Electronic Data Interchange GROUP-7 DEEPAK RITESH PRASHANTH SUDHIR
Electronic Data Interchange (EDI) <ul><li>Definition : EDI </li></ul><ul><ul><li>EDI is defined as the inter process commu...
EDI Basics
Interesting Info <ul><li>Cisco reportedly ship 45 per cent of their products &quot;without being touched by human hands&qu...
EDI in action BUYER’S COMPUTER SELLER’S COMPUTER PO PO CONFIRMATION TRANSPORT COMPANY BOOKING REQUEST BOOKING CONFIRMATION...
Advantages of EDI <ul><li>Companies use EDI to exchange information for a variety of different reasons, mainly increased e...
<ul><li>EDI also reduces postage costs and the expenses and space considerations involved in paper-based record storage.  ...
<ul><li>Although many companies don't view EDI as a strategic weapon, it certainly can be used as one.  </li></ul><ul><li>...
<ul><li>EDI also can be used to form alliances between companies that provide advantages over competitors in several ways,...
EDI in India  -  Chennai Customs  <ul><li>The Requirement  </li></ul><ul><ul><li>New network infrastructure connecting 23 ...
EDI in India  -  Chennai Customs  <ul><li>The Implementer </li></ul><ul><ul><li>Wipro managed a complete end-to-end projec...
VANS <ul><li>A VAN is a communications network that typically exchanges EDI messages among trading partners. </li></ul><ul...
Some major VAN operators’ worldwide are <ul><li>AT&T </li></ul><ul><li>IBM  </li></ul>
CASE STUDY :  Sahara Life Insurance  <ul><li>The company Sahara Life Insurance is Sahara India Parivar's venture. Launched...
CASE STUDY :  Sahara Life Insurance  <ul><li>Requirements:  </li></ul><ul><ul><li>Automate document validation and workflo...
<ul><li>Three Part Solution </li></ul><ul><ul><li>OmniCapture for scanning documents,  </li></ul></ul><ul><ul><li>OmniDocs...
CASE STUDY :  Sahara Life Insurance  <ul><li>The benefits Processing time of a policy down to three days instead of the 15...
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  • A Value Added Network (VAN) will be an application service provider (ASP) or the established network between an enterprise and its partner. The ASP will act as an intermediary facilitating business processes among enterprises. VANs transmit data formatted as Electronic Data Interchange (EDI).
  • Less intervention OmniCapture has helped them scan documents with lesser human intervention and fewer errors. OmniDocs has been useful for archiving purposes, helping them in preserving important documents such as policies and claims granted. OmniFlow has acted as the spine of all information that comes into the organisation through policyholders.
  • 3 Edi

    1. 1. Electronic Data Interchange GROUP-7 DEEPAK RITESH PRASHANTH SUDHIR
    2. 2. Electronic Data Interchange (EDI) <ul><li>Definition : EDI </li></ul><ul><ul><li>EDI is defined as the inter process communication (computer application to computer application) of business information in a standardized electronic form. </li></ul></ul>
    3. 3. EDI Basics
    4. 4. Interesting Info <ul><li>Cisco reportedly ship 45 per cent of their products &quot;without being touched by human hands&quot; save around $ 550 million a year as a result of transferring most of their business to the net. </li></ul>
    5. 5. EDI in action BUYER’S COMPUTER SELLER’S COMPUTER PO PO CONFIRMATION TRANSPORT COMPANY BOOKING REQUEST BOOKING CONFIRMATION ADVANCE SHIP NOTICE STATUS RECEIPT ADVICE INVOICE PAYMENT
    6. 6. Advantages of EDI <ul><li>Companies use EDI to exchange information for a variety of different reasons, mainly increased efficiency and cost savings. </li></ul><ul><li>For example, EDI allows business transactions to occur in less time and with fewer errors than do traditional, paper-based means. </li></ul><ul><li>It reduces the amount of inventory companies must invest in by closely tying manufacturing to actual demand, allowing for just-in-time delivery. By doing away with paper forms, </li></ul>
    7. 7. <ul><li>EDI also reduces postage costs and the expenses and space considerations involved in paper-based record storage. </li></ul><ul><li>Some companies have seen dramatic improvements in their business processes, such as the shortening of delivery times from days to hours. </li></ul><ul><li>However, other EDI users have continued to experience snags. In Planet IT, Procter & Gamble, a leading packaged goods manufacturer, reported that it found errors in more than 30 percent of its electronic orders, although these were mainly due to human mistakes. </li></ul>
    8. 8. <ul><li>Although many companies don't view EDI as a strategic weapon, it certainly can be used as one. </li></ul><ul><li>Having the capability to engage in EDI is a marketing tool, because it makes suppliers attractive to retailers and other companies who buy goods and services. </li></ul><ul><li>In a situation where several suppliers offer similar products, being EDI-enabled can be an important differential.. </li></ul>
    9. 9. <ul><li>EDI also can be used to form alliances between companies that provide advantages over competitors in several ways, including the ability to offer the lowest market prices and the best customer service. Such alliances also can lead to newer or more innovative services. </li></ul>
    10. 10. EDI in India - Chennai Customs <ul><li>The Requirement </li></ul><ul><ul><li>New network infrastructure connecting 23 locations in India </li></ul></ul><ul><ul><li>24*7 operations with High availability as a mission critical operation for Servers, Application and Leased Line </li></ul></ul><ul><li>http://www.chennaicustoms.gov.in/ediimpo/edi.htm </li></ul>
    11. 11. EDI in India - Chennai Customs <ul><li>The Implementer </li></ul><ul><ul><li>Wipro managed a complete end-to-end project involving </li></ul></ul><ul><ul><ul><li>hardware supply </li></ul></ul></ul><ul><ul><ul><li>system integration </li></ul></ul></ul><ul><ul><ul><li>Networking </li></ul></ul></ul><ul><ul><ul><li>application development </li></ul></ul></ul><ul><ul><ul><li>application integration </li></ul></ul></ul><ul><ul><ul><li>24*7 sustenance </li></ul></ul></ul><ul><ul><ul><li>Helpdesk support </li></ul></ul></ul><ul><ul><ul><li>security implementation </li></ul></ul></ul><ul><ul><ul><li>enterprise management through tight program management methodologies. </li></ul></ul></ul>
    12. 12. VANS <ul><li>A VAN is a communications network that typically exchanges EDI messages among trading partners. </li></ul><ul><li>Other services provided are </li></ul><ul><ul><li>holding messages in “electronic mailboxes” </li></ul></ul><ul><ul><li>interacting with other VANs </li></ul></ul><ul><ul><li>supporting many telecommunications modes and transfer protocols </li></ul></ul>
    13. 13. Some major VAN operators’ worldwide are <ul><li>AT&T </li></ul><ul><li>IBM </li></ul>
    14. 14. CASE STUDY : Sahara Life Insurance <ul><li>The company Sahara Life Insurance is Sahara India Parivar's venture. Launched with an initial paid-up capital of Rs 157 crore </li></ul><ul><li>http://www.saharalife.com/ </li></ul><ul><li>The need: </li></ul><ul><ul><li>To cut down on Paper Work in the company </li></ul></ul><ul><ul><li>To cut down processing time </li></ul></ul><ul><ul><li>To record every incoming paper from policy holders </li></ul></ul>
    15. 15. CASE STUDY : Sahara Life Insurance <ul><li>Requirements: </li></ul><ul><ul><li>Automate document validation and workflow throughout the organisation </li></ul></ul><ul><ul><li>Vendor had to provide the right solution in a short period of time </li></ul></ul><ul><li>Implementer </li></ul><ul><ul><li>Newgen Software Technologies </li></ul></ul>
    16. 16. <ul><li>Three Part Solution </li></ul><ul><ul><li>OmniCapture for scanning documents, </li></ul></ul><ul><ul><li>OmniDocs for document management, and </li></ul></ul><ul><ul><li>OmniFlow to manage automated workflow </li></ul></ul>
    17. 17. CASE STUDY : Sahara Life Insurance <ul><li>The benefits Processing time of a policy down to three days instead of the 15 days through traditional methods . </li></ul>
    18. 18. THANK YOU

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