Overview of TransactionExchange.com
* Zero Capital Outlay needed * Zero maintenance overhead * Multiple protocol support * Pay as you use |
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Traditional EDI model - an extremely restrictive paradigm: Traditionally, businesses have invested hundreds of thousands of dollars in hardware & software to set up an EDI system. Predictably, only large companies became EDI-enabled and they could only use this infrastructure to transact with other large trading partners. Small and mid-sized businesses cannot afford the investment in EDI. So, a gap exists:
Moreover, once such an investment is made, the entire infrastructure only operates within that protocol. If a trading partner uses X.12 (EDI protocol) while another uses cXML, the two cannot talk to each other unless an additional translation is performed. All of this only complicates the EDI system further. The TransactionExchange solution! TransactionExchange.com expands the traditional EDI paradigm. The members of your trading ecology DO NOT NEED to make any infrastructure investments to transact electronically. That's right! Zero Capital Outlay!! TransactionExchange is a hosted, on-demand EDI service for companies of any size. Various organizations can connect into this platform and form their own trading partner network. Within this network, transactions like Purchase Orders (POs), Advance Shipment Notices (ASNs) and Invoices are exchanged securely and seamlessly. This service is available on-demand, and is priced per transaction-line. You simply pay to the extent that you use. Its a bit like having the entire logistical infrastruture of the USPS available to you for the cost of a postage stamp! [See Overview]. EMPOWERING business-users. Given that EDI infrastructure is extremely complex, only specially trained technical personnel are needed to manage it. Business users must go through IT personnel to detect and remedy any transmission failure.With TransactionExchange end-users can monitor their transactions easily using a secure online web portal. TransactionExchange tracks all document activity and presents this information using simple English. TransactionExchange also groups transactions into logical transaction-sets. For instance, a PO can be fulfilled by a vendor over many months and hence have multiple ASNs and Invoices attached to it. Traditional EDI treats each document as an independent entity with no connection to preceeding or succeeding transactions. TransactionExchange logically groups transaction-sets so that business-users can quickly determine which ASNs and/or Invoices are attached to which PO. In summary, the benefits of TransactionExchange.com are:
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