As the future speeds toward us, it’s easy to miss the behind-the-scenes convergence of business processes, new technology, and computing power that many forward-thinking organizations are taking advantage of to execute mission critical objectives in smarter, faster and more accurate ways.
Innovative adopters from well-known international brands, federal agencies, state, and local public sector organizations all have a competitive edge, and it makes a difference. This edge can automate human resource functions; provide insight into employee or customer behavior; predict the probability of maintenance failure on a key piece of factory equipment; help assign critical resources to respond to a disaster; and much more.
How do they do it?
You might expect a long explanation, but it’s much simpler than that...
They invest in the latest Enterprise Resource Planning (ERP) Solutions and learn how to capitalize on these solutions’ capabilities.
The ERP marketplace has dramatically changed over the last few years. There is now a lower cost to operate and maintain Cloud-based products with intelligent tools based on the latest analytics, artificial intelligence (AI), and machine learning advances.
Leading ERP Solutions:
Workday Prism Analytics
Part of Workday’s ERP, Workday Prism Analytics blends transactional and high-volume external operational data with advanced and intelligent data analysis tools. It allows users to manage, prepare, govern, trace, and publish data for reporting and analysis This provides actionable insight and information needed to make better, more informed decisions.
Get a full picture of your transactions — all in one system. Workday Prism Analytics allows users to analyze with unlimited operational dimensionality. Users can blend emergency response, asset and property management, survey, and other data from non-Workday systems with project, grant, funds, and revenue data to get full insight into cost and effort. This provides rich detail that is often dropped—or never included—when aggregating data for posting to your general ledger.
On a practical level, it can help answer questions like:
Which car rental, airlines and hotels make up the largest portion of our travel expenses?
Where are we exposed to potential misuse of expense and travel?
Who has access to conflicting business processes (for example, approving spend and selecting a vendor)?
How are emergency response call volumes and response time trending relative to cost, location, and head count?
Which assets are most expensive to maintain based on cost by asset type or location?
What areas have the most wasteful spend and why?
What is the energy use by cost and location?
Which departments are performing most favorably against budget?
Workday Prism Analytics can become a single source of data truth. Its automated and highly effective pattern-detection capabilities look for important changes that a person might miss, and its machine learning tools can help predict important data and insights.
SAP Business Technology Platform
SAP Business Technology Platform (SAP BTP) brings together intelligent enterprise applications with database and data management, analytics, integration and extension capabilities into one platform for both cloud and hybrid environments, including hundreds of pre-built integrations for SAP and third-party applications.
Key next generation SAP Intelligent Technologies include:
SAP Conversational AI - Deliver personalized human-like conversations at scale anytime, anywhere, and on any device with multilingual chatbots, and reduce development efforts and costs.
SAP Intelligent Robotic Process Automation - Reduce the presence of repetitive and manual activities. Systematize time-consuming, manual activities by developing bots that support error-free, scalable tasks and help you focus on high-value processes.
SAP Internet of Things - Increase operational efficiency and drive business outcomes by enhancing your business processes with IoT data and improve quality, productivity, and resource efficiency by applying intelligent technologies.
These solutions may sound expensive at first, but the chance of being left behind is a more expensive proposition. Many adopters of these solutions are surprised at their rapid payback and ROI, and they wonder how they did business before.
To learn more about the latest ERP Analytics and AI innovations, contact the Meridian Partners Team. We have been successfully helping commercial, government, and public sector organizations get ahead and stay ahead for the last two decades.
To learn more about the latest ERP Analytics and AI innovations, contact the Meridian Partners team. We have been successfully helping commercial, government, and public sector organizations get ahead and stay ahead for the last two decades.
Meridian Partners is a minority owned company and SBA-certified 8(a) leader in providing Enterprise Resource Planning (ERP), Business Intelligence, and Budgeting solutions. Meridian helps organizations maximize business processes to be more agile, efficient, and transparent through the optimization of their enterprise systems.