02 Feb How can we turn AI into our ally?

Explore the transformative potential of AI within JDEdwards.

Here are 3 practical examples of how AI can help with day-to-day tasks, your ERP.

#1 How about including your financial statements with minimal typing? With AI, we can recognize your receipts and expense invoices, transforming them into accounting vouchers in the Accounts Payable Module.

As well as running the risk of losing our receipts, including expenses for reimbursement is a tedious, laborious and error-prone task. The good news is that it can be automated using Artificial intelligence.

And how can we do this? People will interact with a Digital Assistant via voice or text, on their cell phone, to include expenses as they occur. Based on the photo of the receipt, the Digital Assistant identifies the type of expense (meal, transportation, etc.) and searches the document for relevant information such as date and value. After the employee's confirmation, the Digital Assistant integrates with the reimbursement system to include expenses by attaching photos of receipts for approval.

See how this can be done in https://youtu.be/YovNScgr9wM

#2 Automatically receive Incoming Invoices (goods or services) is every JDEdwards user's nirvana.

When we talk about Service Invoices we still have an additional complication, which is the difference – even if small – in the information available from each city hall. What if AI was capable of recognizing the PDF sent by your supplier of each Invoice to be received?

Through Artificial intelligence and Oracle Integration cloud (ICO). We retrieve e-mail archives, extract the key values from documents, include the notes in a database for integration with the ERP. At the end of the process, we move the e-mail to the archive.

See this demo https://youtu.be/93MU63VwZ1g and realize that this use case can be replicable to different types of documents.

#3 AI powering your Data Analysis.

Think of AI and Data Analysis as complementary tools, which can work side by side, to bring a greater level of assertiveness to your business, through data-driven decisions.

Based on historical data collected from his ERP, AI can provide important insights, identifying trends that may go unnoticed when traditional analysis is carried out.

For example, based on the purchase history of your clients, AI can predict the volume of sales for the coming months. It's as if you had someone keeping an eye on all your transactions 24 hours a day and could alert you to what's going well and what's going badly, anticipating our reactions and course corrections.