Over the last couple months we have been discussing uncovering the actualized financial benefit of an EDI program to the bottom line of an organization. In our webinar held on May 15, we discussed the subject in depth, and shared the spreadsheet model that I have developed in order to answer this question. In order to supplement that webinar, I would also like to review the various pieces of the model and how you could use it for future analysis. Read more...

Ever heard "EDI is a huge cost savings for our company" from a manager in your organization? Invariably you will hear a resounding "YES!" from anyone that is within 50 feet of that manager all coming to agreement on the benefits of an EDI program. What do you do then if your CFO is one of those people within earshot of the comment and asks you for a number to back up the statement? Read more...

With the maturity and prevalence of technology in the market today, the benefits of migrating from a paper based system to communicating business documents via some electronic platform are well documented. Gains in the order to cash cycle, keying accuracy, as well as the ability to seamlessly communicate with your supplier/customer communities are just some of the points regularly mentioned when asked about the benefits of EDI.

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