spiceworks article was released on April 1, 2024 As businesses blend strategies, EDI and APIs collaborate for seamless data exchange across industries. Traditionally, EDI is used to exchange standardized, structured business data between trading partners. Meanwhile, APIs provide an interface that allows different software applications to communicate and exchange data. However, the age-old...
Descartes' article was released on September 21, 2023 EDI eliminates the need for manual data entry by automating the exchange of business documents. EDI minimizes the risk of errors associated with manual data entry. EDI enables real-time or near-real-time communication between trading partners. EDI eliminates the need for physical documents,...
Strategic Finance's article on Revenue Management was released in November 2021. Over the past century, accountants and analysts have been successfully employing management models and establishing causal drivers in partnership with executives to achieve strategic objectives involving costs and investments. This same work can and should be extended to sales and...
Customer Think's article on EDI was released in December 2021. By replacing paper-based documents or records such as purchase orders or invoices, EDI allows business users to transact faster, and ultimately transform their ease of doing business. Along with that, it allows businesses to minimize errors, save time and ultimately eliminate...
An essential part of Digital Transformation is identifying which technologies can best help you unlock new opportunities and equip your business to absorb future challenges. The Epicor eBook will introduce you to six key technologies essential to Digital Transformation, what to consider when choosing each solution, and how to track and measure their...
These are golden times for e-commerce entrepreneurs. Those who want to automate cannot ignore EDI and API. According to Fred van der Heide, Vice President, Product Strategy at Descartes: Reliable and secure data transfer Lightning-fast communication between applications Exploiting opportunities Time for growth READ MORE...
Distributors have experienced market disruptions, uncertainty, new coronavirus variants and constraints none of us could have forecasted over the last year or so. Below is what Mark Roberts predict how distributors will plan and adapt for 2022. 20% of distributors will do nothing 30% of distributors will make strategy and structure...
Should distributors launch their own B2B marketplaces to take on industry titans such as Amazon Business, or are they better off sticking with their traditional business model? That was the central question posed in the latest edition of the MasterB2B “unwebinar” series, which was hosted by Andy Hoar and Brian...
The study notes that “billing errors are key contributors to decreased profitability, disputes and late payments,” adding: “Over half (55%) of respondents say managing disputes is one of the most challenging tasks for their A/R team and 99% of teams say disputes contribute to late payments.” READ MORE...
1. Protecting cash flow. 2. Gathering data. 3. Restting thresholds. 4. Diversifying buyers and sellers. 5. Moving on from legacy system. 6. Challenging your EDI solution provider. READ MORE...