5 reasons why EDI is still alive and well

Understanding the Benefits of Electronic Data Interchange.

Check out our EDI Solutions now

EDI Its Alive






Its been almost 15 years since Mark Hoffman of Commerce One declared “EDI is a dead man walking”.  Now perhaps Commerce One was ahead of its time but by 2003, it was the dead man, because in my mind, its focus was on driving people away from something that worked cheaply to a new model that would ultimately be disruptive.

The Lesson? Technology that enables missions critical operations are often the most protected. When companies find something that works, they’ll tend to stick with it. EDI wasn’t “sexy”, but it enabled 20% of the Global GDP for a fraction of the price of any other technology. In some worlds, that is much better than “sexy”.

So now lets take a look at the benefits of EDI and the advantages it offers that continue to drive demand.

1.Competitive Edge

Everyone in life wants to be considered as attractive. Some people are naturally attractive and some people unfortunately are not. But beauty is in the eye of the beholder (they say) which gives everyone a fighting chance. Now, if you are in business and are using electronic data interchange or EDI for short then you are extremely attractive to your customers. You are in their eyes cheaper and more efficient to deal with than a competitor trading on paper. Your costs will be lower because you require less man power to process orders, delivery or payments and you are stunning to them.

2.No more Duplication

When documents need to be re-keyed it increases the risk of costly errors. Nobody’s fault. Its just the fact that we are human and we make mistakes. So a better solution is to reduce these errors by allowing EDI to process and retrieve documents faster. It will do the heavy lifting for you whilst providing speed , accuracy and visibility.

3.Eliminate Paper

Below are the results of a 2013 study on the burden of paper on a non EDI company.

Here are some paper based facts on the average organization:
▪ On average, the cost in labor to file one document is €20.
▪ Between 2% and 5% of an organization’s files are lost or misfiled on any given day.
▪ Companies on average spend €120 in labor to find one misfiled document.
▪ 1 out of every 20 documents is lost.
▪ Approximately 25 hours are spent recreating each lost document.
▪ Approximately 10-12% of documents are not found on the first attempt.
▪ 400 is the number of hours per year the average employee spends searching for documents.
▪ More than 70% of today’s Businesses would fail within 3 weeks if they suffered a catastrophic loss of paper based records due to fire or flood.
▪ It takes an average of 10 minutes per paper document to retrieve, copy, and re-file.
▪ The average document is copied 19 times.
▪ The average worker makes 61 trips to the fax machine, copier and printer.
▪ 60% of employee time is spent working with documents.
▪ 90% of a business’s information is in documents
▪ Each four drawer file cabinet holds an average of 10-12,000 documents, takes up 9 square feet of floor space and cost €1500 per year.

4.Reduce Lead Times

Electronic trading documents can be delivered far more quickly than their paper counterparts, thus the turnaround time from order to delivery can be reduced. By using EDI for forecasting and planning, companies are able to get forward warning of likely orders and to plan their production and stock levels accordingly.Integrating EDI to your business allows documents be processed much faster, reducing lead times and speeding up payments.

5.Increase the Beauty of your Trading Relationship

Beauty is simplistic in nature and electronic documents are beautiful in there simplicity. Accurate documentation ensures accurate supplies and with sequentially numbered documents its easy to pinpoint missing documentation without trawling through piles of paper. Visibility is increased between buyers and suppliers and improves business relationships by dramatically reducing errors that can cause friction.


Posted by

Kevin Faulkner

Marketing Executive.


Visit our website for more information or for our latest blog posts follow @Celtrino on twitter.














Posted on February 17, 2016 in Uncategorized by
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Into Africa : Celtrino Looks To The Future

Just as the Irish winter begins to bite, my thoughts return to a recent business trip to Lagos Nigeria where their winter is quite a different story altogether. Previous travels in rapidly developing economies had prepared me for the infrastructural challenges I’d find. However, I’ll readily admit that my wardrobe is ill-equipped for attending formal meetings in 35o Centigrade!

 Planning such a trip took months of preparation. Fortunately, we were brilliantly assisted in our efforts. The Irish Government led a trade mission to Nigeria and Ghana in early December 2015 provided a fantastic support eco-system to Celtrino in terms of preparation and day-to-day on the ground activities.

 It was a real high impact tour de force performance by Minister Coveney (Minister for Agriculture, Food and the Marine), His Excellency Seán Hoy (our Ambassador To Nigeria) as well as event  organisers Julie Sinnamon (CEO of Enterprise Ireland) and Aidan Cotter (CEO of Bord Bia) and their talented teams.

Celtrino In Lagos With Minister Simon Coveney


(Photo From left to right: H.E Seán Hoy; Ken Halpin; Minister Simon Coveney; Julie Sinnamon)



During the packed 2 day visit I had great meetings with a diverse set of key players of relevance to Celtrino (including a pitch to 40 leading Nigerian Financial Service Providers). The focus of our meetings was the potential fit for our newest e-Commerce Marketplace services which offer scalable trading systems to the FMCG sector. The meetings went exceptionally well. The senior people I met responded very favourably to our proven track record and the modular nature of the service offerings.

 Culturally, I found Nigerians extremely friendly and professional in this ambitious dynamic changing country. In some ways, it helped that there are an estimated 40,000 Nigerians already living in Ireland and that Nigeria is well represented in Celtrino’s multicultural workforce comprising 14 different nationalities.

 In servicing the infrastructural trading systems needs of our customers as they grow their businesses, Celtrino plans to play its part in helping to generate €545 million of target Irish export revenues to Nigeria by 2018.   Onwards and upwards!

Posted on January 13, 2016 in Announcements, Celtrino Platform, Cloud Computing, e-Commerce, Event, Interview, Media, Newsletter, Social Media by
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Celtrino Is On The Move

So firstly hello, I know it’s been a while! You know how sometimes you just get too caught up with what’s going on and forget about things like blogs? Well that happened to us :( But that is going to change. Keep a close eye on Celtrino from now on because we have good news.

Bird Flying

Celtrino is flying from what has been its nest for the past 14 years. Parnell Street has been a great location for us for multiple reasons but mainly for being so well placed within the heart of Dublin City. Fear not though, our new location is in the Digital Hub.

More and more of Ireland’s top technology talent is being produced there. Ireland is getting recognized both at home and abroad for the outstanding quality of technology graduates. Celtrino has chosen the Digital Hub wisely (if you ask me) as it wants to be close to that talent.. The most up and coming center of technology growth in IRELAND!! Yes I did say for the whole of Ireland. So why wouldn’t we move there? It makes total sense.

The main focus of our move though is to grow our team of experts to match our business growth. Restricted space for expansion means that Parnell Street just doesn’t fit us all in anymore. We currently have a staff of 40 which we hope to grow to over 55! After all we need some extra space to flex our muscles right? We have placed special emphasis on increasing our sales & marketing departments to meet our current demand. We are at the forefront of our game, we are growing and it is being reflected by our move to bigger offices. Exciting news for us and for the economy.

Choosing the perfect fit is always difficult. I mean how many pairs of shoes do you try on before you find the right one? On the flip side it’s also hard to discard an old pair of shoes (which you love) because they are not sufficient anymore. This is how it felt for us (being so attached to our current base) but after an extensive search we have found the perfect fit and it has many benefits.

Re-locating means our current staff don’t have added travel time. We have a huge selection of shops and retailers to choose from. Lunch breaks will consist of trying out the new cafés and post work treats can happen just around the corner in the Guinness storehouse or Arthurs Bar :) !

Fish Bowl

So I guess by now you are eager to know where we are moving to? Well I will tell you where we are moving to, The Liberty Exchange, Meath Street, Dublin 8!

The area is under complete redevelopment, the Digital Hub is expanding with Celtrino being a central part of that expansion. This means that our building is brand new and getting fitted to suit our team of highly skilled and driven individuals.

Why not be a part of our future and keep an eye on our blog for the latest news and pictures on the exciting move ahead. We will keep you posted.


Posted by,

Céline-Fleur Halpin-Guillalot,

Junior Market Research Analyst.


Visit us for more information or follow @Celtrino



Posted on January 13, 2016 in Announcements by
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ERP and whats in it for me?

Lets take a closer look at Enterprise Resource Planning

ERP is a powerful business tool. It is very flexible and can adapt to most business needs. So what exactly is it?

Enterprise resource system ERP

Enterprise resource planning (ERP) is a combination of the various tasks that are essential to run a business that is burdened by the weight of its manual processes. These include accounting, human resource, supply chain, customer relationship management (CRM),inventory and order management  to name but a few.

The system reduces the need for manual processing and helps to streamline your business around one centralized location. It consists of a maintained database that allows all members within a company to view the same shared information. This allows staff to generate reports quicker, generate sales orders at speed and makes financial processes easier by automating a lot of the manual re-keying involved in many departments. It is all wrapped up in one user friendly system which makes business performance analysis painless.

The rise of ERP

If you had a time machine and traveled back to the 1960′sERP enterprise resource planning you would witness some manufacturing company’s using a technique which they referred to as Manufacturing Requirements Planning or (MRP). As it evolved, the process came to be known as Manufacturing Resource Planning and eventually Enterprise Resource Planning. The original MRP systems were used as an organisational and scheduling tool, but as the years rolled past and technology advanced in the 1970′s it was adapted and developed to become more business process friendly.

The systems began to have the ability to include customer and supplier information and it was not long before its uses became recognized by other industries.

By the time the 1990′s arrived Gartner had coined the term ERP and the rest is history.

So how can ERP add value to my company?

At its core, ERP helps employees to do their jobs more efficiently by breaking down the barriers between business units. More specifically, an ERP solution:

  • Gives a global, real-time view of data that can enable companies to address concerns proactively and drive improvements
  • Improves financial compliance with regulatory standards and reduces risk
  • Automates core business operations such as lead-to-cash, order-to-fulfillment, and procure-to-pay processes
  • Enhances customer service by providing one source for billing and relationship tracking

With an ERP solution, employees have access to accurate information that enables them to make better decisions faster. Not only that, but the software helps to eliminate redundant processes and systems, dramatically lowering the cost of doing business overall. When you add up these advantages, the value of ERP—particularly cloud based—is clear.

Posted by,

Kevin Faulkner,

Marketing Executive,


Visit us for more information or follow @Celtrino







Posted on January 11, 2016 in B2B Platform in the Cloud, Business Process Automation, Cloud Computing, CRM, ERP, Gartner, Integrated Supply Chain Management Platform, Sales Order Processing, SAP, Supply Chain Automation, Supply Chain Performance, Uncategorized by
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Why it’s Nuts to Bolt-on to your ERP.

Attempting supply chain automation within an ERP system can be a costly mistake. But there is a better way.

They say a camel is a horse that has been designed by a committee. Much the same can be said for many ERP systems, especially those systems installed in medium sized manufacturers.Red Robot 2

Manufacturers have let themselves be painted into a corner regarding their ERP platform. Bolting-on even more functionality to their ERP system is time-consuming, expensive, and a heavy drain on internal resources.

When that bolt-on functionality revolves around the supply chain, the logic is even more tenuous. Adapting and extending ERP systems calls for a specialised skill set. It’s rare for people with those skill sets to be equally adept at the intricacies of supply chain management and supplier on-boarding.

Times are hard, so why add cost and complexity to an already complicated environment when there’s something that’s already out there, and it’s tried, tested and proven.

That something, is the on-line supply chain transaction platform. Simply put, such platforms are a means of securely exchanging transaction-related documents electronically. They include: purchase orders, invoices, shipping notes, goods inwards, received notes, statements and everything else. Supply Chain Transaction Platform Info

How can we help?

Doing the heavy lifting of the hundreds of thousands of supply chain transactions outside the ERP system sharply reduces the cost and complexity. It reduces the time-to-benefit, and provides richer reporting functionality than the typical manufacturer would achieve on their own.


With Celtrino’s own on-line supply chain transaction platform, all of your supply chain activity is located, transacted and logged in the cloud. It feeds the ERP system with data that is known to be 100% clean and validated. Performance reports are available across a wide range of metrics. These metrics provide a high level of control and accountability right across the organisation.

By automating these paper-based processes, you push decision-making authority closer to where the work happens. There is no more logging into disparate systems or trawling through reams of paper to access critical KPI data.

Front-line managers can get the metrics that they need in order to be more efficient, while senior managers and the CFO get instant access to information to help with more strategic decision-making.

All this is achieved without burdening the ERP system with yet another layer of cost and complexity.

The message for manufacturers?

Fence off your ERP system, and instead invest in supply chain transaction automation where it will deliver the greatest ROI, on a built-for-purpose platform that specialises in such transactions.

Posted by,

Kevin Faulkner,

Marketing Executive,


Visit us for more information or follow @Celtrino



Posted on December 24, 2015 in Cloud Computing, CRM, ERP, Integrated Supply Chain Management Platform, Supply Chain Document Automation by
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Accounts Payable Automation and “What’s In It For You?”

Help your Accounts Payable department to save any time spent chasing lost documentation, by seeing the light and embracing the cloud!

sky-sunny-clouds-cloudy copy

The Staff who work in your accounts payable department love their job. It gives you peace of mind to think that they get your payable’s paid on time. You also like how they know where in the process, any invoice is at every moment in time right?


Now that we are finished dreaming let’s face the facts. The Accounts Payable process can be challenging, particularly if all you have to work with is a manual, paper-based AP process. That’s where Accounts Payable Automation comes in.

AP people are hard-working (we like them a lot) but they spend wasted time chasing lost documentation and requesting copies of invoices which is impacting on their work flow. You may not be aware of that fact but it’s true, go ahead and ask them.

We have spoken to enough companies before and after they changed over to accounts payable automation to know its true. So below I will outline the facts of how AP automation can make a difference:

The Benefits of Accounts Payable Automation on behalf of your AP staff:)

1.You can reduce your costs by streamlining your accounts payable process and you can deliver an immediate reduction in administrative costs

2.You can have an efficient world class accounts payable department that processes invoices with greater efficiency and accuracy than can be achieved with a manual, costly and error prone approach

3.You can improve profits (hooray!) by reducing accounts payable processing transaction costs, taking advantage of supplier discounts and eliminating late-payment penalties

Lady with money

4.You can clean up your data as only approved invoices are fed into your back office system reducing errors and speeding up the accounts payable process

5.You can eliminate paper and help to save the environment by automating your Accounts Payable process.  You will eliminate the need to track, trace and store paper invoices making your staff extremely happy.

Celtrino Accounts Payable Solution Here>

Each step of the Accounts Payable process is time consuming and the cost of one error can be significant.

Automating your AP process will allow you to take advantage of the cloud based technology that is currently evolving. It will tidy up the paper trail and make your accounts payable staff very happy.

In short, it will free up your staff to be more productive in the areas that matter like revenue growth. Which is never a bad thing.

If you would like more information then check out our  white paper “The Business Case for Accounts Payable Automation” to find out more.

Posted by,

Kevin Faulkner,

Marketing Executive.


 Visit us for more information or follow @Celtrino




Posted on December 9, 2015 in Accounts Payable, B2B Platform in the Cloud, Business Process Automation, Cash Flow Management, Cloud Computing, EDI, SaaS, White Paper by
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Businesses Are Facing Radical Technology Trends

cloud computing b2b services

Businesses are being continually challenged by new technology trends such as Mobile, Cloud Computing and Consumerisation. But only technology combined with strong business leadership can ensure businesses survive and thrive in the future no matter how challenging the market becomes.

Do these business challenges sound familiar to you?

  • Struggling to adapt your business model to new technology?
  • Not sure how to innovate to ensure best practices within your company?
  • Have your businesses change programs failed?
  • As a CIO are you connected with your company’s customers?
  • Do you have a diverse range of data languishing on one of your companies servers which is not being used to drive your business forward?
  • Confused about the cloud computing issue? What? When? How?
  • Worried about possible cyber-attacks on your company’s network?
  • Is your business model being threatened by more nimble and agile companies created through digital innovation?
  • Are you keeping up with market and technology trends?

Continue Reading…

Posted on May 12, 2014 in Announcements, CIO, Event, Summit by
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Celtrino SEPA Survey: The Results Are In

Celtrino SEPA SurveyAre you ready for the SEPA migration3

Last month, Celtrino undertook a survey to gauge the progress businesses have made with their SEPA switch-over. The survey gathered information on businesses’ SEPA-readiness and their general grasp of the changes SEPA will bring. The results showed a vast difference in the experiences of businesses with their migrations. Continue Reading…

Posted on March 5, 2014 in SEPA by
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Get One Month’s Free SEPA-Compliance with SEPALink

Celtrino SEPA Survey

SEPA on the keyboard

The migration to SEPA is now in full swing with many businesses in the process of, or having recently completed their switch despite the extension of the deadline by the European Payments Council. Celtrino are currently undertaking a SEPA survey to gauge the progress businesses have made with their SEPA switch-over. The survey is short and gathers information on businesses’ SEPA-readiness and their general grasp of the changes SEPA will bring. It also captures how they have made / plan to make the switch to SEPA.

Continue Reading…

Posted on February 21, 2014 in SEPA by
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IPSO Comments on Extended Transitional Period for SEPA Migration

IPSO continues to aim for full SEPA migration on 1 February

The following is a statement issued today by IPSO:

SEPALink logoThe Irish Payment Services Organisation notes the EU Commission’s proposal to amend Regulation (EU) 260/2012 as regards migration to the SEPA payment schemes. The 1st February 2014 end date is maintained and the commission proposal provides for an additional transitional period during which payments in legacy formats can still be processed. The proposal will minimise any possible risk of disruption in payments to consumers and businesses.

Continue Reading…

Posted on January 13, 2014 in SEPA by
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