Unsubscribe Newsletter #111 April 13, 2015 Is Your EDI Solution Out of Date? Use these 5 signs to determine if you need a new B2B integration provider The standard tools of B2B integration, such as EDI, VANs, and translation software have been around for more than two decades. In IT years, that's many generations of technology you've potentially missed out on, if your organization is still using the same B2B integration solution it started with. To succeed in today's world, you need strong relationships with suppliers, vendors, and customers. The strength of these relationships relies on B2B integration solutions that efficiently, reliably, and securely share data among your trading partners. Is it time for you to make the switch to a new B2B integration provider? Look for these five signs: Current solution pain points Supports only basic EDI formats Outdated document standards and communication protocols Cannot exchange documents w ith partners requiring new er formats such as XML Lack of internet connectivity options What you should look for in a solution Has support for today's prevalent data/message standards and communication protocols including EDIFACT, XML, HTTPS, AS2 API and Web services capabilities Cloud-based or on premise integration solution that allow s B2B integration to be consumed as a service Limited or inflexible implementation options On-premise solutions requiring significant IT overhead to maintain Dedicated staff to provide the considerable expertise required Professional services option for outsourcing initial implementation or configuration adjustments Managed services option for outsourcing B2B integration operations in their entirety Supports only core EDI security requirements Security risks and Non-compliance w ith industry concerns regulations and mandates Support for all secure communication protocols including EDIINT (AS1, AS2, and AS3) Compliance w ith industry security mandates such as PCI DSS Encryption capabilities for data at rest or in transit Data breach concerns Full audit and logging capabilities Time-intensive, manual error tracking Lack of Inability to identify problems in real time, transaction and resulting in delayed processing document visibility Inability to correct and resubmit data Solution is no longer supported by provider Not comprehensive or viable for long term needs Standalone solution that doesn't aggregate all trading partners and B2B integration technologies into one comprehensive view Difficulty scaling as your business grow Automated and proactive alerts and exception handling controls Real-time visibility into all B2B data flow and integration operations Ability to fix and re-transmit data Solution is actively maintained and upgraded A single solution that supports multiple data initiatives and B2B integration needs across trading partner community Ease of scalability SaaS Adoption Requires a New Approach to Security Complacency and confusion pose threats in an increasingly popular delivery and consumption model SaaS adoption is here to stay and needs to be managed. The departmentalization and consumerization of IT is not a fad, and it's now more crucial than ever for technology professionals to include lines of business and individual contributors in the decisionmaking process and enable them with the capabilities they need to stay competitive. Just as importantly, firms need clear, forward-thinking policies and technologies that are up to the task of addressing the new and evolving risks associated with sanctioned applications. Seek SaaS-focused solutions. Tried and true legacy perimeter and endpoint protections, having served their purpose in on-premises, controlled environments, are simply not designed with the threats and vulnerabilities of cloud environments in mind. Relying on these technologies alone in the context of new computing models is not only inadequate, but irresponsible. You must look beyond your current security portfolio for proper solutions designed to address the security gaps overlooked by many cloud consumers in their vendor contracts. 5 Ways to Improve Order Processing Efficiencies NetSymm automates orders into your ERP system and provides visib ility throughout the supply chain The ability to process orders quickly and efficiently is critical to the success of any distribution or manufacturing business. Once an order is submitted a warehouse needs to pick, pack and ship products, with inventory being reduced in real time and out of stock items being automatically reordered. To be as efficient as possible this process needs to be automated. If implemented correctly, an optimized order management process can reduce costs and improve customer satisfaction. Below are five best practices that will help ensure you have the most efficient and costeffective order management system in place for your business: 1. Communication: When an order comes in, if it is not communicated quickly to your warehouse you are valuable time needed to fulfill the order. Ensure your order management system is able to communicate orders from point of sale through to fulfillment in the quickest manner possible. Further, communication with customers is important for any business. Quick access to customer orders provides your business with the ability to respond quickly to customer queries, thereby cultivating a positive and, hopefully, long term relationship with them. 2. Consolidation: Consumers purchase products in various locations, whether it's through online marketplaces, your website, mobile or via call centers. Your order management system needs to be able handle all of these purchases without a glitch. And it needs to do so from a single, integrated system that is accessible by everyone in your organization. If using multiple systems for each individual channel, you have an increased potential for errors. 3. Managing Inventory: Synching your order management system to your inventory is critical to prevent orders, or refunds in the case of the item not being in stock. Nothing hurts a business more than not being able to fulfill a customer order. Have it happen multiple times and you may just lose a customer forever. By ensuring your order management system has access to real time inventory your orders will always be filled and your customers will remain satisfied. 4. Single Database: When a customer places an order, an abundance of information has to be received distributed throughout your organization. You need an order management system that consolidates all of this data and can be easily accessed by all necessary company employees. This not only reduces the time and resources needed to manage orders, but also the potential for error. 5. Automation: Every step of your order process should be automated. The more interaction employees have with the process, the more chance there is for human error, not to mention the increase in cost incurred. Your order management system must be able to reduce, and eventually, eliminate manual steps in the order process. Do so and you will increase efficiencies, free up valuable resources and improve your ROI. Managing orders is a complex process, yet one of the most important aspects for any manufacturing or distribution business. Hopefully, by following these simple steps you can move towards achieving an effective order management system that can help you improve efficiencies, reduce human error scale your business appropriately. Is your company processing orders manually? NetSymm Sales and Procurement Automation Solutions can help eliminate manual order processing. NetSymm is a cloud-based eCommerce platform that connects enterprises to customers and suppliers globally. You can connect anytime, from anywhere with a scalable, real-time, extensible, fast and secure solution. NetSymm provides: Connectivity Transaction Processing Conveniently connect with customers either through a customizable UI or directly with their ERP such as Oracle, SAP or Microsoft Customers can easily create and place purchase orders (POs) using NetSymm’s customizable UI or transfer POs directly from their ERP system Real Time Visibility Process Automation Real time synchronization of price lists, inventory levels, product info and customer info from supplier ERP Automatically converts and processes customer POs as sales orders and triggers transactions in supplier’s ERP Delivery and Status Reporting and BI Provides collaboration tools to obtain order status and delivery details Easily generates reports and performs business analytics Benefits with NetSymm Proven – In the cloud and built for the cloud with end to end integration with multiple ERPs Simpler – Intuitive and built for the future, NetSymm allows ease of ordering, supplier and customer onboarding and business process management Faster – Because speed wins. NetSymm is scalable and provides real-time visibility into inventory, pricing and order status Smarter – Better information management allows smarter ways to make business decisions Reliable and Secure – Automatic, secure, always-on transaction processing 24X7 Accurate – Eliminates manual error prone order processes Cost Effective – Lowers cost of POs processing using a software-as-a-Service (SaaS) model Eliminating manual error prone processes results in time and money savings, leading to quicker and more accurate order fulfillment and higher customer satisfaction. If you want to lead the way in automating your eCommerce transactions and collaborating with your suppliers and customers, then partner with NetSymm. Analyst Report To address new customer requirements in this customer-connected era, customers expect orders to arrive complete and on-time regardless of fulfillment flows involved. Best in class companies that invest in automation have 95% of orders received from suppliers complete and on-time versus 85% average for others.. Read the Full Report Read the Full Report Events Top Reasons to Attend SAP SAPPHIRE NOW SAPPHIRE NOW and ASUG Annual Conference is the ultimate opportunity to maximize your SAP investment and find solutions to your most pressing business challenges. Through face-toface interactions with executives, industry experts, peers, and SAP partners, you'll be able to leverage diverse points of view as you expand your business network. Learn best practices, explore cutting-edge solutions, and discover ways to reduce complexity in your business. With hundreds of sessions, you have the ability to customize your experience based on what's most important to you. Register Now! Gartner Supply Chain Executive Conference will be held May 12-14, 2015 in Phoenix, Arizona. Gartner Supply Chain Executive Conference is the world's most important gathering of senior supply chain executives. Gain the critical insights, tools and relationships that will prepare your organization for future success. Hot topics include Supply Chain Performance Management & Analytics, Supply Chain Transformation, Supply Chain Collaboration, Sale and Operations Planning and Supply Chain Segmentation. Register Soon! Terms of Use & Privacy Contact Us This email w as sent to: [email protected] © 2014 NetSymm. All Rights reserved. Call Customer Care: +1 855 NETSYMM Subscribe w w w .netsymm.com NetSymm Blog
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