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Benefits Of Edi

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Dale Wine
Dale Wine

The document discusses the benefits of electronic data interchange (EDI) for accounts payable processing. It states that EDI can save time by eliminating delays, reducing errors, and avoiding duplicate payments. It also allows staff to focus on more strategic tasks rather than data entry. Studies show that EDI can reduce invoice processing costs by 59% compared to manual processing. By increasing electronic invoices from 2% to 80%, on-time payments can increase by 7% while taking advantage of early payment discounts three times more.

BusinessEconomy & Finance
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RELI ABILITY The Benefits of EDI or Time Equals Money
Saving Time ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],More efficiency… less cost.
General Guide ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],More efficiency… less cost.
Deployment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],More efficiency… less cost.
Accounts Payable ,[object Object],[object Object],[object Object],[object Object],More efficiency… less cost.
Invoicing ,[object Object],[object Object],[object Object],[object Object],[object Object],More efficiency… less cost.
Processing ,[object Object],[object Object],[object Object],[object Object],[object Object],More efficiency… less cost.
EDI Benefits ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],More efficiency… less cost.
Time Equals Money ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],More efficiency… less cost.

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