EDI Ensures Decisiveness in Wholesale

Wholesale companies wear many hats. Whether it’s managing processes for order to cash, procure to pay, and load tender to invoice, or ensuring they’ve got the right amount of trucks within the company fleet, there are endless responsibilities. But those responsibilities don’t have to be challenges. With the right kind of modernized EDI solution in place, wholesalers will thrive rather than struggle.

What is EDI?

EDI (Electronic Data Interchange) technology has been around for quite some time. It is the foundation that many businesses rely on to better serve their customers, trading partners, and other members of their digital ecosystem. Companies use EDI to exchange business documents digitally through a standardized format. EDI connects directly from one business to another through e-commerce platforms, ERP systems or other solutions.

The most common type of digitally transmitted documents are purchase orders, invoices, and advanced shipping notices. EDI is so widely used because it provides reliable communications that all companies, no matter the industry, require.

Future of EDI in Wholesale

Wholesalers need technology that allows them to onboard trading partners and applications quicker, as well as reduce Total Cost of Ownership (TCO) and resolve any potential challenges as fast as possible. When wholesalers are connecting with customers (B2B or even B2C) nowadays they must be able to send and receive invoices electronically, provide order and shipping confirmations, as well as manage all their products in standard formats that are transparent with correct information.

As you can see, that is a lot for wholesalers to manage, simply to conduct everyday business. That’s what makes EDI such a useful and powerful tool because it remains the de-facto standard for B2B companies. But smart wholesalers are going one step further than that, and embracing a modern EDI integration platform because it helps them become that much more agile and responsive than they’ve ever been before.

Advantages to Using EDI in Wholesale

Utilizing modern EDI systems allows wholesalers to optimize their digital supply chain by turning innovative integration into a true competitive advantage. By being more efficient in inventory purchasing, storage, and distribution built on integration control and actionable insight to manage and deliver value to customers across their supply chain.

Being able to provide standardized EDI connectivity to all the members of their digital ecosystem allows wholesalers to refine their supply chain and enable distribution channels and improve customer expectations through choice, control, and credibility. 

Would you like to know more about how the implementation of the right EDI solution will help you reduce your costs, and increase your customer satisfaction? Then contact us today to find out how.