Today, effective supply chain management is crucial to business success. As companies seek to make their way around the complexities of global markets and ever-increasing customer expectations, it’s become imperative for them to modernize their supply chains. In this article, we’ll get into supply chain modernization, focusing on the pivotal role of integration and Electronic Data Interchange services.
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Today more than ever, an uninterrupted flow of information is critical to organizations’ continued competitiveness. As data integration in modern business environments becomes more complex and the evolutionary pace of technologies picks up speed, electronic data interchange has emerged as a foundation of fast, efficient data management.
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More than half a century after its introduction, electronic data interchange is only becoming more indispensable in medical data exchange. By providing a standardized framework that reduces the instance of error and accelerates the flow of vital information, EDI in healthcare continues to reduce costs and boost efficiency.
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As technological advancements continue to speed the pace of global business, entities have come to rely on EDI managed services to streamline their operations and stay competitive. However, EDI implementation success depends largely on overcoming complex EDI integration challenges, which means that choosing the right managed service provider is critically important.
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In a recent survey, 80% of companies report they’re planning budget increases of 10% or more to modernize. On a related note, EDI, MFT, and APIs are forecast to grow between 13% - 25% annually.
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