Standardized processes for document exchange with industry partners

XD Cloud / News  - 
Smooth data exchange between manufacturers, wholesalers and tradespeople is essential in the three-stage distribution channel.

All of these processes generate numerous business documents that need to be exchanged efficiently and error-free between all market participants. Manufacturers receive orders and send invoices. Central regulators receive sales reports from their affiliated wholesalers and then send orders to the manufacturers.

Studies show that digital invoice data is now highly relevant for companies. However, paper documents are still primarily used for document data such as orders, delivery bills, etc. (source: Bitkom, 2022). This leads to a loss of efficiency and significantly inhibits innovation potential. In particular, higher costs are incurred, e.g. for postage, paper and printing, but also for the storage of documents.

The XD Cloud Supplier offers you the opportunity to minimize your efforts and costs, digitize your processes and make communication with your trading partners more efficient and secure. Smooth data exchange between manufacturers, wholesalers and tradespeople is essential in the three-stage distribution channel.

 

The benefits include

  • Internal sales: The seamless and integrated provision of e.g. quotation information simplifies and accelerates the ordering and procurement process from the buyer's perspective, thereby increasing sales potential.
  • Invoice verification: The fast and efficient delivery, processing and therefore faster payment of an invoice leads to liquidity and cost benefits.

Further information on the XD Cloud solution can be found here: Document management for manufacturers & wholesalers

Do you have any questions about EDI or digital document exchange in general? Then you are welcome to contact us by e-mail at service(at)itek.de or by telephone on 05251 / 1614-0. We will be happy to help.