Why Is Now the Right Time to Modernize B2B

In today’s digitally dominated terrain, having seamless connectivity is fundamental for businesses. Organizations are rapidly transitioning from siloed applications to a more connected ecosystem by moving to the cloud. As a result, the IT teams are facing numerous challenges integrating various data sources, and different file formats while still upholding the industry standards.

For businesses to onboard partners and collaborate effectively, they must go through a slew of data exchanges before finalizing the deal. Electronic communication works best when compared to paper-based exchange and that’s where the cutting-edge and intelligent Boomi’s Integration Platform as a Service iPaaS comes into the picture.

But What exactly is EDI? Why is Boomi B2B/EDI so important for businesses? Let’s explore and know more

What is EDI?

Electronic Data Interchange – EDI, is the electronic exchange of business information following the protocols, rules, and standards. With EDI, organizations can exchange information digitally without using paper or hard copies. If you have an EDI that complies with the regular standards and norms, your electronic documents such as invoices, purchase orders, manifests, etc. will be immediately conceivable by your trading partner’s computer application.

The benefits of Electronic Data Interchange– EDI

It automates the entire process and saves time, money, and effort. With automation, there is no scope for errors.
Sharing stacks of documents can be done in just a few clicks. This means EDI can improve efficiency and productivity greatly for your business.
Electronic data can be easily integrated with the systems enabling transparency. This will help with quick data collection & analysis.
With EDI, you can be assured that the reports and document transactions are done accurately and on time. Customers will have no reasons to second guess or abandon your services.
Answering the queries becomes so much easier. You can fetch the data from the software and respond faster to any query that comes your way.

But when you have a traditional or a legacy EDI management platform, you will be prone to customization challenges, poor governance, and a time-consuming cycle for onboarding trading partners, causing a heavy impact on the business.

That’s why a modern EDI management platform is so crucial for your business.

What is EDI modernization and what are the benefits?

Extend your B2B integration beyond the hardwired VANs (Value Added Networks), automate the business process, reduce the cost and complexity of partner onboarding, and simplify the operations with modern EDIs.

Automated and easy connection of EDI and Non-EDI enabled vendors
Intelligent automation with process orchestration
Any-to-any format transformation and data mapping
Simplified integration with on-prem and cloud applications, systems, data, and partners
Comprehensive visibility and analytics for operational improvements

Why should you modernize your EDI now?

Complying with the EDI mandates is imperative for businesses across the world right now. With the increasing opportunities, expanding teams, and propelling operations, a comprehensive EDI is the need of the hour to manage the organizational requirement and eliminate the unseen issues.

If you wish to onboard new trading partners more quickly, get through with the business process more efficiently, understand and act to the EDI protocol nuances more accurately and on time, Boomi’s B2B EDI integration platform as a service is the perfect solution for your business

Boomi’s B2B EDI management platform – ideal for your business

With Boomi’s B2B EDI integration, you get

A comprehensive B2B gateway for partner management
OOTB EDI document support and translation services.
EDI data mapping, convert any combination of XML flat file using native support
Enable integration of EDI documents into ERP, CRM, SCM applications, and data warehouses

If you want to modernize your EDI, and leverage Boomi for EDI integration, we are here to help you achieve your enterprise goals. We will help you, future-proof your B2B EDI capabilities with Boomi and boost your business to the next level.