A recent research carried out by Forrester Research showed that the amount of global EDI transactions per year have surpassed the 20 billion mark and this figure is ever growing. EDI has thus become a valuable form of electronic business transactions. On the organization’s point of view, the use of an EDI provider can represent a tremendous amount of savings and advantages depending on the business.
Switching to EDI transactions constitutes of a lowered transaction cost by 35%. Expenses such as those associated with printing, paper, reproduction, postage, filing, storage and document retrieval are eliminated. Moreover, orders that are processed manually constitute of a greater cost than those processed via EDI.
Speed & Accuracy
The use of EDi mapping usually speeds up business cycles. This is because transactions are made almost immediately as compared to experiencing delays due to postal services. Data accuracy and quality is also increased as errors are eliminated from situations such as lost faxes, illegible handwritings or keying errors. Business transactions and partner relationships are also improved as EDI reduces order-to-cash cycle time.
Data mapping provides the adequate tool for employees to be productive as paper-based tasks are automated and they are thus able to devote more time to value-adding tasks. It also enables employees to spend less time have to re-work on orders as documents are accurately processed.