AI + ERP = the dream team for digital transformation

Reimagining ERP: IFS and AI lead the way

As both the curiosity and appetite for artificial intelligence continues to grow, companies must quickly learn when, how and why they should utilize it to strategically innovate their business. AI is quickly changing how organizations use time, by automating repetitive tasks and streamlining decision-making processes. It can also help make smarter, faster and more reliable decisions by continuously learning from new data. Through this automation, businesses can reduce risks, boost productivity and even drive sustainability by cutting carbon emissions. If you’re familiar with pursuing foundational technology investments, you can understand how a clear strategy is instrumental in getting started.

AI’s emergence in the ERP space

Digital transformation has taken many forms over the years. Dramatic improvements to data-driven decision making and operational efficiency didn’t start with AI. It started with integrated Enterprise Resource Planning (ERP). For years, ERP has continuously provided benefits like data security, improved compliance, better reporting and forecasting, cost savings and more. Now with the evolution of AI in ERP, it can continue to enhance and reshape how businesses operate by making them more agile while becoming faster to drive business success.

Why AI in ERP is now central to business strategy and innovation

Companies benefiting from AI typically built their digital foundations before implementing advanced technologies. AI readiness requires a comprehensive strategy and understanding of your organization’s landscape. For those already investing (or looking to invest) in an ERP system, the transformation potential of AI is revolutionary. Modernizing for tomorrow demands a flexible digital backbone. The right ERP solution, like IFS Cloud, can adapt to your business needs and readily integrate with any pre-existing software solution or application. With AI, ERP solutions can transform into intelligent platforms that will continuously learn to become an operational asset. The AI can help monitor and learn from data, prevent unwanted disruptions, automate invoice processing and even resolve common issues while improving the user experience. ERP systems play a pivotal role in business strategy by unifying all core functions into a single system, providing a unified, real-time view of operations. Integrating AI only enhances the strategic importance of existing ERP systems, shifting from a system that reacts to one that proactively drives business decisions.