Now that generative AI is commonplace in most companies, it is paramount to ensure that your company makes the most 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 businesses make smarter, more effective decisions when making major purchases.
Epicor has been one of the biggest players in the ERP market for some time, particularly when working with manufacturing and retail companies, and has now embraced the future of AI with its new Prism Gen AI service.
Epicor Prism
At an information event attended by TechRadar ProEpicor described how Prism can make a real difference for companies looking to make sure every decision counts.
The platform includes a code wizard that can create automated business processes faster than ever, as well as offering a conversational platform for production and purchasing information.
The company also has some pretty dynamic customers signed up to show off the power of Epicor Prism, including Formula 1 team Visa Cash App RB (VCARB).
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, meaning they can react to changing needs and market demands.
Epicor Prism can also analyze historical production insights and business data to quickly find information or statistics that previously might have taken hours to track or calculate; everything is accessed 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 or going home empty-handed, and the VCARB team is also considering using Epicor Prism to automate internal purchasing approvals, so that executives like team manager Laurent Mekies and CEO Peter Bayer can approve purchases anywhere in the world.
And ERP can also help speed up purchasing, making it easier and faster to send quote requests to suppliers than to analyze quotes to determine which will be the best option – a vital consideration in Formula 1, where even a small improvement can make a world. Of diference.
