Search results for EDI
Crypto
Work that took 1 hour now done in 15 seconds as quantum advances raise Q-Day concerns
Quantum computing has returned to the forefront of market attention over its potential impact on blockchain security after bitcoin slipped to around $63,000. AT&T expanded its contract with D-Wave Quantum and integrated quantum annealing into network optimisation algorithms, saying tasks that took 1 hour can now be completed in 15 seconds. The development coincided with weakness in cryptocurrencies and forced liquidations, while executives and researchers flagged faster timelines for quantum threats to cryptography.
AI & Enterprise
Younglimwon Softlab begins ERP rollout at construction machinery parts maker Jinsung TEC
Younglimwon Softlab said on Tuesday it has started a next-generation enterprise resource planning project for construction machinery parts manufacturer Jinsung TEC. The project focuses on upgrading the existing system, standardising companywide processes and building an integrated operating framework. Based on Younglimwon Softlab\'s K-System ERP, it will integrate core functions including production, quality, sales, exports, procurement, imports, logistics, costing, profitability, accounting, budgeting, finance, HR and payroll, while linking groupware, MES and EDI systems.
Finance
Coocon supports Seoul to upgrade corporate card monitoring
Business data platform company Coocon said on June 18 it provided Seoul with a domestic corporate card EDI service to help upgrade monitoring of corporate card use at city-affiliated investment and funded agencies. Seoul built an environment to automatically collect and manage card spending data, with domestic card companies’ payment data linked to its expense monitoring system. Seoul can also check the previous day’s spending the next day, enabling monitoring within 24 hours.