“A lot of the game of AI today is finding the appropriate business context to fit it in. In the end, technology needs to be contextualized and fit into a business use case.”
Andrew Ng, Tech Entrepreneur
In the relentless pace of the digital economy, businesses face a stark reality—evolve or risk extinction. With a staggering 70% of businesses closing by their tenth year, the urgency for small and midsize businesses (SMBs) to perform smarter, faster, and more efficiently has never been greater. Advanced technologies, including artificial intelligence (AI), hold the potential to help SMBs adapt and thrive amid a dynamic business landscape. And the simplest, most effective, and most practical way to introduce AI into your organization’s workflows is by adopting an intelligent cloud-based ERP solution like Acumatica.
Evolutionary, Not Revolutionary AI
We constantly hear how AI is impacting every aspect of society in sweeping, life-changing (and sometimes scary) ways. However, AI’s impact on ERP applications is less revolutionary and more evolutionary. In other words, we’re not talking big, alarming shifts. We’re talking about practical, efficient tools that streamline tasks and free our time for more human interactions. That’s not to say this type of AI is any less intelligent—it’s just more task focused.
When powered by an intelligent platform that seamlessly incorporates AI and machine learning (ML), ERP solutions like Acumatica connects teams, data, systems, and processes, fostering an environment conducive to growth, efficiency, and adaptation.
A Catalyst for Evolution
Legacy, on-premises ERP applications often grow stale as publishers shift development resources to SaaS solutions. This stagnancy stymies your business’s ability to grow, flex, and adapt. On the other hand, Acumatica exemplifies the power of innovation.
Acumatica Cloud ERP uses an intuitive platform, harnessing cloud and mobile technology, AI, and machine learning. This intelligent integration automates organizational processes and empowers strategic decision-making. With biannual updates, your business remains equipped with the latest, most innovative—and most practical—technology.
Acumatica ensures its ERP solution aligns with the evolving needs of SMBs by continually weaving customer feedback and AI-powered workflows into development. As evidence, the most recent release of Acumatica introduces several user-requested, progressive enhancements, including:
- Strengthening global operations by retrieving values in any language through OData
- Streamlined accounts payable processes
- Enhanced payment processing efficiency
- Enablement of additional workflow automation and intelligence
- Integration with Gmail for seamless communication
These enhancements boost efficiency and allow your business to focus more on customer-centric activities, a critical factor for growth.
The Utilitarian Charm of AI in ERP
While glitzy applications of AI make the news, we believe the true beauty of AI in ERP lies in its utilitarian value. Here are a few practical benefits AI brings to ERP:
- Improved Decision Making: AI algorithms can process and analyze vast amounts of data, offering insights that support more informed and strategic decision-making.
- Enhanced Efficiency: By automating routine tasks and processes (like AP invoicing), AI in ERP frees up valuable time and resources, allowing staff to focus on more complex, value-added activities.
- Predictive Analysis: AI’s ability to forecast trends and outcomes helps businesses plan and allocate resources, reducing risks and capitalizing on future opportunities.
- Personalized Customer Experiences: AI-driven ERP systems can tailor experiences and interactions based on customer data, improving satisfaction and loyalty.
- Real-Time Insights and Reporting: With AI, ERP systems provide real-time analytics and reporting, offering a current view of business operations and performance.
Acumatica, with its AI and ML-driven capabilities, offers businesses a suite of tools that enhance efficiency and decision-making. Caron Business Solutions recommends Acumatica for its ability to provide:
- Scalable AI solutions that grow with your business.
- Intuitive data analytics and reporting tools.
- Customizable AI features tailored to specific business needs.
- A user-friendly interface that simplifies complex processes.
Practical AI for Real Businesses
While AI’s outsized potential for changing the world steals the spotlight, businesses must cut through the hype. Caron Business Solutions emphasizes the need to focus on AI’s real-world applications. The goal is to leverage AI in ways that yield tangible benefits for your business. We’re seeing the results in our Acumatica clients through faster processing, fewer touchpoints, fewer errors, and scalable workflows. We’d love to show you how Acumatica can fuel practical, transformative changes for your organization. Contact our Acumatica team to learn more.