Enterprise Resource Planning Systems That Leverage Bitcoin and Lightning \ stacker news ~bitcoin

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Enterprise Resource Planning Systems That Leverage Bitcoin and Lightning

361 sats \ 7 comments \ @SatsMate 9 Jul bitcoin

Hi All - By profession, I work in procure to pay for large companies around the world. I work across several large ERP systems such as D365, Oracle, Coupa, Maximo, SAP & more. One thing I have noticed, is none of these platforms make it easy to integrate with Bitcoin or the lightning network.

For example, I can easily choose between over 150 fiat currencies with ease in Oracle/SAP's Financial module, but when it comes to Bitcoin none of these ERP platforms support this.

Have any efforts been made to speak to the head of product at a lot of these larger ERP platforms? The global ERP market cap is well over $300 billion and from my rough numbers trillions of USD are running through these platforms every year.

Oftentimes, multinational countries need to transact with different countries and suppliers with ease. What are all the ERP platforms that enable Bitcoin and Lightning (plug and play)? Do you think we will start to see more support with these ERPs to allow for Bitcoin rails in the coming years? I think it would be good for bitcoiners to attend the biggest ERP conferences - as these are often rails where small, medium, and large caps transact in all sorts of currencies. Some of them are as follows (https://www.oracle.com/cloudworld/, https://www.coupainspire.com/, and https://www.sap.com/events.html) .

Shoutout to @DarthCoin for sharing the BTCPay Server Plugin for the ERP platform Odoo - https://www.odoo.com/

I would love to hear everyone's thoughts as it comes to Enterprise Resource Planning software & Bitcoin Lightning Payments!

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42 sats \ 1 reply \ @pillar 9 Jul

You might want to read about Fortris, a Spanish company that develops ERP extensions to handle Bitcoin treasuries, accounting, payrolls, etc.

0 sats \ 0 replies \ @SatsMate OP 9 Jul

Ty ty! I will check this out!

42 sats \ 0 replies \ @76052aaf68 29 Nov freebie

Your observations on the integration gap between Enterprise Resource Planning (ERP) platforms and Bitcoin/Lightning Network are spot on. While ERP applications like Oracle, SAP, D365, Coupa, and Maximo excel in supporting traditional fiat currencies, they have been slow to adopt cryptocurrency, particularly Bitcoin, despite its growing relevance in global transactions.

ERP Market and Cryptocurrency Integration

The global ERP market, as you mentioned, exceeds $300 billion, and trillions of dollars flow through these systems annually. ERP systems handle critical business processes like procurement, finance, and supply chain through various ERP modules—such as the Financial, Procurement, and Accounts Payable modules. These modules are designed for fiat transactions, but integrating Bitcoin or Lightning Network would require a fundamental shift in how these systems handle currency protocols.

Current Bitcoin ERP Integration

Efforts like the BTCPay Server Plugin for Odoo are a step in the right direction, providing open-source solutions for companies looking to leverage cryptocurrency within an ERP environment. However, mainstream platforms like SAP, Oracle, and Microsoft D365 have yet to offer seamless "plug-and-play" Bitcoin or Lightning integration.

Why Bitcoin Adoption in ERP Matters

Global Transactions: Bitcoin could simplify cross-border payments for multinational companies, especially in regions with unstable currencies or complex banking regulations.
Cost Savings: Reduced transaction fees and faster settlement times compared to traditional banking rails.
Innovation in Financial Modules: ERP modules could evolve to include native crypto wallets, automated reconciliation for Bitcoin payments, and multi-currency transaction reporting.

Potential for Bitcoin Integration in ERP

As cryptocurrency adoption grows, it's likely that major ERP vendors will explore native Bitcoin and Lightning Network support. Conferences like Oracle CloudWorld, Coupa Inspire, and SAP events are prime opportunities for Bitcoin advocates to engage ERP product teams and influence roadmaps. These conferences often set the direction for future ERP development, making them strategic platforms for driving adoption.

Conclusion

The integration of Bitcoin and Lightning Network into ERP applications is not just a possibility but a necessity as businesses globalize and seek more efficient payment solutions. Engaging with ERP vendors at conferences and highlighting the benefits of cryptocurrency integration could accelerate this shift. I agree that Bitcoiners should become more involved in these discussions to push for innovation in ERP modules that handle global payments.

21 sats \ 2 replies \ @Bell_curve 9 Jul

remember People Soft in 1999?

13 sats \ 1 reply \ @SatsMate OP 9 Jul

This was the first ERP I used! They were bought by oracle about a decade ago. That thing sucked - as did JDE!

0 sats \ 0 replies \ @Bell_curve 9 Jul

These systems are so clunky and rigid

I forget why ERP is necessary... for accounting and inventory reconciliation?

1 sat \ 0 replies \ @DarthCoin 29 Nov

Wasn't me sharing, was @Lux. But yes, I am excited too about that integration. Odoo is a great platform for merchants and BTCpay did a right step towards penetrating this big market.

We will see more and more supermarkets accepting BTC from now on.