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Capitalizing on ERP trends in 2024

SYSPRO Smarter ERP

ERP trends 2024 – achieving business success through the use of innovative technologies Now that Artificial Intelligence and Machine Learning are firmly established, we expect to see a massive take-up of these technologies by manufacturers in 2024. The other emerging area around AI in ERP focuses on trend analysis and forecasting.

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The difference between Business Intelligence (BI) and ERP?

SYSPRO Smarter ERP

How does BI differ from ERP? ERP systems essentially integrate all the disparate functions within your business and overcome the so-called ‘silo mentality’ by creating a single, centralized data architecture. The ERP software collects, stores and manages data relating to business activities.

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The return on investment for ERP implementation

SYSPRO Smarter ERP

For most companies, implementing an ERP system across the business represents a significant investment into their business, and the costs can make a management team blink. An ERP system has touchpoints across the entire business – from inventory management and supply chain optimization to production planning and customer relations management.

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Why it may be time to upgrade your ERP system

SYSPRO Smarter ERP

In today’s digitalized world, manufacturers must keep pace with the rapidly evolving technology landscape to remain competitive, agile, and to protect their electronic assets such as data. This is particularly crucial when it comes to enterprise resource planning (ERP) software.

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How ERP and BI work together

SYSPRO Smarter ERP

One of the big challenges facing manufacturers is inadequate reporting and analysis capabilities. This results in inefficient decision-making processes due to siloed data which limits the ability to respond to changing conditions quickly and accurately. ERP and BI have different functions and have been separate systems for many years.

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Ditching the data dump: How to optimize reporting processes

SYSPRO Smarter ERP

To do that, you need to access accurate data and create insightful reports for GL, as well as other finance and operational needs. The challenge is that many teams also rely on manual data exports from their ERP or ‘data dumping’ into Excel to report on and analyze their data beyond what standard reports offer.

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8 manufacturing ERP trends for 2023

SYSPRO Smarter ERP

As we move into a new year, we look forward to how ERP software will innovate for companies to capture benefits across their value chain. Devices and IIoT with ERP In manufacturing, a new wave of devices and tools that communicate with each other will create new opportunities to achieve higher levels of automation.

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