EDI in 2020 is the Future of Business Process Success
Feb 14, 2020
Data Interchange (EDI) has been predicted to be one of the primary
communication standards for e-commerce marketplace in 2020. What does this
mean for your business? Let’s find out!
year, around the world, EDI will be used to run businesses by connecting
applications and systems in order to accomplish a consistent, smooth flow of business
data, inventory, and supply chain management.
Businesses located across the globe have exclusively
been relying on EDI for the past few decades. Throughout that time, EDI was
predicted to end as the standard, however, here we are in 2020 and
organizations are still tied to EDI and its benefits. EDI has continued to be
so widely used throughout the business sector because it strengthens Business to
Business (B2B) communications and there is no other available software platform
for business that can accomplish what EDI can.
B2B EDI integration connects
an organization with its counterparts (partners, suppliers, financial
institutions, etc.). Within the B2B sector, EDI enables businesses to automate
their business processes, integrate systems, partners, and secure data sharing
across numerous applications. This process can be especially efficient when
outsourced to an EDI expert who will work on a company’s behalf to execute EDI
transaction cost-effectively, productively and faster than an inhouse
With all these benefits,
EDI will also improve the capability of your business process integration,
supporting your company becoming a catalyst in 2020 because of the edge offered
to you by outsourced EDI services, especially compared to your competitors.
Predicted EDI Market Growth
According to the Global EDI software Market report, the EDI Software market is expected to grow much faster
during 2020. “The Electronic Data Interchange (EDI) Software market also holds
the potential to impact its peers and parent Electronic Data Interchange (EDI)
Software market as the growth rate of the market is being accelerated by
increasing product demand, growing disposable incomes, innovative products, raw
material affluence, and changing consumption technologies.”
What this means for your business is that if you
are still conducting B2B data exchanges manually, your business will soon be obsolete,
if it isn’t already. By EDI being the B2B standard with little likelihood of
that changing, your competitors will also likely adopt EDI if they haven’t
already. As a business owner you know that staying ahead of the competition is
key to staying relevant and competitive. So, if you’re not integrating EDI into
your business, you are behind your competitors.
Benefits of Partnering with an EDI Expert
By choosing to work with an EDI expert
partner, your business can benefit from your EDI partner’s investment in
continually updated technology without making the initial investment yourself.
A great cost-savings! Additionally, working with an EDI expert will also offer
your organization the benefit of speedy implementation, expert advice, expert
EDI automated services and so much more.
Meet Integration, Inc.: An
As a primary business process automation
provider, Integration, Inc.’s goal is to empower all its clients to focus on
their core business areas of expertise, while leaving the business process
automation services to our team of experts. Integration, Inc. associates have
served hundreds of business entities by assisting them with their business
One of the most cost-effective and successful
ways to accomplish streamlining business functions is to choose the right business
process outsourcing partner. The Integration, Inc. team offers a complete set
of skills that address a variety of essential business processing needs, including
EDI management, backed by cutting edge technological infrastructure