QuickBooks EDI Integration & Why It’s Important to Your Business

EDI, which stands for electronic data interchange, is the way of communicating business documents electronically that was traditionally communicated on paper, such as purchase orders and invoices. By automating paper-based transactions, organizations improve supply chain speed, accuracy, efficiency and costs. EDI is in use in multiple industries, including Manufacturing, healthcare, pharmaceutical, insurance and transportation, and security, and we at Infocon Systems facilitate the whole process while following all the EDI standards. QuickBooks is one such accounting software solution when integrated with EDI let businesses smoothly manage invoices, bills, checks, or business reports. With Infocon Systems businesses can bring data provided from different places at a single place. EDI integration for QuickBooks means all of the manual work you are currently doing by hand are automated, affordable and easy to use. There can be various reasons why your business needs QuickBooks integration with EDI. Below some of the most common reasons.

• Establishing the documents, protocols, transactions, and endpoints that you will use to exchange data with your trading partner
• Significant increase in trading volumes which was difficult to manage in a manual systems proving out to be highly ineffective and consuming time and money.
• Order processing taking more than expected time which can further impact your business.
• Slow service leading to negative reviews and erroneous order processing.

The goal of QuickBooks EDI integration is to streamline the transaction process, and collect valuable data on your customer behavior that could be applied to other aspects of your business. Other benefits are

• View transactions in real-time by trading partner, document type and date range
• Eliminate errors expected from manual entry and improve data accuracy giving a better insight and closure to your business
• Streamlines the supply chain transaction process.
• Let you schedule your task, import and export them by applying filters like by hour, by the day, week or by the month.

Your competitors are likely already using two indispensable business management components — ERP and EDI. Successful implementation of these key technologies helps to reduce costs throughout the supply chain, improve key indicators such as revenue per employee, business transaction cost. QuickBooks integration with EDI doesn’t have to be complicated- Sync all your QuickBooks for seamlessly carry business with Infocon Systems

Reference Link: https://www.reddit.com/r/edi/comments/m3mys2/quickbooks_edi_integration_why_its_important_to/