Electronic Data Interchange (EDI) is an insanely complex relic of the 1970s — a dinosaur standard that persists today because of its pervasiveness in business. Companies use EDI software solutions to transform the way they do business with their trading partners through streamlined B2B communication and data exchange. Acting as a preferred means to exchange documents in the B2B transaction process, these solutions enable information to be integrated and shared rapidly, instead of the hours, days or weeks required with paper documents or other methods. Beyond speed and accuracy, EDI integration tools make the process efficient, which means less rework, fewer inventory shortfalls and fewer canceled projects. In addition to these operational benefits, they provide real-time visibility into B2B EDI transactions, which supports faster-decision-making and higher responsiveness to customers’ demands.
Despite these advantages, a lot of EDI integration software solutions involve a lot of custom coding which makes the process error-prone, fragile, resource-intensive and time-consuming. IT teams must stay on their toes to support and maintain a wide range of standards UN/EDIFACT, ANSI ASC X12, GS1 EDI, TRADACOMS, and HL7 and satiate the rollout of new partners and their requirements. Too much time and effort go into handling so many formats, which prolongs data exchanges and ultimately partner onboarding – resulting in inconsistent relationships and loss of revenue.
A new approach to EDI is needed to deal with such complexity. Businesses can rely on innovative EDI integrations solutions that add automation and self-service practices to simplify as well as expedite the handling of complex EDI messages with ease and speed.