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What is EDI

EDI stands for Electronic Data Interchange

Companies that do business with each other are called trading partners. EDI is used to exchange business documents in electronic format between these partners. For example, these documents include purchase orders, invoices, ASNs, BOL and more.

Manual data entry and document exchange can be prone to errors and slow down processes. But through EDI, companies exchange electronic documents from computer to computer. As a result, companies replace emails, phone calls and paper-based exchanges like faxes. This makes their business processes more efficient. Also, it saves time and cost associated with manual data entry. 
 
EDI standard formats allow computers to understand the information sent between trading partners. For instance, many standards are being used today. These include EDIFACT, ANSI X12, TRADACOMS, Odette, and ebXML.
 
These standards are also called communications protocols. Also, there are several different versions for each standard.
 
In fact, businesses must agree on the standard and version before exchanging EDI documents.
 
Businesses use an special software to translate the EDI format. Then the companies’ internal applications, business system or ERP uses that information.
 
What are the benefits of EDI?
EDI translator software is used to solve a variety of industry-specific issues. From Retail and Healthcare to Automotive, EDI has evolved to address complicated challenges.
 
It helps companies meet industry, government and customer requirements. In fact, EDI has never been more accessible for businesses of all sizes.
 
With flexible deployment options, managed services, and easy-to-use supplier web portals, solutions abound. Is your customer asking you to use EDI? Or have you heard of it but aren’t sure how it would benefit your business?
 
Radley has implemented EDI in many industries for customers around the world. Let us put our 40 years’ experience to work for you! Are you wondering ‘What is EDI?’ To learn more about how it can work for you, request a free consultation today.
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Why Choose a Single Provider For All Your EDI Services?
 
Today it is common for companies to use EDI to exchange business documents. EDI transactions ease document exchange including invoices, purchase orders, and other information. Yet many maintain different systems. This is often an attempt to meet business partner requirements.
 
Why is this a problem?
 
First of all, your company could be wasting time managing many contracts for your supply chain. Also, you could often pay more. One downside is that customers and vendors may insist that you use their chosen EDI system. As there is no global standard, this can force you to support multiple systems.
 
Also, you may have to support many payment methods. Similarly, different networks use different standards and protocols. This may require manual processes to transfer documents from one computer system to another. This, in part, defeats the point of having EDI in the first place (saving time and reducing errors).
 
In contrast, using a single provider allows a business to take the most advantage of bulk pricing. If you have a large volume transaction set with a single supplier, you may be able to take advantage of managed services. As a result, your company can reduce costs of IT services. 
 
Also, using a single service allows you to see what is going on across your entire network. Furthermore, it becomes easier to add a new customer or vendor. For instance, you can use the same process each time and only have to do things once.
 
What’s the solution?
 
Above all, you need to find an EDI provider that can handle many standards. Above all, the provider will need to support all your customers and vendors. In particular if they’re using different solutions.
 
To this end, Radley Corporation can help you comply with all your trading partners’ needs. Radley’s simple, streamlined solution includes VAN services, and integration with your business system. Contact our EDI experts to find out more about streamlining your solutions.
 
Radley EDI software allows you to automate business transactions. These can include ship notices (ASN), invoices and orders. Also, Radley has decades of EDI experience in a variety of industries. So this allows configurable implementation to meet your specific needs. Radley conforms to your industry, your process and your unique workflows.
 
Benefits of Radley EDI
  • Flexible deployment options: on-premise, on-demand on any cloud
  • Managed Services decrease the need for IT resources.
  • iR*EDI Mapper, a web-based EDI translator tool. Built-in reusable components that simplify the mapping process.
  • VAN Services for exchanging EDI documents with your trading partners. Real-time delivery of all your EDI and Non-EDI data.
  • Reduce inventories and shrink order fulfillment cycle times with supplier online collaboration.
  • Integration between to your ERP or business system. Complete visibility and EDI integration to process and manage your transactions.
  • Receive real-time alerts and notifications for communication failures or build errors. 
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