To monitor the value flow across each coconut plantation, we will utilize an open-source accounting system. We have selected ERPNext due to its flexibility and composability, enabling us to create a robust solution for current and future operational requirements. Credentials and API keys will be provided to stakeholders, promoting transparency and knowledge transfer across all business areas within Kokonut Network.
What is ERPNext?
ERPNext is a complete business management solution that helps SMEs record all their business transactions in a single system. With ERPNext, SMEs can make informed, fact-based, timely decisions to remain ahead of the competition. It serves as the backbone of a business, adding strength, transparency, and control to your growing enterprise.
ERPNext addresses some fundamental problems SMEs struggle with when managing their resources:
Affordability: It is a Free and Open Source Software, freely available to download and install.
Completeness: All necessary modules are available. View the full list.
Customization: It is easy to add fields, or add more features.
Efficiency: Computing requirements are relatively low (cheaper to host and manage).
Wholesomeness: A single system and database that allows multiple users to record transactions or extract data simultaneously.