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If you envision running a successful business with minimum glitches, enterprise resource planning (ERP) 2024 promises to be a transformative year driven by technological advancements and evolving business demands. The ERP market, which has witnessed an 8% growth since 2022, is poised to reach new heights, with an estimated $183 billion in spending on ERP software projected for the year. Renowned experts, including Chris Perry from West Monroe, emphasize the exciting times ahead, which are marked by innovation and a departure from traditional ERP norms. 1. Clean Core Deployment Paves the Way for SaaS ERP In the world of ERP, the vendors are embracing a clean core deployment strategy in a significant shift, emphasizing standardized processes and data alignment following cloud standards. This approach, championed by Chris Perry, facilitates a seamless transition to Software as a Service (SaaS) ERP models. With SaaS ERP gaining prevalence in 2024, users can now promptly access new featur...

  In the ever-changing scenario, the management of suppliers using artificial intelligence-based decision-making is a revolutionary tool for the fast-changing world. In this write-up we will examine the complexity involving autonomous systems, the effects of automation, and the role that Open AI, including Character AI, works its magic in Supplier Management in various markets. Streamlining Supplier Management through AI Autonomous Decision Making in Supplier Management evolves as a breakthrough as the business strives toward efficiency. This revolution in automation leveraging state-of-the-art AI technologies provides an easy-to-use smart tool for supplier relationship management. After all who does want to streamline their process in a way that is the epitome of productivity? From Manufacturing to CRM AI in Supplier Management involves various industries. From manufacturing process optimization through CRM to cross-sector collaboration, AI provides custom solutions for...

Invoice automation has been a game-changing technology for many businesses. From extracting invoice data to maintaining it in the company records, invoice automation software does everything for you in a seamless and efficient way. This makes the work of our accounts payable department easier, faster and more cost-effective.  Many businesses have found that using such software saves up to 3 hours of your accounts payable department every single day. In a year, that is over 780 hours. This is just one of the many benefits of automating the invoicing process. Read the blog to find out more benefits and advantages of automated invoice processing. 1. Invoice automation saves you time Just like with any other business process, one of the biggest advantages of automation is that it saves time with invoicing. While manually, invoice processing may take some 20-21 days, when you use automation, the time is cut down to 3-4 at the most. The process becomes so much faster with invoice automa...

Logistics make for an indispensable part of the entire supply chain.  Transportation industry facilitates the movement of good s  across continents for every sector, making it  a  driving force for the world economy.    But this industry processes perhaps the most substantial amount of information  that is  being shared between supply chain participants via mountains of paper every day. Fluid communication & optimum exchange of information between logistics partners & other participants in the supply chain is a necessity  for ensuring  high efficiency of operations.   Improving Flow of Information   Providing carriers with access to all the information at their fingertips can go a long way in guaranteeing quick  and  error-free transactions  with  minimal  human intervention .     Automation of data exchange has enormous benefits not just for inhouse logistics and  third-part...

  Amazon has emerged as an undisputed leader among all the online e-commerce platforms available in today’s market. With over  300 million active customer accounts worldwide , Amazon is something that most sellers and retailers cannot afford to ignore. Having your products on Amazon allows you to profit from new selling opportunities and expose your product to a new buyer audience.  A recent study from Feedvisor  found out that almost 89% of consumers are more likely to buy products from Amazon than any other e-commerce site. To further establish Amazon’s importance as a critical e-commerce channel for every seller,  another study  found that one-third of all sellers on Amazon have an average mark-up between 25% and 50%! Moreover, this platform has acted as the door for most sellers to step into the realms of Multi-channel retailing. According to a  survey , 77% of third-party sellers on Amazon sell through multiple channels, including online marketpla...