What additional and meaningful responses do you have on the paragraphs below regarding new opportunities e-commerce solutions like EDI present for internal and external perpetrators trying to defraud companies? See paragraphs below.

There is both advantages, and disadvantages of a company transitioning to EDI. The risk of fraud is present in all aspects of business. Internal, and external perpetrators will always look for ways to commit fraud in any system. Moving to more modern systems of commerce is a smarter more practical move, and also reduces your risk. The following are both advantages and disadvantages of using EDI. An advantage of using EDI would be it's cost effective:cutting paper waste and all paper processing quickly reduces paper costs. There is efficiency: cloud-computing and machine learning eliminates computational repetition, redundancies, and errors that would be more common among humans. Another advantage is speed: the electronic transfer of data ensures more consistency and accuracy without sacrificing pace. Then, there is accuracy. Accuracy involves using cloud computing technology, you are able to transfer documents faster than would have otherwise been possible. The service provides faster processing means better customer service, over all; in turn, helping you to expand your customer base.

The disadvantages are EDI uses multiple standards which can often limit how many devices can be connected to the network. EDI could also have too many rigorous standards bodies with too many document formats which can malfunction in the face of cross-compatibility issues, which you will definitely encounter as you continue to apply more standards. EDI has a higher price point, which can be a little pricey for new business owners. Large companies might actually find that EDI can limit the types of partnerships you can develop with.