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Electronic Data Interchange (EDI), is the automation of inter-company processes between two companies using industry standard business documents (such as buying, billing and shipping). Data is transmitted between companies without human intervention. This effectively eliminates the need to print and mail paper copies of documents. With Tesseract, your business can take advantage of the speed and economy of electronic commerce by implementing EDI.
EDI is not same as emailing a copy of a document to your
trading partner. Emailing an electronic copy would generally mean that the receiver will have to
manually key in the same document in their system. EDI eliminates the need to rekey documents on
the destination side.
EDI can save company money by providing an alternative to,
or replacing information flows that require a great deal of human interaction and materials such
as paper documents, faxes, etc. Even when paper documents are maintained in parallel with EDI exchange,
e.g. printed shipping manifests, electronic exchange and the use of data from that exchange reduces the
handling costs of sorting, distributing, organizing, and searching paper documents. EDI allows a company
to take advantage of the benefits of storing and manipulating data electronically without the cost of
manual entry.
One very important advantage of EDI over paper
documents is the speed in which the trading partner receives and incorporates the information
into their system thus greatly reducing cycle times.
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