What is an EDI and why does it matter to HR?

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Why it’s important: Easy access anywhere and on any device, no need for mass-storage capacity and updates are automated. The decision between SaaS and On-Premise is pretty important to an HR technology purchasing process.

Fun fact: 55% of SAAS companies rate Customer Retention Cost as the key metric to measure. If you have a SaaS vendor, ensure they value your business with great service.

What does On-Premise mean in terms of HR Software?
On-Premise: On-premise is installed and runs on computers on the premises (in the building) of the organization using the software, rather than at a remote facility such as a server farm or cloud.

In layman’s terms: On-premises software is sometimes referred to as “shrinkwrap” software, and off-premises software is commonly called “software as a service” (“SaaS”) or “cloud computing”.

Why it’s important: Advocates point to customization, security and control as israel phone number resource reasons to have their HR software on-premises.

Fun fact: 80% of companies that adopt the cloud (the opposite of on-premise) see improvements within their IT departments within six months.

EDI: Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners.

In layman’s terms: A process which allows one company to send information to another company electronically rather than with paper. Business entities conducting business electronically are called trading partners.

Why it’s important: Newer EDIs are a significant improvement over old, paper-heavy and faxing systems, but APIs are the best solution for syncing, seamlessly entering and updating benefits data real-time. Some benefits providers still insist that smaller companies enter information manually or with cumbersome EDI requirements (which smaller businesses cannot meet if they are doing most of their business in the cloud). This can hamper benefits and other data-based innovation.