What is EDI? Electronic Data Interchange (EDI) is commonly defined as the computer-to-computer electronic exchange of business documents in a standard format in an effort to eliminate the need for paper documents. This solution makes B2B transactions faster, more accurate & more cost efficient.
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EDI Benefits
Analysts estimate that the average cost of processing a paper document such as a paper order is $35. The relative cost of processing the same document electronically (EDI) is less than $5.
- 80 percent improvement in speed to market for new items and price changes
- 30 percent improvement in order accuracy
- 99.8 percent accuracy at point-of-sale scanning
- 50 to 60 percent in reduction in deductions due to invoice discrepancies and delivery mistakes
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