How AI-driven ERP is already changing the game for businesses

In an industrial world where intelligent ERP is well on the road to becoming the norm, those who don’t adopt it will risk falling by the wayside, and those who do or have already done-so will need to continually find new ways of maximising its benefits in order to build or retain their competitive edge.  As six simple examples of many more, AI is already helping businesses to:

• Automate routine or complex tasks such as invoice processing, payroll, approvals, and route planning by using Robotic Process Automation (RPA) driven by AI.
• Enhance decision-making with predictive analytics that utilize machine learning to spot trends you might miss, so you can plan better.
• Improve both sustainability and profitability by using data-driven insights to reduce waste, optimise energy usage, and maximise resource management.
• Optimise inventory levels by employing AI powered demand forecasting algorithms for reducing the chance of overstocking or running out of crucial supplies.
• Improve demand forecasting accuracy by having AI models crunch the numbers and predict what’s coming next.
• Reduce costs and boost efficiency by performing less manual work, with fewer errors, and more time to focus on strategy and keeping ahead.

There are two main ways businesses adopt AI into core functions, one being Embedded AI directly built into the ERP system.  This often utilises machine learning libraries and pre-trained models for seamless automation and analytics.  The other is  Side-by-Side AI that brings advanced capabilities such as deep leaning models and/or specialized AI platforms, but without disrupting the existing system.

No matter which approach is used, the goal is the same: to continuously make a business ever more agile, proactive, differentiated, competitive, and profitable.

If you’re thinking, “This sounds great, but how do I implement AI in my ERP?”, come and talk to us at Platned.  With us as their partner, businesses are already doing all that I just described.

We even have our own AI integrated supplier payment product, Parsa.AI that works seamlessly with most modern ERP systems to automate invoicing & accounting, streamlining financial management.

Let’s talk!

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