Ask any compliance and safety manager in the trucking business, and they will tell you that keeping up with the ever-changing governmental rules and regulations is not an easy task. Well... they may have to step in line behind their operations manager who is facing a new challenge; EDI compliance.
What is EDI you ask?
EDI or Electronic Data Interchange, is the computer-to-computer exchange of business data in standard formats. The EDI standards are developed and maintained by the Accredited Standards Committee (ASC) X12, To learn more about EDI history, visit the ASCX12 website.
Why should you care?
Over a decade ago, industry analysts were predicting the rise of EDI, and today, many trucking companies are facing the requirement to be EDI compliant. Steam ship lines, large trucking firms, and large retailers have embraced this technology due to the standardized benefits offered with EDI. A few major benefits include:
- Increased documentation accuracy through decreased manual keying errors.
- Reduced order processing costs by submitting electronic transaction sets.
- Shortened order-to-cash cycles improving cash flow.
How do you take the next step?
There are many considerations to think about when looking at becoming an EDI trading partner. Will you need significant configuration to your current business process, or do the perceived costs outweigh the benefits? What are the barriers of entry for your company?
Learn more about how Profit Tools, Inc. has been successfully supporting EDI functionality for many years. Customers are lowering operating costs, enhancing customer service, and streamlining their business processes with the Profit Tools EDI Direct™ carrier data automation solution. Read on...