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.

Jeju Bank has filed a patent application for a core technology used in its AI-based corporate cash management service, AI CFO. The technology combines companies’ ERP data with financial data to forecast future cash inflows and outflows and ease cash management burdens for small and medium-sized enterprises. The bank said it is the first regional bank to file a patent for an AI-based future cash flow forecasting model.