Adoption of the new standard has already occurred in large and diverse ecosystems such as the European gas industry and the Australian government.
How you integrate your applications and data flows with your suppliers, customers, partners and regulators is more than an IT issue. It is also a critical business issue, since B2B processes (such as order fulfillment, delivery, invoicing and payments) impact everything from revenue and expenses, to risk management and compliance, to growth strategies and multi-national M&A.
If your B2B and EDI infrastructure is disjointed and outdated, then it’s basically a cost center that can do little to help your business expand, improve efficiency or respond quickly to problems, regulatory changes and windows of opportunity in the era of digital business. But if your infrastructure is integrated, agile and based on the latest standards, it can do all of those things and more.