Transforming ERP from a System of Record to a System of Action
The entire notion of ERP is moving from a system of record to a system of insights and action. At Epicor, we are innovating down the path to this exciting future, a vision for the industry we call Cognitive ERP. AI-infused ERP is poised to drive significant advancements in decision-making, forecasting, customer service, and overall operational efficiency, transforming ERP software into a dynamic tool that propels industries into a new era of technological empowerment.
Epicor + Smart Software
Epicor Acquires Smart Software for AI-Powered Inventory Planning & Optimization Technologies
Read the News ReleaseAI will be a fundamental, seamless, function of business technology. We see AI as part of a broader technology strategy to empower your people. AI will move us to a new way of doing business with ongoing decision-making, deeper visibility into ERP data, and unlocking growth using supply chain signals.
The exponential power and promise that AI-powered ERP will deliver is unmatched by any other element of an organization’s technology infrastructure. ERP sits at the heart of an organization, coordinating and managing core business processes across various departments. By infusing ERP systems with AI, industries are not just automating tasks but enabling these systems to think, learn, and make decisions in ways previously the sole domain of human intelligence.
94%
of business leaders surveyed say AI is critical to success over the next 5 years
Source: Deloitte
86%
of IT leaders expect generative AI to play a prominent role in their organization
Source: Salesforce
50%
of strategic planning and execution could be partially or fully automated
Source: Gartner
79%
of leaders surveyed have deployed 3 or more AI apps
Source: Deloitte
Benefits
Epicor FP&A utilizes AI and ML to transform financial and operational data, offering insights from diverse sources, including ERP and SCM systems. This facilitates improved forecasting accuracy and strategic planning, empowering businesses to make data-driven decisions
Epicor ECM with AP Automation unlocks efficiency and emerges as a transformative force. By seamlessly weaving intelligent data capture and AI into the fabric of content and process automation, it reshapes the procure-to-pay landscape. Using AI algorithms, our solution can automatically classify documents, be it invoices, purchase orders, or receipts. AP Automation provides a streamlined process that eliminates manual sorting and accelerates decision-making.
Epicor Smart Inventory Planning & Optimization (IP&O) offers an easy-to-use, AI-driven inventory planning and optimization suite of web applications that extend Epicor ERP functionalities with new and functionally deep strategic planning capabilities. Smart IP&O fine-tunes demand forecasts and stocking policies, ensuring optimal daily ordering within the trusted Epicor ERP system. By intelligently extending ERP functionalities, Smart IP&O predicts future costs, spending, and service levels to empower businesses to make strategic inventory decisions that align with business goals and boost profits.
Elite EXTRA route optimization utilizes advanced genetic algorithms and Ant Colony Optimization to efficiently tackle complex delivery challenges, including time constraints and sequencing. Our expert system rules engine automates order assignments to delivery providers, boosting efficiency and reducing costs by optimizing routes and decisions in real-time.
According to a recent Gartner® report, “Supporting digital supply chain transformation with the use of emerging technologies remains a top-funded initiative for supply chain organizations.”
Read the ReportChallenges We Help Solve
Epicor Automation Studio, powered by Workato, addresses the intricacies of business operations through its low-code integration and automation capabilities. With over 1,000 built-in connectors and over 500,000 recipes to build from, Automation Studio helps you automate manual processes and make the complex simpler. The Workato AI@Work Azure OpenAI ChatGPT connector is ideal for setting up specialized, on-demand automation needs for entering data into the ERP that are not covered by off-the-shelf workflow solutions. For example, it can help workers report quality issues directly into the system through conversational emails, with automatic issue logging.
Epicor Smart IP&O for manufacturers and distributors and Epicor Predictive Inventory Assistant for the Automotive Aftermarket use ML for advanced materials planning and forecasting. By eliminating manual data entry/data prep and automating data forecasts while accounting for trends, seasonality, obsolescence, and intermittency, businesses can optimize cost savings, improve resource utilization, and run smoother operations.
Inaccurate financial forecasting is a significant business issue, often due to outdated methods that are time-consuming and error-prone. Epicor FP&A tackles this challenge by leveraging AI and ML. It gives you a starting point in the budgeting and forecasting process while requiring almost no effort or configuration at all. For example, it looks at your historical data and fits a set of models to it. The best-performing model is then retrained on all historical data and used to make the forecast you will see. To give you a better understanding of your result, you can see what model was used, a short description of it, and how it performed on known and unseen data.
Epicor IDC (Intelligent Data Capture) revolutionizes document management by using AI-driven neural networks for automated document classification and data extraction. It drastically reduces manual data entry, achieving 60–90% efficiency gains, and ensures higher accuracy with validation checks. Integrated with Epicor ECM, it streamlines content management, enhancing productivity and accuracy in business process automation.
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