In today’s difficult economic climate where all companies are under pressure to reduce costs and improve efficiencies, organisations can benefit significantly by moving away from a transaction based pricing model. Whether you have an existing solution or you are embarking upon EDI for the first time the opportunity for significant cost savings should not be overlooked.
An increasing number of retailers are expanding their e-invoicing programs to a wider supplier base, which is not surprising given the benefits available.
Wesupply have just made it easier to connect users of Sage 50 into the OneTime electronic trading hub. In conjunction with Dayta Designs, we have developed a simple module that allows Sage users to send and receive orders and invoices with their trading partners through OneTime. With this new module, it really couldn’t be easier [...]
In a recent feature, GS1 UK, the not-for-profit supply chain standards and solutions organisation, discussed issues faced by small businesses and highlighted a shortage of cash flow as one such issue. Like in our recent post, GS1 UK identify EDI as a method that small businesses can use to improve cash flow. According to GS1 [...]
Aberdeen Group have recently published an interesting report which examines the B2B integration and collaboration initiatives of 62 small to mid-size enterprises (SME’s). The most interesting aspect was the comparison of these initiatives to those of Best-in-Class companies.
How do you implement an EDI initiative?
Supplier on-boarding is the process of bringing a supplier into your electronic trading initiative, and should be considered as consisting of two elements – adoption and enablement
Why will partners join our EDI initiative?
So you know why you want to trade electronically. But why will your partners join you?
What are you trying to achieve with your EDI initiative? Whether you are reviewing your existing approach or just starting your e-trading journey, make sure you explore the value of e-trading across the business and be clear about what business value you are striving for. Many electronic trading projects fail to achieve their desired benefits, and often become a financial and management burden.
EDI is often seen to be complex and it can be a rather daunting prospect finding the right kind of company who can deal with all the potential problems. However, the choices you make don’t have to be too difficult if you know what to look for when searching for an EDI provider and how to plan effectively. There are [...]
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