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Updated EDI Transaction Reporting for RedTail's Managed EDI Services Solution
New offering provides up-to-date, timely reports of all EDI transactions for suppliers and manufacturers via secure Web access
Westborough, MA — December 10, 2008 — RedTail Solutions, a provider of managed services for electronic data interchange (EDI) and global data synchronization (GDS), has announced the availability of enhanced EDI Transaction Reporting.
This new capability is aimed at providing manufacturers, suppliers and distributors with more timely and in-depth reports, accounting for all EDI data that have been exchanged with their trading partners. With these in-depth reports, customers are able to confirm that all pertinent EDI transactions have been exchanged properly, eliminate penalties associated with non-compliance and ultimately streamline business processes, RedTail said.
The solution provider said that its on-demand, managed services offering handles all order-to-cash EDI communications between suppliers and their larger trading partners through its RedTail Transaction Manager (RTTM). The company's managed EDI services solution is integrated with several popular mid-market business accounting solutions from Microsoft, Sage and AccountMate.
RedTail CEO Bob Gleason said that the timing of the launch of the new reporting capability was propitious, give that EDI traffic increases significantly during the busy holiday season. "Conducting business with larger companies like Wal-Mart, The Home Depot and Target can be daunting for mid-sized businesses," Gleason added." By providing EDI reports at this level of detail, we are able to give our customers an added level of validation and confidence, so they are able to focus on their day-to-day business needs."
The new EDI Transaction Reporting is accessible securely via the Web on a daily or weekly basis. RedTail pointed to several benefit of using the offering, including:
RedTail's EDI Transaction Reporting is currently available to existing customers at no additional charge.
This new capability is aimed at providing manufacturers, suppliers and distributors with more timely and in-depth reports, accounting for all EDI data that have been exchanged with their trading partners. With these in-depth reports, customers are able to confirm that all pertinent EDI transactions have been exchanged properly, eliminate penalties associated with non-compliance and ultimately streamline business processes, RedTail said.
The solution provider said that its on-demand, managed services offering handles all order-to-cash EDI communications between suppliers and their larger trading partners through its RedTail Transaction Manager (RTTM). The company's managed EDI services solution is integrated with several popular mid-market business accounting solutions from Microsoft, Sage and AccountMate.
RedTail CEO Bob Gleason said that the timing of the launch of the new reporting capability was propitious, give that EDI traffic increases significantly during the busy holiday season. "Conducting business with larger companies like Wal-Mart, The Home Depot and Target can be daunting for mid-sized businesses," Gleason added." By providing EDI reports at this level of detail, we are able to give our customers an added level of validation and confidence, so they are able to focus on their day-to-day business needs."
The new EDI Transaction Reporting is accessible securely via the Web on a daily or weekly basis. RedTail pointed to several benefit of using the offering, including:
- Single view of the EDI transaction cycle: Offers a single view of the entire EDI process — all EDI transaction data are accessible on demand and can be sorted by date, EDI transaction type and trading partner.
- Speedier dispute resolution and accelerated order-to-cash cycle: In the event of a dispute over delivered EDI documents, customers can provide verification to a trading partner that outbound invoices or advanced ship notices (ASNs) were received and acknowledged.
- Avoiding deductions and chargebacks: Customer can improve compliance and reduce EDI related charge backs.
- Reconciliation of ERP and EDI: Offers straightforward reconciliation of internal transaction counts with actual EDI interchanges, ensuring that every customer order is received and every invoice is acknowledged by the customer for payment.
RedTail's EDI Transaction Reporting is currently available to existing customers at no additional charge.
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