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Global networks are becoming more complex. Even in today’s era of advanced automation of ERP and B2B communication, many organizations struggle with extending this automation to their partners, suppliers and customers. This supply base is still using fax, phone or email to coordinate business activities, requiring manual data entry which can lead to costly data errors, increased stock outs or excess inventory on hand and compromised cash
flow. As companies have attempted to centralize their operations, they have increased the amount and complexity of pathways to and from the organization. This increases the barriers that already prevent multi-enterprise collaboration and win-win relationships.
The disconnect between enterprises and their supply chain has resulted in decreased trust, visibility, elevated rocure-to-pay costs and excess cases of non-compliance. How quickly and efficiently your organization can progress through the supply chain is dependent upon the accuracy and speed of processing and communicating data.