EDI Invoice Integration The EDI Invoice Integration- You Should Know About It! There are many business documents shared between suppliers and procurers, such as purchase orders, invoices, delivery notes, inventory, product catalogs, and like that. It requires time and effort, including human resources, as it sounds simple but quite a challenge task. In the traditional business document exchange process, there may be chances of lots of errors such as sharing incomplete documents, sharing incorrect documents, missing vital information, typo error in inventory, etc. All these things may delay the daily operations of the business. To avoid all these errors and any the delay, there is a revolutionary technique- EDI Invoice integration. There are two critical documents in business: the purchase order and the other is the invoice. The purchase order is a document shared by the demander before receiving the order at his location. The invoice is also a document shared by the supplier to the procurer after the order has been reached at the given address. In EDI Invoice Integration, the sharing of purchase orders and invoices takes place in a specific format electronically. It can happen in two ways: both parties are connected from point to point via EDI. They can share the document by using customize EDI solutions provided by some third-party service providers. Both methods are time-effective and cost-effective. Now the questions is thatHow document exchange takes place with the help of a Customized EDI Solution? The customized EDI solution stands for the EDI system customized according to the need of business and its partners. So here are some steps which show how it will take place•
Preparation of documents Before sending all the data, the documents were collected first, including inventory data, exported excel sheets, etc.
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Translation of Documents There are certain standard protocols by which the data is being translated accordingly. Here translator software is a key role player that converts the data into an EDI format. Here mapping expertise is used to translate the data.
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Sharing EDI Documents to the Partner After translation of documents according to the EDI standards, the documents being shared with the business partner. There are commonly two ways to connect to your partner with AS2 protocol or connect via an EDI Network Service Provider.
The Benefits of EDI Invoice Integration There are several advantages of EDI Invoice Integration which can be listed as-\ • It will be a great option to save money and time. As there is less involvement of human resources and less time, information is being shared.
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It improves productivity because you can divert your team to some other useful work in place of involving them in the traditional document exchange process.
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Due to the translation of documents via customized EDI Solution, there is very little chance to share incorrect information and incorrectly interpret it.
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It will help to prepare the business reports related to the orders in less time efficiently.
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If there will be no delay in order processing, the customer will automatically get excellent services later, which leads to the increment in business.
So, If you want to know more about Customized EDI Solution or EDI Invoice Integration, then you can visit here. Website:
https://www.cogentialit.com/