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?
Do you rattle off some generic order entry time study numbers published by a university professor several years prior, or since every company is different, do you have the benefit your program has to your organization? Figuring out which way to answer the question is not difficult, but the "How?" of getting to that data may seem a bit daunting.
Simply, there are three pieces to the financial puzzle that when put together, creates a whole different view of departmental performance.
- What are the components of the equation?
- Are there special considerations needed outside of the components?
- How do all the pieces interact with each other?
Once these questions are answered, we can then start to explore beyond a high level view of cost per order entry, and go deeper into how integration can have positive effects in the mailroom, customer service, and accounting departments as well.
During the webinar scheduled for May 15 at 2:30 PM EDT, we will discuss in depth the components and special considerations needed in order to reach a true dollar benefit to the bottom line. Utilizing the model I have developed to produce financial results of an EDI program, we will also take a sample scenario step by step from components to analysis to demonstrate the ease this task can be accomplished. After attending this webinar, you will be able to quickly identify cost points within both manual and electronic processes, synthesize that collected data into real world numbers, and have the ability to immediately apply this knowledge to real world applications.
Register now for this presentation. 