With the advent of generative AI and large language models (LLMs), the role of ERP systems is changing fundamentally. Instead of just booking transactions, storing data and delivering reports, they are evolving into interactive, learning systems. As a result, they support human decisions, accelerate processes and can even replace parts of them.
Read MorePreparing the ERP future with APIs and microservices
However, the solution approach is not to replace the monolith, but to modularise it step by step: Using an API-first strategy, external microservices, a clear three-tier architecture and hybrid integrations in cloud platforms, the ERP core is decoupled, supplemented in a targeted manner and progressively relieved - without jeopardising ongoing operations.
Read MoreData quality & AI : AI can only be as good as your data
Today, companies are investing massively in AI technologies, intelligent automation and modern
Read MoreAI in the company: 4 myths about the GDPR
The invisible AI in the office While many medium-sized companies are still
Read MoreOptimisation of the integrated financial system
In a world increasingly characterised by digital processes, we are seeing a significant shift in priorities within companies, particularly in finance departments. For a long time, the integration of financial accounting was seen more as a standard, incidental task - a view that greatly underestimated the true value and potential of this core function. Other departments were often at the forefront of innovation and determined the direction of the company's development. Slowly, however, the realisation that optimising integrated finance is essential is gaining ground.
Read MoreArtificial intelligence (AI) in financial accounting
In today's world, artificial intelligence has the potential to transform many industries and finance is no exception. One of the areas where AI could make significant progress is financial accounting.
Read MoreSAP tools for integration & data analysis 2023
In the current digital landscape, data is indisputably the central element of every organisation. The right approach to data analysis or data management is the difference between triumph and defeat in the business world. This is where SAP is positioning itself as a globally dominant force in enterprise software by providing customised tools for such essential needs.
Read MoreMore key figures transparency in the ERP system
Many companies hope that the introduction of ERP software will bring more transparency to their key figures. However, it only becomes clearer if a few steps are taken beforehand.
Read MoreCoding or customizing: Correctly adapting ERP software
There are two methods for customising the processes of an ERP. Customizing is the method of adapting the system within the possibilities that the system offers.
Read MoreGerman Association of Tax Consultants reacts to reduction of VAT rates
In a lengthy statement, the German Association of Tax Consultants has commented on the temporary reduction in VAT rates. The content of the text makes it clear that, according to the tax consultants, the change in VAT is (literally) a "bureaucratic super-GAU".
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