- November 14, 2017
- Posted by: administrator
- Category: EDI solutions
EDI has been around since the ’70s and has gained so much popularity that it is the number one choice for companies looking for business integration solutions to address their business needs, among which the most common are the need for a quicker document transmission between regulators, business partners and customers.
Even though EDI has been faced with the emergence of newer, more powerful solutions, EDI has stood its ground and continues to do so to this day. Although EDI has evolved since its breakthrough on the market, it revolves around the same core-elements, among which are its standards.
The many benefits of EDI
EDI has seen such incredible adoption rates due to the many benefits it comes with. Companies were immensely drawn to the idea that EDI eliminated much of the human element in the transmittal of data, which in turn helped with the reduction of errors that inevitably occured. These errors have the potential to be really destructive for an organization, as they lead to data loss and breaches.
Everything accelerated once EDI stepped in: you didn’t need to wait for days in order for a financial transaction to be completed, instead it was done now in a matter of minutes, you didn’t need to print, send or receive business documents, it was all automated and super fast.
Once the technology started to expand, the need appeared for standards that are specific to each industry, along with its subdivisions.
This technology evolved with such force and efficiency that it gave the world about 50 EDI standards. What’s more, it also managed to encompass and learn to use new technologies to its advantage, among which XML coding.
Companies still rely daily on this technology, helping them enable supply chains that are responsive and flexible. This is why it is safe to say that EDI is here to stay, at least for the foreseeable future.