Are you draining your resources by keeping EDI in-house? This short video shares some of the benefits of using a Managed EDI Service Provider like Promethean. While most members of the IT department focus their time and energy on the core competencies of the business, others find themselves spending endless hours fixing errors and dealing […]
Tag: Managed EDI Services
5 Mistakes Businesses Make with EDI
EDI, or Electronic Data Interchange, can bring many benefits to businesses, such as increased efficiency and accuracy in communication with trading partners. Still, it is important to avoid common mistakes to realize these benefits fully. Avoid common errors that can cause delays, inaccuracies, and financial losses. Instead, make the most of EDI by careful planning […]
What is Diagnostic Analytics?
Once you have a good understanding of what has happened (Descriptive analytics) it’s time to consider why it happened. Diagnostic analytics refers to the methods used to answer questions about why something has happened. More carefully stated, diagnostic analytics establishes possible answers to why something happened. This distinction is important when thinking about diagnostic analytics […]
What is Descriptive Analytics?
Descriptive analytics is using data to answer what has happened. This makes descriptive analytics an essential aspect of every business; before deciding what is next, we need to know what has happened. Most businesses engage in descriptive analytics even if they are not consciously seeking it out. Descriptive analytics looks to answer questions about the […]
In-House EDI vs. Managed EDI Services
It’s no secret that businesses constantly review their budgets every year and research new ways to cut costs and eliminate unnecessary tasks that occupy too much of their staff’s time and resources. When it comes time to decide whether to keep your electronic data interchange (EDI) in-house or to outsource to a Managed EDI Service […]
What is Data Analytics?
Analytics is the process of applying math to data to get insights into specific questions. Data Analytics has become a diverse and all-encompassing tool that deals with the extraction of usable information from data, with the goal of improving systems. In any discipline there is a need for information regarding trends and metrics that increase […]
Your EDI Challenges and How Outsourcing Can Help Overcome Them
First, we might as well start with the basics: What is EDI? EDI stands for Electronic Data Interchange and it is what allows companies to interchange business documents electronically, more efficiently and without manual intervention. EDI has been around for quite some time, think 1960s, but has evolved greatly since then with EDI standards developing […]
Is Your Business Reaping all the Benefits of EDI? A Look at Managed vs. In-House
Electronic Data Interchange (EDI) is a very critical piece of the business model for most companies. It allows a company to seamlessly exchange important documents (invoices, purchase orders, etc.) with their customers and suppliers. Although undeniably important, EDI is often viewed as an expensive, time consuming overhead for a company. But it does not have […]