Extending Your Enterprise: The Power of Technology, AI, and Collaboration

In today’s business landscape, technology is crucial in enabling companies to extend their enterprises. Collaboration with supply chain partners is now more important than ever. But are most companies efficiently implementing this practice?

As we approach the final hours of 2024, it’s exciting to see how passionate Exact Synergy customers have expanded their software investments beyond their organization’s boundaries. Sharing their technological experiences with suppliers, customers, and distributors is key to extending supply chains.

At Exact, some of our most successful Synergy customers leverage robotic process automation (Exact RPA) and artificial intelligence (AI) to connect their supply chains. They achieve this by focusing on three key areas: connecting systems, sharing critical business information, and automating processes wherever possible.

Connecting Software Together

Based on Exact Synergy software's foundation, companies are actively encouraging their supply chain partners to subscribe to Exact Synergy and utilize robotic process automation (Exact RPA) and AI for secure and sensible information interconnection. By sharing critical business information selectively and securely, communication, collaboration, and workflow management between organizations improve significantly across company boundaries. Real-time tracking of auditable decisions and transactional records further accelerates business decision-making between entities.

Sharing Critical Business Information

When different business entities share critical information with intended participants, supply chain partners achieve tighter integration across digital platforms. The outcomes of this digital information sharing include streamlined processes, enhanced visibility, and significant improvements in overall efficiency. For example, manufacturers and distributors are speeding up reliable product deliveries through improved scheduling. Our customers are reducing unnecessary "friction" between their customers and suppliers. For services-based customers, streamlined workflows directly correlate with increased velocity of cash payments and receipts for goods and services rendered.

Automating wherever possible

We continue to be amazed by the infinite uses of automation and AI from our diverse customer base. Successful Exact customers leverage robotic process automation (RPA) and AI to ensure smoother operational flow across supply chain participants. Automation also plays a strategic role in customer and vendor relationship management. By replacing previously manual relationships, the “ease of doing business” becomes a more important differentiator than other competitive advantages such as speed or lowest cost.

Welcoming International Businesses to the USA in 2025

As we look ahead to 2025, we see a growing interest from international companies wanting to do business in the USA. Exact Business Software is uniquely positioned to support these businesses by providing a comprehensive ERP solution that integrates all aspects of their operations. Our international expertise, robust ecosystem and embracement toward advanced AI capabilities help businesses navigate the complexities of the U.S. market, ensuring compliance, efficiency, and security.

And as we've seen from our customers for decades, automation between entities is a necessity to increase business activity between companies. As automation and AI developments take shape, we see a direct correlation with improved user experiences, translating into a larger share of wallet from existing and new customers and distributors.

With the many technological improvements we are seeing today, the future is bright for business professionals and organizations alike.

Bring on the final days of 2024 and a brighter future for 2025! For more content like this, make sure to visit our web site, connect with me on LinkedIn and follow me on X: https://x.com/ExactBini25

Happy New Year!

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