An increase of almost 20,000 businesses in Australia in 2022-2023 alone highlights the need for companies to continuously innovate and adapt to stay ahead of competition. As businesses grow, so too does the complexity of operations. Find out how scalable ERP systems can become the backbone of your expansion journey.
Key drivers for ERP
AI-OCR is Reshaping AP
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.
AI-Driven ERP Software
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.