EDI stands for "Electronic Data Interchange". The so-called EDI interface of io-market enables companies to send and receive business data, such as orders, in a structured, machine-readable format. This means that incoming orders can be transferred directly into the system and executed without further processing, and without the need to manually enter and file the order in advance. This solution works for all paper-based business transactions, such as invoices, delivery bills, order confirmations, etc.
An EDI interface allows your company to transmit business data (which includes purchase orders, delivery bills, and invoices) in a structured format so that io-market can convert the files to the recipient's format and forward them. The ERP and accounting systems can "read" and "understand" the structured files. A PDF invoice, on the other hand, is not machine-readable and must first be prepared. io-market offers a streamlined solution for this file format as well. The preparation and conversion of these documents saves numerous work steps and is less prone to errors.
Many, especially smaller companies and suppliers, often still send PDF files or printed documents because they are quickly typed and uncomplicated for small businesses. With our PDF2XLM solution, we convert these common PDF files and documents into structured, machine-readable files to be available for EDI later.
The goal is to increase process automation via the EDI network and eliminate paper-based business transactions. The elimination of many manual steps increases efficiency in the company and facilitates the entire procurement process. Digital communication from the order to the delivery bill to the invoice also facilitates international trade. You benefit from a uniform digital standard.
In many industries, margins are often tightly calculated. So big savings directly translate into a tidy jump in profits. Profit increases from day 1.
EDI transmission ensures real-time processing and eliminates the time associated with manually sending, receiving and entering purchase orders.
Automation of procurement processes guarantees consistently high data quality. This ensures transparency and further enhances your professional appearance towards your business partners.
A common interface also means an intensification of the business relationship.
Many industries today rely on real-time data transmission. There is no provision for manual order or invoice processing.
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