4 Reasons Why Enterprises Need a Cloud-Based EDI Solution

EDI for EnterprisesEDI Cloud Technology Fulfills the Needs of Enterprises

Your enterprise has likely integrated many forms of cloud technology in the last decade – now it’s time to take your EDI service to the next level with a cloud-based EDI solution.

EDI and enterprises go hand-in-hand as EDI has allowed enterprises to exchange electronic communication securely for decades. Although many alternative technologies are available today, EDI still remains the preferred technology for enterprises because of its reliability and security.

However, EDI has modernized to meet the changing demands of businesses – most notably with the introduction of cloud-based EDI solutions. The following are four reasons why enterprises need EDI cloud technology to push their organization forward.

EDI is Secure1. Data Security

Although enterprises are often quick to adopt new technology, they’ve been slow to adapt to the security threats of the digital age. This is concerning because research has found that there are an average of 80 to 90 million cybersecurity incidents every year with an average total cost of each data breach valued at $3.8 million.

One reason that enterprises are struggling to keep up with security threats is that the demand to keep software updated is higher than ever. Another factor is that new technology doesn’t always meet the security standards necessary for enterprises.

EDI allows for secure electronic communication and meets the strict requirements of HIPAA and government agencies as a trusted communication method. The key advantage of outsourcing to an EDI provider is the assurance that your EDI software is consistently updated to the latest security standards without your IT team having to worry about it.

Reduce IT2. Less IT Infrastructure

Enterprises typically have large on-site IT infrastructures that require a ton of resources and maintenance. Depending on the industry and specific needs of a company, completely eliminating all on-site infrastructure might not be realistic.

However, most enterprises are discovering that the bulk of their IT needs are well-served by the current selection of SaaS businesses. Outsourcing to a cloud-based EDI solution transfers the responsibilities of physical hardware from the enterprise to the EDI provider.

As a result, enterprise employees can access their EDI software from any device without installing, configuring, and maintaining any additional hardware.

Enterprise Support3. Expert Support

People make or break a company’s success, and the challenges of management are especially difficult for large enterprises. Even if you have a great IT team in place, there’s a good chance they aren’t EDI experts. About 59% of businesses worldwide struggle to find the right talent, and that number only goes up when employers are hiring for tasks they don’t understand thoroughly.

When you use BOLD VAN’s cloud-based EDI solution, you have direct access to a support team spread across three U.S. time zones and Europe who have nearly 30 years of experience with EDI. Whether you need an issue resolved or you simply have a question about EDI, you get the support you need without the hassles of hiring and management.

Data Access4. Data Access

Enterprises use a tremendous amount of data and need access to all that data to make the best use of it. According to research, a 10% increase in data accessibility will result in more than $65 million additional net income for the typical Fortune 1000 company.

When your organization uses a cloud-based EDI solution like ours, your team has viewing access to all EDI data from the previous 90 days and your data is securely archived for seven years. Best of all, you don’t have to maintain the hardware required to store this data, and you can access it from any device with an internet connection.

It’s time to ditch the outdated, clunky EDI systems of the past and enjoy the convenience and flexibility of EDI cloud technology. Enterprises especially benefit from BOLD VAN because we offer unlimited EDI data exchange for a low monthly rate, accommodating as much volume as your organization needs.

Learn more about our cloud-based EDI solution for enterprises – BOLD ENTERPRISE.

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