Epicor Advanced Requisition Management (ARM) 2024.2.1 introduces powerful new features to streamline procurement and accounts payable. Highlights include a new Requester feature for centralised request management, AI-powered Smart Risk Analysis for proactive fraud detection, and vendor-specific search filters.
When it comes to improving the efficiency and productivity of your business, enterprise resource planning software plays an important role. Whether you’re a manufacturing company, a trade distributor, or working in aged care, the benefits of ERP software solutions are undeniable.
This article explores the critical distinction between ERP features and functions, and how understanding this difference has empowered businesses like Milne Agrigroup, Steel Blue, KLINGER, and Hypex Electronics to maximise the value of their ERP systems, leading to streamlined operations, improved decision-making, and driving growth.
When large volumes of invoicing are required, AI-enhanced OCR is better equipped than traditional OCR to handle the complexities and variations encountered in financial documents. This capacity to automatically capture, extract, and validate data from PO invoices, and match to PO receipts, enables businesses to process invoices more efficiently, reduce errors, and gain better visibility into their financial obligations.
ERP software developers are keeping pace with advanced technologies by innovating and adapting ERP solutions to meet evolving industry challenges and demands. The future of AI in ERP software is a journey marked by continuous evolution and rapid growth—forecasts predict the AI market will increase twentyfold by 2030.
Predictive maintenance and ERP integration enhances an organisation’s ability to make informed decisions, optimise maintenance resources, reduce downtime, and ultimately improve the overall reliability and efficiency of its operations.
Rapid evolution is the norm in the world of business technology, and future ERP technology is at the forefront of this transformation. Each advancement is not just an upgrade but a leap towards a tomorrow where these systems are streamlined, intuitive, and indispensable to modern business strategy.
Is it time for your business to banish the ghosts of the past and embrace ERP modernisation? ERP systems that no longer meet the needs of modern organisations are not just a source of frustration and significant challenge; they can haunt your business operations in truly frightening ways.
An ERP system with embedded CRM functionality, and ERP with integrated CRM functionality, are two approaches to combining ERP and CRM capabilities within a single software environment. The choice between the two approaches depends on factors like the level of customisation required, and the overall technical and operational preferences of the organisation. Is your business leveraging ERP and CRM for sustainable growth?
It’s crucial to grasp the potential consequences of security breaches and data leaks within your ERP system. Recognising potential threats is the first step toward fortifying ERP security so let’s dive into the common security risks you need to be aware of.
Businesses are becoming savvier around how to realise a faster time-to-value for their digital transformation technology investment. They are recognising the advantages of partnering with an ERP consultant to help them navigate the risks and challenges across the phases of an ERP purchase and implementation journey (and beyond) to maximise ERP benefits.
Procurement is an integral part of a company that involves operations, finance, logistics management, supply chain, and vendor relationships. Procurement thinkers understand digital technology is key to unlocking mutual benefits from these business areas while mitigating ongoing external risks.
The convergence of ERP and embedded big data analytics, offers tailored solutions that align with organisational nuances, industry dynamics, and market demands.
