Posted by Mumbai: FarmERP announced that it has upgraded its SaaS-based ERP platform with AI-backed smart search and finance tools. These new AI-backed tools and features will help to increase agricultural productivity and streamline operations for mid to large-sized farmers and agribusinesses.
The platform’s innovative upgradation includes AI-based smart search, governance dashboard, and an enhanced full-fledged finance management module. These features are designed to elevate productivity, streamline operations, and increase profitability for mid to large-sized farmers and agribusinesses.
The new governance dashboard serves as a central hub, consolidating real-time data from all participating farms and contract farmers. This dashboard provides actionable insights to optimise operations across multiple locations, allowing businesses to make data-driven decisions more efficiently.
The AI-based smart search transforms data retrieval, enabling users to access critical information swiftly and accurately. Leveraging machine learning, the feature not only accelerates data processing but also ensures more precise, relevant results, improving operational efficiency.
The upgraded finance management module simplifies accounting processes, facilitates seamless financial transactions, and provides comprehensive reporting, empowering agribusinesses to make better financial decisions.
These enhancements are specifically designed to drive profitability for agribusinesses by optimising operational efficiency, improving resource utilisation, and facilitating informed decision-making, all while navigating the challenges of climate variability and unpredictable weather conditions.
With potential outcomes such as a 25% increase in productivity, a 15% reduction in waste, and a 40% improvement in task completion time, these advancements enable agribusinesses to achieve greater sustainability and efficiency.
“The launch of our AI-driven features marks a significant shift in agricultural operations management. These tools, combined with our FarmGyan climate smart advisory service, offer actionable insights that enhance sustainability and operational efficiency,” said Sanjay Borkar, CEO and Co-Founder of FarmERP.
“Our integrated approach is designed to fuel the long-term growth of the sector and contribute to the UN’s Sustainable Development Goals,” added Borkar.
FarmERP has plans to expand its reach, aiming to triple its revenue and increase its clientele by 200% year-over-year. As part of this growth strategy, the company has already established a registered office in the USA and is planning to open a new office in the GCC region.