The level of information communicated in business documents is quite high which makes possible a “paperless” exchange.
Regardless of any size or business scale, EDI helps companies send information digitally from one business system to another by using a standardized format. E-commerce solutions, ERP, WMS, CMS, and accounting software are a few types of business systems that EDI can connect to.
Nothing can beat the solution of replacing order processes, transactions, and communications that use to take place with paper or fax in the past. The most essential component of automation in business processes helps you exchange digital data and transactions with other businesses for high accuracy and speed of communication.
Purchase orders, invoices, advanced ship notices, and other documents are a few very common documents that are typically exchanged between businesses. Though, there are several (such) other types such as bill of lading, customs documents, inventory documents, shipping status documents, and payment documents. Well, Which allows for there’s less or no human interference. EDI implementation can pay for itself within 3 months of being operational, making it a very quick ROI.