iProtocol Network- ERP system

iProtocol Network
Apr 2 · 8 min read
ERP system

Interaction of blockchain and ERP :

Blockchain is oriented and additive technology. It’s not going to replace but interacting the ERP system by iProtocol Network. ERP and blockchain will work together to strengthen the integrity and automation of supply chains, communication and transaction process.

We have already known for sure that blockchain can process vast number of transaction. It’s proven by its performance at scale. iProtocol Network develops the Blockchain system is potentially to unite a large supply chain network using a decentralized system. By integrating blockchain solutions into ERP system, the two systems can work together to improve the automation of supply chains. This means every company can maintain their own internal ERP system, while joining one rule-enforced blockchain network.

It’s also cheaper, given that the manufacturer, distributor, retailer and customer can all use the same solution. They don’t each have to pay for a complex installation just to access data on the blockchain.

So, the data and business rules that currently reside with different companies would be available in one network. And each transaction between the companies would automatically be recorded on the blockchain system. iProtocol Network get the scope for companies can still keep and record their own private data that’s relevant to them, meaning they won’t have to share their own business intelligence with others.

At a glance, iProtocol blockchain-connected ERP systems will offer the best supply chain management option for a small to enterprise companies worldwide.

Feature:

each iprotocol application feature can be used individually. Yet every feature can integrate with another. If any user use just 3 application system, the 3 system will interact with each other by default. The features below are initial release of iprotocol application system though more are on pending.

· Financial and accounting management

Considered by some, mainly accounting are the true core of ERP. Included components are such as accounts receivable, accounts payable, general ledger, financial and audit reporting, and often payroll. The financial module in ERP provides financial functionality and analysis reports for different departments and cost centers.

This module manages the capital inflow and outflow. It covers standard Accounting & Finance transactions like expenditures, general ledger, balance sheet, bank reconciliation, tax management and payments. It also generates financial reports for different departments and business units. With regulatory requirements at all-time high and financial filings under enormous scrutiny, companies can’t afford to miss making payments or overlook accounting details. An ERP system with a strong financial component, however, can ensure companies meet financial reporting and tax requirements with a single accounting, banking and payment systems. But that’s not all. Managers can enhance financial performance with real-time information on their department’s expenses and revenue contributions. What’s more, the financial management module will help improve cash flow, lower costs, and increase profitability while maintaining more accurate, timely, and transparent financial reporting.

· Customer Relationship Management (CRM)

Whether a goal is to better manage invoicing activities or monitor the status of contracts, the customer relationship management module helps bring data together to enable salespeople and marketing planners alike to better address customer needs, preferences and buying patterns. A fully fledged iProtocol CRM module ensure proper management of lead, customer, opportunities and altogether better support to your customer and further growth in your business. The CRM module helps you to boost customer service and eventually profit per capita. It manages leads, opportunities and customer issues. Likewise, it provides a 360-degree profile of any customers by consolidating data like their social media activities, purchase history and past interactions with support reps. In iprotocol ERP setup, CRM is closely integrated with Sales module to fast track conversions.

· Sales & Marketing

The module handles sales workflows like sales inquiries, quotations, sales orders and sales invoices. At advanced iprotocol ERP also features taxation rules and shipping tracker. The Sales and CRM modules works together to speed up the sales cycle and make the company earn more profit. Customers and sales management feature of iProtocol ERP help to instantly access and track all of the inventory, stocks, purchase/sales data, etc.

· Human Resource Management (HRM)

iProtocol ERP Application offers many different sub-systems under the HR module. The subsystems are Personnel Management, Organization Management, Payroll Management, Time Management and Personal Development. iProtocol HR modules have moved beyond core processes including employee administration, payroll and legal reporting. Employee administration, scheduling, time and attendance, performance, support, recruitment, employee performance, competency management payroll and legal reporting are core areas of iProtocol HR system that meet to manage effectively. The latter is closely integrated with the financial management module to manage wages, travel expenses and reimbursements. iProtocol HR system also allows a training or LMS system under HRM.

· Manufacturing

iProtocol Manufacturing module helps businesses make manufacturing its product more efficient in areas, such as, product planning, materials sourcing and costing, daily production monitoring and product forecasting. Some of the key functionalities in this module are: Bill of Material, Engineering Change Note, Master Production Schedule, Warehouse control, Shop Floor Control and Sales & Distribution Plan. The module is tightly integrated with SCM and Inventory modules especially in areas like product planning and inventory control.

· Supply Chain Management (SCM)

iProtocol SCM module allows monitoring demand, supply, manufacturing status, logistics and distribution in record time. Key functions of iProtocol ERP manufacturing software module include engineering, workflow management and quality control in order to ensure the delivery of real-time data regarding inventory information and the production process. This module covers key aspects in your supply chain including purchase order management. It manages product flow from production to consumer and occasionally vice-versa for returns or recalls. A key feature of the iprotocol SCM module is to process automation, which streamlines the entire supply chain and makes it adaptive to sudden market shifts.

· Artificial Intelligence (AI)

iProtocol Artificial intelligence system as an integrated part of the iProtocol ERP system will affect the very essence of daily operations. AI solutions will most likely take over routine tasks currently performed by humans. Therefore, the operation could develop to drive the requirements by need. The development can also driven by an increasing need to reduce business operating costs by supporting employee’s workflows, thus enhancing the efficiency of the organization’s operations as a whole. In a word iProtocol AI system for ERP helps a company to stay efficient and competitive by their business.

· Inventory

iProtocol Inventory or material management module helps to measure stock target, standardize replenishments and other inventory goals. It uses product serial numbers to track and locate items in the organization. It is closely integrated with the Purchase module. The functions of Inventory Control Module involves identifying inventory requirements, setting targets, providing replenishment techniques and options, monitoring item usages, reconciling the inventory balances and reporting inventory status. Whether they buy it or make it, businesses need to know what they have on hand to sell at all times and where it is. The value of inventory is a key component of financial statements too.

· Purchasing

The purchase module is well integrated with the Production Planning and Inventory Control Modules and also the supply chain process. This module manages the processes involved in materials procurement. These include: supplier listings; quotation requests and analysis, purchase orders, Goods Receipt Notes and stock updates.

· Project management

iProtocol ERP project management module removes the guesswork from project-related activities so that companies can select the best projects, assign the proper resources, streamline delivery efforts and track profitability. No longer can companies afford to estimate project costs and overall project performance. By facilitating change management, time and expense reporting and billing and collecting payment activities, iProtocol ERP project management module creates a snapshot of the entire project lifecycle in order to accurately assess project planning, performance and profitability.

· Material requirements planning (MRP)

iProtocol Material requirements planning allow a business to keep supply and demands for every material item in inventory in balance with sales and forecasted sales. Sales create parent demand for a product someone wants to buy. The top level demand flows through all the subassemblies in inventory or in process to individual purchased components. The system shows the products in inventory already or another order already requiring that inventory, when can the product could buy more and have the item in inventory.

· Third-party interoperability

Almost all businesses need to extend or bolt on additional systems to satisfy unique aspects of their business that are not addressed by the most of ERP system. For example, a financial institution may rely on a particular ERP solution for its accounting activities but turn to a third-party application to process human resources claims. iProtocol ERP system keeps the scope to implement and integrate third party apps with its own dashboard.

· Delivery methods and vehicle tracking

Say good-bye to traditional licensing paradigms. These days, companies interested in ERP can choose from a variety of delivery methods. iProtocol allows creating and customizing the delivery process and individual product vehicle tracking system by its delivery or storing route.

· Mobile functionality

It’s worth to say, Mobile functionality is most important thing to make a user efficient on using an application. iProtocol does the right yet provide a extreme feature over the section. Every of iProtocol ERP user have their own setup by their business rules and have their own process to run. The Mobile function does the same reflection of the process. iProtocol ERP system with mobile functionality lets workers access to the sorted and permitted ERP system that allows any mobile device, from a Tablet PC to an iPhone. By granting remote access, companies can ensure their employees have up-to-the-minute information on everything from product pricing to transportation services. Also it’s usable by offline and will synchronize when online again with its core database.

· Reports and Planning

iProtocol ERP system advanced reporting that can generate compliant financial statements based on your region. The latest iProtocol ERP reporting tools also allow in-system query and smart filters coupled with real-time data. Likewise, look for agile and ad hoc reporting to quickly adjust to evolving business needs and disruptions. Dashboards, on the other hand, should let you mash up quantitative vs. qualitative data at user, role and department levels.

· Advance mailing and communication system

iProtocol presents advance mailing and communication system by its application user and customer. Every of step of the business are integrated frequently with the mailing process and can be implement with varieties feature of service. Also allows to easy communication with each source or assigners by private or public mode. Providing service, creating support ticket, invoicing, scheduling, live chats and other important and essential application features are included of this system.

· Ecommerce integration

iProtocol Network presents a very rich and quality full functional ecommerce system with its application system. The E-commerce system can be integrated with iProtocol ERP system to manage a large enterprise e-commerce system like amazon or aliexpress. The vendor system is auto integrated with the e-commerce system. User directory to invoicing, order-tracking to delivery process, easy checkout process with ai system, powerful stock management system and many other essential features will present the iProtocol E-commerce system fully functional.

iProtocol Network website:
https://iprotocol.network/

Social medias of iProtocol Network:

Telegram:

https://t.me/iprotocolnetwork

Twitter:

https://twitter.com/iProtocolNetwrk

Facebook:

https://www.facebook.com/Iprotocol-Network-198811640713594/?ref=bookmarks

Reddit:

https://www.reddit.com/r/iprotocolnetwork

Youtube channel:

https://www.youtube.com/channel/UC_sP5I9xv42UK1XrXVVwFag

iProtocol Network

Written by

The Official Medium Of iProtocol Network.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade