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EDI Academy: EDI from B2G to B2B, EDI a tool for exports and EDI in retail

December 6, 2017  |  edi, Electronic Invoicing, Europe

From EDI B2G to B2B, the leap towards efficiency

Relations between companies and the public sector are getting increasingly closer. Efficiency and tax control are the main trigger driving governments to promote e-management systems for services procurement, payments to suppliers, submitting VAT information, etc. This growing trend worldwide is pushing companies to adapt their internal information management processes to a new digitized environment, based on EDI (Electronic Data Interchange) systems.

The advantages for a company of addressing digital transformation are summarized in one: cost savings. But there are other benefits derived from the competitive edge honed by working with EDI solutions:

  • Automation of transactions
  • Quicker response times
  • Minimizing errors
  • Increasing productivity
  • Integrating all business and trading partners
  • Providing information on process status
  • Improving service to end users
  • Optimizing financial ratios
  • Enhanced security and confidentiality in communications

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EDI, a business trade opportunity in a global market

Globalization forces companies to adapt to different systems and platforms to be able to operate in any corner of the planet. However, thanks to EDI, this problem has a simple solution.

The complex variety of commercial operations makes document management difficult between countries, however EDI facilitates all kinds of procedures by standardizing the exchange of B2B processes. Simple operations such as stock management, shipping to suppliers, invoice payments or order processing suddenly became easier tasks thanks to EDI.

Having a global operator allows companies to develop operational policies that are more agile and efficient by having adequate computer management systems capable of operating in business relationships through combined software management and secure and private networks. This way, the exchange of standardized documents between the computer systems of both B2B parties is ensured.

Furthermore, EDI maximizes the exchange of operations and is the best way to take advantage of the current positive economic situation in Brazil. Although the use of invoicing is increasingly common in B2B relationships, it does not follow the same pattern in all countries.  Brazil is no exception, which is why there’s a need to have an optimal connection throughout the supply chain and ensure the sending and receiving processes in the ERP.

This way, any company can manage logistic business processes and establish all the necessary steps to connect with its suppliers, customers, logistics operators, and commercial partners using a global network.

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How to enrich the EDI flow in the retail sector?

One of the most important characteristics of the EDI world is the ease of processing information that’s shared once it’s collected. This is explained in part, thanks to the homogenization of information and the use of a standard format that allows information and documents to be exchanged. For example, in the retail sector, the regulatory system allows users to send a catalog of products, manage an order or process a payment notification or invoice.

The use of EDI messages improve supply chain communications, automate processes and reduce operational errors by reporting valuable data such as the trace-ability of goods, an invoice payment and a delivery notice. In summary, EDI tools are essential for B2B operations, especially in retail EDI.

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