Going beyond traditional EDI..
Using First B2B iRules has benefits for you and your Trading Partners that go beyond those available via traditional EDI.
The First B2B iRules module was designed to add value to all parts of the supply chain. It allows First B2B clients to specify their own business rules to suit their individual systems and business document requirements.
Most standard electronic document exchanges will allow you, as a client, to specify your mandatory data requirements; some may even allow format masks to be checked for data items such as Purchase Order Numbers. First B2B clients enjoy a much more sophisticated range of options to add greater value to their electronic document processing.
Documents can be cross checked against other business documents, even if they have not been processed by First B2B. For example, invoices can be cross checked against a combination of Purchase Orders and Goods Receipt Notes. Documents can be automatically held until reference documents arrive, for example invoices are held for one client until the relevant Goods Receipt Note has arrived, if it doesn’t arrive within 48 hours then, by agreement with the client, the invoice is released anyway. This leads to substantial improvements in the cost of processing invoices.
Suppliers benefit too, because if an error is found in a document they are informed within seconds of the error being detected, allowing them to correct the errors in a timely fashion, which ultimately leads to improvements in Day Sales Outstanding. Suppliers can also correct certain errors via the First B2B portal and resend documents from there, if their own systems do not allow such corrections to be so easily made.
iRules was designed from the start to improve electronic data exchange beyond the norm, offering First B2B clients and their Trading Partners significant advantages over traditional EDI.
With First B2B iRules:
- Reduced Data Errors
- Improved Return on Investment
- Improved Trading Partner satisfaction
- Improved Day Sales Outstanding with invoicing
- You and your team only deal with valid documents
Over the medium to long term you will also benefit from:
- A substantial and sustainable Return on Investment
- Greater trading partner integration and retention
- Reporting on Trading Partner accuracy levels
- Increased functionality and business returns
Significant cost savings