10 examples of how AI and ERP are transforming your business

At a time when technology is changing the business world, combining a modern ERP system such as Uniconta with Artificial Intelligence (AI) is the key to success. As entrepreneurs, we all understand that innovation paves the way to growth and competitive advantage.

Here are 10 inspiring examples of how the fusion of AI and ERP can take your business to unprecedented heights (this article was updated on Jan. 18, 2024) :

1. Predictive Maintenance:

AI monitors equipment health and predicts maintenance needs, minimizing downtime and maximizing efficiency. This translates into cost savings and increased asset reliability.

2. Optimal Inventory Management:

By analyzing historical sales data, AI Uniconta ERP can help calculate optimal inventory levels, eliminating unnecessary costs. This leads to better customer service by ensuring that the right products are always available.

3. Smart Purchasing:

AI can automate and optimize purchasing decisions by analyzing real-time market and supplier data. This allows you to close better deals and save costs in procurement transactions.

4. Automatic Document Classification:

Documents such as invoices can be classified and processed automatically, easing the administrative burden. This results in more efficient accounting and less risk of errors.

5. Automated Customer Service:

AI chatbots can answer customer questions quickly and efficiently, making customer service always available and reducing wait times. This leads to better customer satisfaction and loyalty.

6. Redistribution of Stock:

Wair's AI solution, has delivered revolutionary results for customers like Shoeby. By continuously analyzing sales data, Wair calculates optimal inventory levels and provides reallocation recommendations. This has resulted in a 4% faster turnover rate, 2% less inventory and an overall growth in sales of 3% for Shoeby.

7. Real-time Reporting and Analysis:

AI allows you to collect and analyze real-time business intelligence, leading to better decision-making. This enables you to respond quickly to market changes and gain competitive advantage.

8. Fraud detection:

AI can identify suspicious activity in financial transactions, which helps prevent fraud and financial losses. This creates a safer financial environment for your business.

9. GPT support:

Promentum has developed several GPTs, such as Promentum Support GPT, to support our customers with advanced customer service solutions....

10. Efficient Translations:

Promentum is deploying AI to translate our Dutch website into multiple languages, creating global reach. We are also running pilots with our "Product Describer," which creates item descriptions based on product photos and classifies products into categories

These 10 examples illustrate just the beginning of what AI and ERP can accomplish. The power of this combination lies in its ability to transform your business, increase efficiency and gain competitive advantage in a rapidly changing business environment.

At Promentum Consulting , we understand that technological innovation is the key to business success. If you are interested in discovering the power of AI and ERP for your business, we cordially invite you to contact us. Together, we can set your business up for a successful future.

Let the future of your business begin today.

More about Promentum Consulting

Promentum Consulting focuses on the digital transformation of companies in Wholesale, E-commerce, Manufacturing and Projects & Services. The founders and staff have years of experience implementing business solutions to properly advise its clients. Promentum Consulting sells and implements Uniconta and various add-ons that make a difference within industries we operate in.

Read more about us here.

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Uniconta is a Cloud ERP system developed by Erik Damgaard that is characterized as an Open ERP system is that integrates easily, is easily adaptable without customization and is user friendly and easy to learn. Erik Damgaard is a Danish Tech entrepreneur who has already brought several ERP systems to market and his company Damgaard was previously acquired with Navision by Microsoft now known as Dynamics. Uniconta is his answer to the changing market where companies are looking more for open Cloud systems that can work well with different solutions. More information about Uniconta can be found here.