Fashion has always been a fast-paced and sensitive industry. With customer expectations fluctuating rapidly, delivering a superior shopping experience is not an easy task. Fashion companies are facing new hurdles in the wake of production and procurement departments becoming increasingly digitalized.

Artificial Intelligence: It is the talk of the town that perhaps each and every emerging technology wants to embed. We have all heard of Alexa, Siri etc.; the interactive robots that assist customers and these have emerged as stepping stones in AI.

Today, organizations with a forward approach are increasingly adopting AP automation, realizing its strategic value in generating revenue.

Digital transformation is a broad-reaching change that includes people, technology, and processes from across a company to improve the customer and employee experiences and make the company more robust and productive.

From digital assistants such as Siri and Alexa to recommendation engines on Netflix and YouTube, Artificial Intelligence has simplified our lives considerably. It has become more pervasive with its applications disrupting a wide range of industries and finance has been no exception.

We have entered an era of digital transformation where everything is interconnected.  Gone are the days when grocers could rely on mass mailings and email campaigns to support their business. From coupon clipping to promotions on grocery apps, the customers have now moved on to driving forces like time-saving, convenience and ready product availability.

Digital transformation is today's new reality, shaping how modern organizations function and navigate through unprecedented and ever-dynamic market conditions.

As one of the most sought after ERP solution providers in the world, SAP strives to offer innovative solutions and strategic upgrades to its product lines on a regular basis. In keeping with today’s trends to provide the best technology available to its customers, SAP has moved beyond its competition with its intelligent ERP platform, SAP S/4HANA.

Adopting Software-as-a-Service (SaaS) or Infrastructure-as-a-Service (IaaS) alone is not enough for companies to flourish in today’s volatile business landscape. Holistic digital transformation, which involves faster adaptation to new business models and the adoption of more intelligent business processes, is the most direct path to address changing market needs.