EDI Technology Archives - Page 3 of 4 - GraceBlood LLC

What is an EDI Payment? Process, Benefits & Insights

We often get the question, “What is an EDI payment?” The answer is not as cut and dry as you’d hope. EDI (Electronic Data Interchange) payments (also known as EDI 820) have revolutionized how businesses handle financial transactions. By replacing manual processes with automated, electronic communication, EDI payments streamline operations,…

How One Generation is Shaping the Future of Supply Chains

The recent CNBC article titled “Gen Z is finding love at a surprising place you visit often, study reveals” highlights a notable shift in consumer behavior among Generation Z, with a growing preference for in-person shopping experiences over online alternatives. This trend has significant implications for the Electronic Data Interchange…

Everything You Need to Know About EDI Invoicing

Businesses of all sizes are constantly seeking ways to optimize their financial operations (at least, they should be), improve cash flow management and automate invoice processing. One of the most transformative innovations in financial processing is EDI, which has become a cornerstone of invoice automation. EDI replaces traditional paper-based invoicing…

How EDI Automation Powers Black Friday & Cyber Monday

Black Friday and Cyber Monday have become global retail phenomena, generating billions in revenue within a short span of days. Bain.com predicts that this year’s shopping weekend will hit a staggering $75B! Behind the seamless shopping experiences that millions of customers enjoy is a sophisticated network of technology. This technology…

Understanding the Difference Between Credit Card Processing Fees and EDI Processing Fees

When businesses look to streamline their financial transactions and operations, they often leverage two critical tools: credit card processing systems and electronic data interchange (EDI) systems. Both play pivotal roles in modern commerce but involve distinctly different technologies, purposes, and fee structures. Understanding the differences between credit card processing fees…

How the 2024 US Election Impacts Supply Chain Dynamics

Now that the long-awaited election results are in, let’s look at how the incoming administration may affect the supply chain going forward. Conservative policies typically focus on deregulation, free-market principles, lower taxes, and a robust national defense, all of which have significant ramifications for global trade and logistics. While each…

EDI Mapping: The Backbone of Efficient Data Exchange

With today’s competitive and global marketplace, efficient data exchange is crucial for maintaining competitive advantages and fostering strong partnerships. One of the most vital components of this process is EDI mapping, which serves as the bridge between different systems and formats. In this blog, we’ll delve into the intricacies of…

How an ILA Strike Could Trigger Massive Supply Chain Disruption

In the intricate web of global trade, every thread is crucial. Among these threads, the International Longshoremen’s Association (ILA) plays a pivotal role. Representing dockworkers at major U.S. ports, the ILA is integral to the smooth functioning of the nation’s supply chain. However, a strike by this powerful labor union…

How the Growth of Fast Casual Dining has Impacted Food and Beverage B2B Technology

EDI continues to be an in-demand technology, and the food and beverage vertical is not showing any signs of slowing down. The restaurant industry in particular has experienced a dramatic shift, with fast casual dining emerging as a dominant force. Four years ago, the pandemic forced many “mom and pop”…

Transportation Intermediary Association (TIA) Conference 2024

GraceBlood attended the TIA conference last week in Phoenix. First of all, we learned that the logistics industry is full of super-smart and friendly people. The second thing we learned is that there are a lot of opportunities for us to form partnerships in this space. In today’s globalized world,…

The Ripple Effect: How Retail Acquisitions Impact Supplier EDI Compliance

In 1997, Safeway acquired Vons/Pavilions. Then in 2015, Albertson’s acquired Safeway. And in 2022, Kroger attempted to acquire Albertson’s for $26.4 billion. Fast forward to February of this year and the Federal Trade Commission announced it is filing a lawsuit to block the acquisition stating concerns about the merger being…

EDI Budgeting Hacks

Three Creative EDI Budget Management Solutions Fall is the time of year when EDI managers start looking at what’s left in the current budget and what projects can be set aside for next year. If, at this time of the year, you find yourself with unspent money in your IT…

B2C & B2B Technology Perspectives

It’s almost unheard of in 2023 for a business to not accept credit cards. According to Insiderintelligence.com, in 2022 US companies transacted $3.089 trillion in credit card sales. When you factor in the 2.5% average credit card processing fee, US companies are spending $75B on credit card processing – and…

Understand EDI Compliance and Eliminate EDI Chargebacks!

Updated July 7, 2023 Photo appears courtesy of Brianna Lehman. As a person who has worked in the EDI area for many years, I have learned that it is not an easy task to always stay current and on top of all of your customer’s EDI compliance requirements. Not only…

Too Many Cooks in the EDI Kitchen

Photo appears courtesy of Les Roches Global Hospitality Education. We have spent many years implementing and supporting EDI solutions from Liaison Technologies with both private and public companies, including the military. There is often a “the more the merrier” philosophy when it comes to getting people involved in conference calls…