The ERP Emerges As Top Target For AI Developers PYMNTS.com

As far as B2B FinTech goes, much attention has been paid to empowering a range of processes, including accounts payable, expense management and financial analysis -- many of which had previously been a part of the Enterprise Resource Planning (ERP) solution. While innovation and digital disruption have taken these financial processes out of the ERP and made them independent platforms for corporate users, the ERP remains a critical component of financial management in the enterprise, particularly for larger firms. In the age of digitization, the ERP has also emerged as an important collection spot for essential company data. New research from Evans Data found the ERP isn't immune to FinTech innovation, either. According to its report, the "Artificial Intelligence and Machine Learning Survey," published last week, the ERP software industry remains the number-one target of artificial intelligence (AI) and machine learning (ML) developers.