£170 Million Wasted on Old EDI
Saturday, May 28th, 2011
£170 MILLION* PER ANNUM WASTED ON TRADITIONAL EDI
Despite being in one of the toughest business environments for decades, UK business is continuing to waste over £170 million per annum on traditional Electronic Data Interchange (EDI). Traditional EDI, is an old network, developed originally in the 1980′s, is used between business’ to exchange data such as purchase orders and invoices.
An Office of Fair Trading report estimated the cost to UK business of traditional EDI at approx £170 million per annum. This consisted of £70 million of transaction costs, £50 million of managed service costs and a further £50million of software costs. Applied over a typical 3 years period for IT costs, we are looking at over half a billion pounds of cost.
Cloud based EDI provides an opportunity for UK business to make huge savings with relatively modest effort to switch. In the majority of cases this effort consists of simply sending and receiving data to lower cost cloud based services. Cloud services, operate using the latest technologies enabling much of the costs of traditional EDI to be removed.
Hauste Group, a world leader in cloud based services, provides secure commercial grade cloud services enabling business’ to migrate to the Cloud with minimal effort. Already thousands of businesses use Hauste services across Europe, and Asia benefiting from reduced costs and enabling opportunities for new efficiencies.
“Using traditional EDI is akin to using a donkey and cart to deliver good to stores. Sure it will get there in the end but your competitors may well overtake you on the way” comments Tony Duggan, Hauste CEO.
Contact us today to see if we can help cut your EDI costs.
*Source; Competition commission report http://www.oft.gov.uk/shared_oft/mergers_ea02/2010/GXS-Inovis.pdf Page 17
