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Azentio Software Unveils the Next-Gen ONEERP Cloud Engineered to Empower Supply Chain, Manufacturing, and Financial Management




SINGAPORE, Aug. 17, 2023 /PRNewswire/ — Azentio Software (“Azentio”), a leading software products company headquartered in Singapore, proudly unveils ONEERP Cloud, a revolutionary transition to the cutting-edge industry cloud. The ONEERP platform from Azentio represents a significant leap forward in empowering supply chain, manufacturing, and financial functions with unrivaled efficiency and flexibility.

By embracing the industry cloud paradigm, ONEERP Cloud is thoughtfully designed to cater to the unique needs of manufacturing, distribution, and ancillary sectors, thus delivering a comprehensive solution to industry-specific challenges. In a dynamic era where agility and adaptability reign, this move marks a defining moment in the evolution of enterprise solutions.

Manufacturing organizations driven by their quest for growth and profits will find unparalleled support in ONEERP Cloud’s seamless integration of core business processes into shop floor operations. The platform presents a myriad of enhancements to core functionality, enabling advanced planning and production processes backed by real-time recommendations, thereby minimizing downtime and boosting productivity. Moreover, the system ensures meticulous forward and backward traceability for batch and non-batch items, instilling comprehensive tracking and compliance. ONEERP Cloud introduces a multi-level Bill of Materials (BOM) system, equipped with automated workflows that facilitate efficient routing to multiple production centers. Embracing the future of inventory control, the platform incorporates the First Expired, First Out (FEFO) shelf-life expiry approach, supported by effective product life cycle management. While emphasizing regional and industry-specific statutory compliance, such as MSDS for the chemical industry and FDA regulations for pharmaceuticals, further enhances the platform’s capabilities, providing organizations with a competitive edge.

Addressing the evolving needs of the industry, ONEERP Cloud encompasses Halal production processes and related compliances within the supply chain and manufacturing operations. The platform further offers industry-specific reports, alerts, and document management to establish audit trails, while the Application Programming Interface (API) paves the way for effortless configuration and customization, enabling organizations to tailor the solution to their unique requirements. The platform also includes the ONEERP Solution Manager (OSM), streamlining the ERP life cycle management in a distributed cloud setup. OSM allows for standard configurations for different industry sectors. It also allows partners and consultants to adjust the solution according to the requirements of each customer. A central repository of ONEERP solution suite maintains best practices, making it faster to set up the solution for new clients, thus saving time during deployment.

Azentio ONEERP has notably excelled in servicing the manufacturing sector. With a wide-reaching customer base across the Middle East, Africa, and Asia-Pacific, the solution has consistently enabled organizations to achieve higher levels of efficiency. This strength underscores Azentio’s commitment to delivering tailored solutions that meet the unique demands of the manufacturing industry.

In the realm of supply chain management, supplier relationships are critical, and ONEERP Cloud rises to the challenge with enhanced supplier management modules. Users gain the ability to classify suppliers into tiers based on performance metrics, cost, delivery timelines, and sustainability compliance. The platform further offers intelligent suggestions for the most suitable supplier for each item, streamlining procurement processes and optimizing supply chain efficiency.

In the financial domain, the automation of workflows within ONEERP Cloud reduces manual tasks and enriches transactional traceability, ultimately improving cost control and profit performance tracking for organizations. Users are further able to perform automated data entry and data matching for financial transactions such as debit/credit note, vendor payments, post-dated cheques (PDC), and receipt issuance management.

In tandem with these advancements, Azentio has revitalized the ONEERP Cloud user interface, focusing on interactivity and personalization. Users can now configure and customize data visualization dashboards based on their respective job roles, affording swift access to mission-critical information. These role boards empower manufacturing and logistics managers with real-time performance monitoring, while interactive help and guidance minimize the need for additional user training, boosting overall usability.

Beyond its innovative features, ONEERP Cloud stands out for its seamless delivery and robust support services. With hassle-free implementation and a dedicated support model, businesses can swiftly transition to the cloud while enjoying continued assistance. This streamlined approach ensures a smooth journey from adoption to proficient utilization.

Suryanarayan Kasichainula, President and Global Head – ERP at Azentio said, “The launch of ONEERP Cloud represents a monumental achievement for Azentio and a pivotal moment for the wider ERP market. We have witnessed and meticulously studied the evolving needs of the market, and ONEERP Cloud is our resolute response to the demands of the modern business landscape. With this groundbreaking solution, we are empowering enterprises to elevate their supply chain, manufacturing, and financial management to unprecedented heights. For our valued clients and their customers, ONEERP Cloud means witnessing a transformative experience. By leveraging the power of industry cloud, they benefit from enhanced efficiency and flexibility, and deeper insights, that will ultimately drive their growth and success.”

The launch of ONEERP Cloud cements Azentio’s position as an industry leader in vertical-specific ERP solutions. This transition to the industry cloud takes financial management to greater heights, streamlines supplier relationships, and ushers in a new era of customer experience. As Azentio Software pushes further the boundaries of innovation and excellence, the unveiling of ONEERP Cloud is set to redefine the future of cloud ERP solutions, empowering businesses to embrace the opportunities of tomorrow, today.


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Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest




Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.

The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.

While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.

Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.

A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.

Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.

Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.


The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.

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ASIC cracks down on blockchain mining firms




Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.

According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.

The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.

ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.

In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.

While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.


The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.

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Crypto and Blockchain Weave Deeper Into the Biometrics Space – Identity News Digest




AuthID Inc. has formed a strategic partnership with the National Notarial Centralized Verification System (NNCVS) to integrate biometric identity verification into NNCVS’s online notary platform. NNCVS, a provider of nationwide online services for notaries, aims to transition from a local, in-person framework to a more secure, digital model. By leveraging AuthID’s platform, NNCVS will authenticate the identities of notarial agents and their clients using biometric checks that compare selfies with ID document photos. This enhancement ensures heightened security throughout users’ interactions with the service.

iVALT has introduced a mobile app called OnDemandID, designed to enable users to verify the identity of individuals during phone calls, video calls, or online interactions with a single click. The app employs multiple verification elements, including biometrics, device ID, and location-based parameters like geofencing and time windowing, to prevent deepfake attacks and identity fraud. OnDemandID prioritizes user privacy by storing biometric data locally on the device and refraining from tracking user movements. Additionally, iVALT offers integration into existing enterprise mobile apps, providing a solution to enhance caller verification processes within corporate environments.

Keyless, a company specializing in secure facial recognition, has partnered with EnQualify, an AI-powered Know Your Customer (KYC) verification provider, to enhance online identity verification. Keyless’s privacy-centric ZKB technology will integrate with EnQualify’s AI for initial user verification, enabling a seamless and secure authentication process. This collaboration eliminates the need for repetitive steps and data storage, offering a faster and more user-friendly verification experience while ensuring robust security measures.

Australian fintech Waave has launched its Wallet app to enhance security and convenience for online payments. Integrated with Waave’s Pay by Bank system, Wallet utilizes fingerprint or facial recognition for secure authentication, eliminating the need for passwords and card details. This approach addresses concerns about online fraud, providing a streamlined payment process for consumers and merchants alike. Additionally, Wallet will introduce expense tracking features later in 2024, further enhancing its utility for users.

BeatBit Wellness Lab has introduced the CUDIS ring, a wearable device focused on user-controlled health data management. Powered by Solana blockchain technology, CUDIS tracks biometric data and offers personalized health insights using AI algorithms. Users can contribute anonymized data to a research network and earn rewards, emphasizing data ownership and privacy. The CUDIS ring integrates securely with other Solana and Web3 products, offering users a comprehensive health monitoring solution within the decentralized ecosystem.

Worldcoin has unveiled World Chain, a new blockchain platform designed to prioritize verified human users over bots, aiming to reduce network congestion and transaction fees. Integrated with the Worldcoin protocol’s Proof of Personhood, World Chain provides verified users with priority blockspace and gas allowances. This Layer 2 solution, secured by Ethereum, offers developers access to a large pool of verified users for deploying utility applications. World Chain is set to be open source and permissionless, with plans for community-based governance in the future.

New South Wales (NSW) has launched an Australia-first trial to test digital birth certificates, involving over 18,000 children associated with specific educational institutions. Led by the NSW Registry of Births, Deaths and Marriages in collaboration with the Department of Customer Service, the pilot explores the use of digital certificates with the same legal validity as traditional paper versions. Digital birth certificates aim to simplify administrative tasks and offer enhanced security and convenience, particularly in disaster-prone areas where paper documents could be compromised.


The post Crypto and Blockchain Weave Deeper Into the Biometrics Space – Identity News Digest appeared first on HIPTHER Alerts.

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