For years the benefits of electronic integration of supply chain integration documents have been clearly identified by businesses, consultants and acknowledged in academic studies. However, achieving overall and seamless data exchange has often been troublesome. First B2B have developed a software service that can extract the data from PDF documents and turn it in to a truly electronic data stream. This opens up Business to Business electronic document exchange to a much wider audience.
For years the benefits of electronic integration of supply chain integration documents have been clearly identified by businesses, consultants and acknowledged in academic studies. Whether you are integrating documents from the procurement, finance or physical supply chain, the benefits of reducing human effort and error retyping information from one computer system to another are clear for all to see.
Depending upon the studies you believe, the benefits can be anywhere from €3 to €15 per transaction and when you multiply out the number of transactions by those amounts the potential savings are significant. Furthermore, this is before you include the more esoteric factors such as improved customer service, less erroneous data entry, shortened lead times and better payment terms.