Inspur General Software Applies for Blockchain-Based ERP Expense Approval Patent to Enhance Efficiency and Security

Inspur General Software Applies for Blockchain-Based ERP Expense Approval Patent to Enhance Efficiency and SecurityOn December 9, 2024, the State Intellectual Property Office of China revealed that Inspur General Software Co., Ltd

Inspur General Software Applies for Blockchain-Based ERP Expense Approval Patent to Enhance Efficiency and Security

On December 9, 2024, the State Intellectual Property Office of China revealed that Inspur General Software Co., Ltd. filed a patent application titled "A Blockchain-Based ERP Expense Approval Method, Device, and Medium," with publication number CN119090448A, filed in September 2024. This patent application aims to address issues in existing Enterprise Resource Planning (ERP) systems' expense approval processes, such as difficulties in tracing approval procedures and vulnerability to single points of failure. By leveraging blockchain technology, it seeks to improve efficiency and security, revolutionizing enterprise financial management.

The patent abstract details the technology's core components. This blockchain-based ERP expense approval method, device, and medium, belonging to the ERP management technology field, utilizes blockchain to create a secure, transparent, and auditable expense approval process. The method comprises several key steps:

First, based on pre-set ERP expense approval requirements, the system configures blockchain adapter nodes to determine the blockchain storage nodes for expense data. This step ensures data security and reliability, preventing data loss or corruption due to single points of failure.

Second, the system retrieves the approval request data and checks it against pre-set approval conditions to determine the approval outcome. These conditions are configurable to meet the specific needs of different enterprises. The approval result is recorded on the blockchain, creating an immutable record that ensures transparency and traceability.

Next, the system queries the blockchain storage nodes to retrieve relevant ERP expense data. This data undergoes data auditing, generating expense data verification data to ensure data integrity and accuracy. The auditing process is customizable, allowing for focused auditing of key fields or comprehensive data consistency checks.

Furthermore, the system retrieves ERP electronic invoices and verifies them, generating invoice verification records. Invoice verification can utilize various methods, such as integration with tax authority electronic invoice systems or digital signature verification. These records are also recorded on the blockchain, ensuring invoice authenticity and reliability.

Finally, based on the invoice verification records, the system checks the electronic invoice status. This step ensures that only verified electronic invoices can be used for reimbursement, preventing fraudulent claims. The entire process is recorded on the blockchain, creating a complete and immutable audit trail.

The core value of this patent application lies in its improvement of existing ERP expense approval processes. Traditional ERP systems often lack transparency and traceability in expense approval, making them susceptible to human error or fraud. Approval stages may be scattered across different systems or departments, leading to information silos and inefficiency. Single points of failure can also cripple the entire system, causing significant financial losses.

Inspur General Software's blockchain-based solution effectively addresses these issues. By leveraging blockchain's immutability and distributed nature, it ensures transparency, traceability, and security. All transaction records are stored on the blockchain, viewable by anyone but modifiable by no single entity. This significantly reduces the risk of human error and fraud, improving efficiency and security in financial management.

Additionally, the distributed nature of blockchain enhances system fault tolerance. Even if one node fails, the entire system remains operational, mitigating the impact of single points of failure. This is particularly crucial for large enterprises, ensuring business continuity and stability.

In summary, Inspur General Software's patent application for a blockchain-based ERP expense approval system represents a significant innovation in enterprise financial management. It uses blockchain technology to address numerous issues in traditional ERP expense approval processes, providing enterprises with a more efficient, secure, and transparent financial management solution. This technology will help improve operational efficiency, reduce costs, and enhance competitiveness. The patent's publication signals broader application and development of blockchain technology in enterprise applications. We can anticipate more blockchain-based enterprise management solutions, further driving digital transformation. The successful application of this technology will positively impact enterprise digital transformation and management. Inspur General Software's innovation provides valuable insights for other enterprises.

The success of this patent application marks a further deepening of blockchain technology in enterprise-level applications. We believe more enterprises will integrate blockchain into their business processes to improve efficiency and security. Inspur General Software's continued innovation contributes positively to China's enterprise digital transformation and development. We look forward to seeing this technology achieve greater success in practical applications and benefit more enterprises.