5 Signs Your Business Needs EDI Consolidation  

Efficiency and accurate data play a central role in supply chains across countries and industries, which is why electronic data interchange (EDI) management is becoming an increasingly important factor for businesses.

To get the most benefit from their EDI solutions, many global companies choose to consolidate their EDI systems and vendors. The following are five signs that your company needs to consolidate its EDI.

1. Your processes are complex and inefficient

Using several different EDI systems can be both complex and inefficient. Consolidation can help centralise and simplify processes. Different systems may have different user interfaces, procedures, and support departments, which can create confusion among employees, increase operational costs, and heighten the risk of errors.

By consolidating your EDI into one system, your company can create a more consistent and user-friendly experience for employees. It becomes easier to manage and monitor data exchange, increasing transparency, reducing the risk of errors, and ensuring that processes run more smoothly and efficiently.

2. Your EDI solutions can’t keep pace with your growth

If your EDI systems can’t keep up with the pace of your growth, then you need a better, consolidated EDI system that will grow with you. A consolidated EDI solution standardises processes, making onboarding new customers and suppliers faster and more efficient.

With centralised management, your IT department only has to work with one system and one provider, simplifying the addition of new trading partners. Automated processes reduce the need for manual entry, and the scalability of a consolidated solution makes it possible to handle an increased volume of data and more partners without making significant adjustments.

3. There is insufficient integration between your systems

If your EDI systems aren’t integrated with your other business systems, like your ERP or CRM, you miss out on the biggest benefits that EDI can bring to your business. Lack of integration can result in manual data entries, incorrect data, and delays. A consolidated EDI system that can integrate seamlessly with your other business systems will ensure that data is automatically synchronised, reducing manual intervention and minimising errors. This will improve efficiency and provide you with a more coherent and up-to-date picture of the company’s operations, which is essential for the pace of modern commerce.

4. Multiple support departments make it difficult to resolve issues

With EDI consolidation comes unified support, making it easier to manage and support several different EDI systems from different suppliers.

“We went from having solutions with several different EDI suppliers to gathering all our EDI and integration to Dynamics NAV across the Nordic region at TrueCommerce. It has given us a much simpler and more efficient setup, and it is nice that all our support is now gathered in one place,” says Birger Pedersen, IT Manager at ACO Nordic Group.

By having a single point of contact for all support and management with your new consolidated EDI solution, you have consistent and reliable service.

5. Your current system doesn’t support all the necessary requirements and standards

If your current EDI systems do not support e-invoicing regulations and requirements in different countries, then you need a unified EDI system to ensure that all industrial standards and requirements for e-invoicing are met for every country. This is crucial to avoid delays and complications in your invoicing processes, as many countries have specific requirements for how e-invoices should be designed and processed.

By choosing a provider that can help handle the requirements in all the countries you operate in, you don’t have to have a separate provider for each country. Not only does this make it easier to manage your EDI solution, but you also ensure that you always comply with the applicable local requirements. With an EDI system that supports global e-invoicing, your business can ensure a smooth and efficient invoicing process, which is essential for maintaining good business relationships and supporting your company’s growth in global markets.

Is it time to consolidate your EDI?

As companies become more global, the need for effective EDI solutions is only growing. If you can recognise one or more of the mentioned signs, it’s a good idea to consider consolidating your EDI solutions. With the right EDI system, you can ensure that you are well equipped for the future and that your business can operate smoothly and efficiently across countries and industries.

Contact us today to talk to an expert and hear more about our solution. Contact – TrueCommerce UK