systems can support the usage of EDI in order to help businesses process data in a consistent and integrated manner across the organization quickly. By using EDI technology with an ERP system, businesses can ensure they meet their business needs while controlling cost by automating processes that would otherwise be done manually or not at all.
Electronic Data Interchange (EDI) systems are a secure way to digitally communicate and transfer business data with other parties. EDI systems are secure by using modern security standards for secure data transfer, which means that all messages sent with EDI systems are encrypted, authenticating the sender and integrating the banking industry’s messaging standards.
EDI systems provide a great way to strengthen a relationship with business partners. They remove manual processes, streamline trading partner relationships, and open up cross-company data access in real-time. Business partners benefit from improved accuracy and efficiency, as well as enhanced security.
By automating data exchange between internal teams and external partners, EDI systems can help create better relationships over time through trust and convenience. Businesses that have adopted this technology are likely to see higher levels of customer service satisfaction due to improved collaboration opportunities. All these advantages make EDI systems an invaluable tool for building strong relationships with business partners.
Which EDI solution are you using and why? Let us know in the comments.
To learn more useful business tools that can be leveraged by your business to save time and money, check out our other content.
