Browsing around for EDI software companies that work can feel like a daunting task. There are tons of EDI software providers to choose from, all claiming to offer the best EDI solution. So how do you find the right one for your company’s EDI-related needs? Follow this 3-step guide on finding the EDI software company that works best for you.
First, Understand What EDI Actually Is
Before you can go about investing in an EDI solution, it is important to know what you’re actually paying for. EDI stands for electronic data interchange, which is exactly what an EDI company does; it specializes in exchanging data via electronic means.
More specifically, EDI means that two companies or business partners can easily send important business documents and communicate, without actually communicating. Every exchange of important documentation can be done without the need for human interaction. This means there is no risk of error, documents are sent in a timely manner, and business relations are at an all-time high.
Next, Consider the Unique Features Offered by EDI Companies
Now that we’ve covered the EDI basics, it is time to get into the specifics on the EDI services provided by leading companies. It is important to understand exactly how an EDI company operates. First, consider whether or not the software provider offers widespread support of EDI standards. There are several key standards that your provider should meet.
We won’t get into the details on these standards because the techie jargon just tends to confuse readers. However, if you are seriously considering EDI investment, it is important to make sure that the one you choose follows these standards. After that, ensure that the provider offers widespread support for EDI document types.
According to the OpenText blog, “While EDI technology developed initially to make exchanges of EDI invoices and EDI payments more effective, it quickly addressed the business documents that underpin other key business processes. Today, EDI document types include orders, invoices, purchase orders, shipping notices, acknowledgements, remittance advice, financial statements…”
This list actually continues on further, but we’ll stop there. You get the picture that EDI technology has broadened its horizons since its creation, and now performs more tasks than ever. It is up to you to ensure that the provider you choose offers support for all of these tasks, and not just the basics.
Then, Consider the Different Types of EDI
Not only do companies offer different levels of support and features, they also offer different types of EDI. The most common type is known as direct EDI, also called point-to-point EDI. Major companies like Walmart EDI services that feature point-to-point communication.
This basically just means there is a single connection between two business partners, and they can communicate via that connection. This is the most common type of EDI, but there are also other to choose from, including web-based EDI, point-to-multipoint, mobile EDI, and full B2B integration. Deciding on the right type of EDI for you is the final step in choosing an EDI software.