ERP (enterprise resource planning) is a type of software that helps companies manage their business operations, including production, purchasing and decision-making.
AI is changing the way companies make decisions, and ERP is no exception. It is like an enterprise's central nervous system, connecting all departments and functions to ensure seamless modules.
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Epicor Prism, a new AI-powered ERP service, is bringing the benefits of generative AI to businesses, making them smarter and more efficient. It includes a code assistant that automates business processes faster than ever before and a conversational platform that provides insights into production and procurement.
What services does Epicor Prism serve to businesses?
- Analyse vast amounts of data to identify patterns and trends.
- Make predictions and ask for predictions.
- Automate routine tasks and free up staff to focus on strategic initiatives.
- Improve customer service with personalised recommendations and offers
- Identify bottlenecks and improve productive workflows
- Send RFQs to suppliers and analyse quotes in minutes.
Additionally, with Epicor Prism, companies can also analyse historical data, track information and make split-second decisions. The Visa Cash App RB (VCARB) Formula 1 team has already used this AI technology to generate production reports, automate processes and analyse insights.
The team's ERP manager can now react to changing needs and market demands faster than ever before. For example, if a part needs to be replaced, Epicor Prism can automatically generate a purchase order and send it to the supplier for pricing.
Epicor Prism can also automate the internal approach to procurement, making it easier and faster than anywhere else in the world. This is particularly important in Formula 1, where even a small improvement can make a world of difference.