Unit4 BV

10/17/2024 | News release | Distributed by Public on 10/17/2024 09:09

The future of AI-powered ERP: Shaping businesses of tomorrow

4. Self-driving ERP and the future of automation

Perhaps the most ambitious aspect of Unit4's vision is the move towards a self-driving ERP, a concept that aims to reduce human intervention to a minimum while enhancing decision-making. The goal isn't to replace human effort but to augment and enrich it.

Key innovations in this space include:

  • AI-powered integration & process automation: With tools like the Extension Kit, non-technical users will soon be able to create new integrations and automation by simply using natural language. This lowers the barrier to entry, enabling more people across the organization to benefit from the power of automation without requiring deep technical expertise. This means user journeys can be built to fit directly with user needs.
  • Smart Assistants: Unit4's ERPx is moving towards a future where intelligent assistants play an integral role in business processes and streamline how users interact with their ERP. For example, the new Invoice Management feature will not only predict accounting errors but also offer corrective actions in real-time, all through an experience delivered through Microsoft Teams - bringing the work to the user rather than them having to go and search for it.

5. Continuous release roadmap for ERPx

Artacho highlighted that ERPx's AI journey isn't a one-time update but a continuous evolution. New features are set to be rolled out, including AI-powered enhancements for invoicing, financial modeling, and project management, all underpinned by a commitment to improving user experience. And this is just the beginning.~

Key innovations in this space include:

  • Bank statement automation: By 2025, a new feature will automate the matching process for bank statements, leveraging AI to increase both accuracy and speed.
  • AI-driven resource allocation: Smart automation will optimize resource allocation in real-time, ensuring projects run efficiently and budgets are met.

6. A human-centric approach to AI and automation

At the heart of Unit4's AI-powered ERP is a human-centric approach. Rather than merely automating tasks for the sake of efficiency, the company's vision is to design systems that augment human capabilities, making work more fulfilling and productive.
This user-centered design is crucial to ensuring that the technology fits seamlessly into real-world business operations.
Artacho stressed that Unit4 remains committed to ethical AI implementation, adhering to regulations like the EU AI Act and emphasizing compliance as a core pillar. The company's approach to AI is purpose-driven, ensuring that every innovation adds genuine value to the end user.

Conclusion: The future of ERP is here

Unit4 is leading the charge toward a new era of ERP, where smart automation and AI converge to create more efficient, adaptive, and human-centric systems. From FP&A and project management to payroll processing and beyond, Unit4's ERPx platform is set to revolutionize how organizations operate and enable our customers to embrace the future of work, as well as the change that comes with it.
With continuous releases planned and a focus on minimizing human intervention, the future of ERP is bright, efficient, and exciting.
Unit4's AI-driven ERP not only boosts productivity but enables organizations to embrace new working models and employee expectations. The journey toward a more autonomous and intelligent business future has already begun, and Unit4 is paving the way.
You can find out more about our suite of integrated solutions here.