Where everything is digitizing in this world then why should data runs off track. Electronic Data Exchange is a standard electronic platform of exchanging business documents between the computers. In 1996, Canada based institute namely national institute of standards and technology derived this platform. Major business values offers fast speed, scalable accuracy, low cost and business efficient strategies.
According to recent reports Electronic Data Transfer transaction exceeds 20 billion dollars annually and still on hike. Electronic Data Transfer improves transaction speed and visibility while lessen the money percentage paid on manual basis.
Further, it boosts up your business cycle approximately by 61%, error free improved data quality by 30 to 40%, it lowers done your transaction cost by approx 35%. For instance electronics manufacturer budgets costing of $35 manually whereas same order costs $1.35 using Electronic Data Exchange, it also improves business partner relationships reducing order to cash cycle slot by more than 20%. This website facilitates easy and secure exchange of e-invoices and supporting documents for sample timesheets, signed filed documents.
Moreover streamlined fix pricing providing simple, predictable fee structure, huge surprise discounts over bulk invoice, 24*7*365 excellent customer support via live chat room, cold calling, ticketing and online portal. Also have strong bond with third parties i.e. ADP, Ariba, Cortex and lots more. Facilitates astonishing advantages such as affordable schemes, simple statics, fast and efficient payment, outstanding cost management system, low cost setup, single click invoice submission. Automated paper based tasks facilitates your staff to concentrate on higher value task also promotes corporate social responsibility and sustainability by replacing paper work with electronics software and gadgets. An outstanding easy, efficient and time consuming platform i think if implemented worldwide would stack back dollars in huge percentile.
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