EDI Integration in ERP
ERP (Enterprise Resource Planning) systems assist you to transform, integrate, and scale your business. Whilst it became subsequently commenced as a system to automate middle returned-workplace capabilities, ERP has multiplied to business intelligence that can also handle the front-work place capabilities like eCommerce, sales, and marketing automation. Due to this expanding scope of functionality in ERP systems, it is not always enough if you don’t have your ERP application incorporated with other business platforms like eCommerce or CRM, especially if you are a retailer, distributor, or manufacturer. So, let’s have a look into why ERP integration is needed for your business.
Enterprise Resource Planning is business management software that helps simplify the way organizations elicit, track, manage and work with their data such as customers, products, finance, logistics, supply chain, and other vital business data and operations. An ERP normally maintains the data that is usually handled by different departments integrated so that managing company data becomes seamless.
Though it’s relevant that ERP as a whole is an integrated set of different data points of an organization, it needs to integrate with several business systems so that it can improve the overall accuracy of operations. First, let’s look at what could go wrong if you don’t have ERP Integration in place for your business.
- Manual Dataflow: Now suppose a lead is submitted to through your eCommerce website, without integrating your ERP to your eCommerce, it remains in your website unless someone manually makes an entry into the ERP. So, ERP integration is important to eliminate this time consuming and labor-intensive work.
- Error-Prone Operations: This is a pain-point with manual data entry as humans are error-prone and tend to make mistakes. It may lead to enter wrong or incomplete customer and product data, resulting in departments working with incorrect information, which causes customer dissatisfaction.
- Real-Time Data Unavailability- This implies that the data is not communicated with the ERP immediately as when it arises. This can lead to drop-offs and loss of revenue as it takes days to transfer data manually and once done, it take more valuable days to provide the end service to the customer.
- Poor Sales Funnel Conversion- Sales funnel conversion is the end goal for any business or website, which includes a lot of stages such as lead, prospect, customer, repeat customer and business evangelist. An efficient sales funnel indicated higher conversion rates. There is a possibility that without ERP integration, you lose out on a chunk of leads that can become customers.
Benefits of EDI ERP Integration:
Integrate your accounting/ERP system to the electronic exchange of business documents includes purchase order, invoices, shipment notices, and many more as it needs to be instantaneously communicated between organizations. Benefits of EDI ERP integration includes but not limited to:
- Instant data transfer among trading partners and enable seamless order management
- Ensure accuracy in data communicated with respect to inventory, orders, invoices and more
- Ultimately improved supply chain and logistics for your eCommerce organization
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