Unlocking the Power of ERP with AI and NLP

Bridging the Gap between Unstructured Data and ERP with AI and NLP

The interplay of Enterprise Resource Planning (ERP) with Artificial Intelligence (AI) and Natural Language Processing (NLP) can significantly benefit organizations. The use of ERP with AI and NLP unlocks insights and intelligence that has been missing from organizations since the advent of paper agreements.

ERP is the centralized brain of all the resources, materials, invoices, purchase orders, and contracts that make a business run providing a centralized database of all the things that make a business run, from supply chains to finances. However, there is a missed opportunity as a lot of unstructured but important data is stored in documents like invoices, purchase orders, and contracts that is not in the ERP.

Organizations can take advantage of this missing data by using AI and NLP. AI and machine learning can help automate and optimize workflows and processes within ERP, while NLP gives AI the ability to source information from unstructured text documents.

 Machine learning and AI can optimize ERP processes, but the language used in documents is often unstructured and difficult to understand. This is where NLP comes in, giving AI the ability to read and source information from these documents. By enabling AI to understand unstructured data, organizations can benefit from real returns on their investment, leading to better optimization of workflows and processes.