You’ve probably at least heard of EDI, but many are still confused as to what it means and how it fits into their business. The first step is understanding a bit more about what EDI is and how it works. Simply put EDI (Electronic Data Exchange) is the transfer of data from one computer system to another without the need for human intervention. There are many different forms of EDI, but in the AP world the most common are EDI 810, and EDI 812 which are invoices and credits respectively. This is a simple, flat, text file that will be delivered from a vendor in one of many automated ways (email, ftp ect.)
If you’ve done some research on EDI support there are many companies out there trying to sell you an expensive integration. EDI support is fully included in the Fidesic AP system. You’ll get the power of a Fidesic Workflow, GP integration, plus you can now start accepting both 810 and 812 files formats.
Why Accept EDI at all?
There are several benefits to adding EDI processing into your AP toolbox. First, EDI is a “zero data entry” format. That means your AP staff does not have to spend ANY time entering the information into your AP System. If you use Fidesic AP for GP, this means an EDI file will be directly compatible with your GP system. From vendor to ledger, you won’t have to worry about any data entry. Second, EDI means zero errors in the translation. What is put into GP is going to be EXACTLY what was submitted by your vendors, no need to worry about any repercussions from a misread/misskeyed invoice. Finally, it makes it easier to pay your vendors quickly, allowing you to capture discounts you never thought possible. Not to mention, your vendors will love being able to submit invoices digitally.
To learn more about adding EDI support to your AP process, head to www.FidesicAPforGP.com or send an email to sales@enlivensoftware.com
About Enliven Software
Enliven Software is a leading Lansing, MI Microsoft Dynamics ISV delivering AP and AR business solutions across industries to local businesses for over 15 years. Enliven provides cloud based solutions that help automate Accounts Payable processes, and provide a dynamic Customer portal designed to work specifically with Dynamics GP.
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