Enterprises Can Get More from ERP through IFS Leverages AI

Brendan Viggers from IFS discusses AI driven tools discovering $16 billion in savings, increasing the value of ERP through more accurate business assessments, and running to result faster.

Brendan Viggers, the global head of business value engineering at IFS, recently examined the impact of AI on software expenditure for organizations. IFS have AI-based tools for business value engineering that the company believes can help its target markets save as much as $16 billion.

“In the pre-sales stage, we have performed more than 1,000 business value evaluations; resulting in about $3 billion worth of new revenue opportunities,” elaborated Viggers. He added that they such assessments take into consideration costs, productivity, revenues, risks and compliances.

Historically, value discovery has always taken considerable time. IFS have spent the last five years in this effort working with the customers to shorten it, but as Viggers recalls, “There has been a challenge in showing what the customer becomes. How do you bring out the unrealized potential when one cannot see it?”

IFS are collaborating with Deloitte and Celonis to utilize industrial AI and process mining technologies to help clients maximize value faster. Using a GPT model, they analyze various materials like emails, memos, and process maps to understand the business better.

Viggers made the navigation analogy, saying, “In order to look for the best route, you must have the end point and the starting point. So it is that AI will give enterprises the ability to set certain levels and indices for direction.”

Viggers believes future ERP will be more sophisticated with composable architecture, allowing enterprises to predict digital shift outcomes before investing, leading to faster progress and higher ERP yields.