With generative AI now commonplace in most businesses, it’s critical that your business gets the most out of the technology.
However, the benefits of Gen AI go far beyond chatbots and extend to many areas of modern business. ERP (Enterprise Resource Planning) is a prime candidate for an AI boost, helping companies make smarter and more effective decisions when making major purchases.
Epicor has been one of the biggest players in the ERP market for some time, especially when it comes to manufacturing and retail companies, and has now embraced the AI future with its new Prism Gen AI service.
Epicor prism
At a briefing event attended by Ny BreakingEpicor outlined how Prism can make a real difference for companies that want to ensure every decision counts.
The platform includes a code assistant that can create automated business processes faster than ever and provides a conversational platform to understand manufacturing and purchasing insights.
The company also has some pretty dynamic customers who have signed up to showcase the power of Epicor Prism, including the Visa Cash App RB (VCARB) Formula 1 team.
The team’s ERP manager can use the code assistant tool in Epicor Prism to create production reports and automate processes much faster than ever before, meaning they can respond to changing needs and market demands.
Epicor Prism can also analyze insights from historical production and business data to quickly find information or metrics that previously took hours to track down or calculate – all accessible through a conversational model that provides real answers to real questions.
In the fast-paced world of Formula 1, making split-second decisions can mean the difference between success and going home empty-handed. The VCARB team is also exploring using Epicor Prism to automate internal purchase approvals, so that managers like Team Principal Laurent Mekies and CEO Peter Bayer can approve purchases from anywhere in the world.
And ERP can also help speed up procurement, making it easier and faster to send RFQs to suppliers, rather than analyzing quotes to find out what the best option will be – a crucial consideration in Formula 1, where even a small improvement can make a world. of difference.