Patent ID: 7925550
Filing Date: 2011-04-12
Classification: G06Q

Abstract:
1. A system for managing a regulated industry, the system comprising: a processor; and a memory having stored therein instructions which, when executed by the processor, cause the processor to provide: an inventory management module tracking goods in the regulated industry; a process module receiving data pertaining to a plurality of stages of a manufacturing process of the regulated industry and instructions for generating an audit trail; a regulation module collecting information for regulations governing the regulated industry including regulatory compliance information and tax compliance information, processing data from the manufacturing process of the regulated industry and relating to the regulations governing the regulated industry, and preparing a plurality of statutory reports including compliance reports and tax reports based on the collected information for the regulations governing the regulated industry; and a core module, wherein the core module is coupled to the inventory management module, the process module, and the regulation module, and coordinates the operation of the modules, wherein the core module comprises a global configuration module and a functional configuration module, wherein the global configuration module allows for user assisted set up of a currency designation, a language designation, a country designation, and a state designation, and wherein the function configuration module allows for user assisted set up of a numbering range of a plurality of records, an activity in a work-order, a location, a buyer code, an item category, a tank number, a barrel number, a lot number, a composition, and a vintage.