What is SaaS? Benefits and Disadvantages

Posted on April 29, 2020

Category: ERP, HCM
SaaS (Software-as-a-Service) SaaS is a method of software delivery. You can access data from any device with an internet connection and a web browser. The software is written, maintained, and hosted by the software vendor. Most of the time, you purchase this solution on a rental basis because it is web-/HTML-based. The software vendor hosts and maintains the servers, databases, and code. There are two varieties of SaaS. Vertical SaaS is a solution that focuses

3 Tips for a Successful ERP Implementation

Posted on April 24, 2020

Category: ERP
1. Choose People for Competency and Ability, Not Job Title or Status Although it’s imperative to have upper management involved throughout the project, when it comes to electing your implementation team, it is vital to choose the ability over status. Employees with managerial status aren’t necessarily more knowledgeable or qualified than other members of the team. When selecting your key players, look for savvy, experienced employees across the company to cross-train into the new ERP

Why E-Commerce and ERP are Made for Each Other?

Posted on April 22, 2020

Category: ERP
Enterprise resource planning is not just for internal work functions. Integrating your ERP with e-commerce can make managing your customer-facing work much easier and more reliable, through automation and real-time updates. If you sell products online, using ERP for retail business can help you manage your revenue streams more efficiently and effectively. Inventory Levels One of the most frustrating aspects of online commerce for both businesses and customers is the inability to manage inventory. As customers take orders, any

5 Methods ERP Simplifies Reporting

Posted on April 17, 2020

Category: ERP
Standard Chart of Accounts Multiple locations and business units sometimes retain their own spreadsheets for purposes of production and native operations. Having each location maintain its own chart of accounts can cause a disaster. A single ERP system centralizes and standardizes accounts, which is significant to accurate reporting. Otherwise, accurately comparing different business units is almost impossible. it’s probably obvious but still worth mentioning that one ERP system dramatically reduces the time required for period

Advantages of Optimizing Your ERP System

Posted on April 14, 2020

Category: ERP
Enhanced Functionality The functionality of the ERP system is distinct for every sector. Also, it cannot address every requirement of the business. As a result, organizations often integrate additional systems to augment the ERP. However, a number of the external systems are not incorporated adequately into the core systems, and organizations fail to reach complete optimization. The ERP systems should be implemented in such a way that there is room for further upgrading, while also

4 Important ERP Requirements for Manufacturers

Posted on April 9, 2020

Category: ERP
Agility As market trends and customer demands change over time, so do company goals and wishes. Manufacturers today must have the power to react quickly to changes in supply and demand and still deliver products on time and profitably. this enables for changes to be made to any process and provides manufacturers the chance (and agility) to scale with any changes that they have to satisfy. By doing so, ERP software gives them the agility

4 Tips to Increase ERP User Adoption

Posted on April 7, 2020

Category: ERP
1. Communicate the benefits before rolling it out: Before even beginning the implementation process, people need to understand the reasons for the change, why it is necessary, and how it will help them with their daily work. If they don’t understand the reason and benefits behind such a big change, they will not buy in and would see the project as another thing to add to their busy day. 2. Make sure the system is easy
Many Singaporeans and enterprises welcome the Singapore Budget 2020 and the Supplementary Budget 2020 announced on the 18 February 2020 and 26 March 2020 respectively by Deputy Prime Minister and Minister for Finance Mr. Heng Swee Keat. For enterprises, the budget 2020 focuses mainly on a few aspects such as “Dealing with challenges”, “Preparing for Growth” and “Human Capital Initiatives”. In fact, besides adopting technology and going digitalisation to increase productivity, the human capital part
In my previous article regarding the Singapore Budget 2020 and Supplementary Budget 2020 that was announced on the 18 February 2020 and 26 March 2020 respectively by Deputy Prime Minister and Minister for Finance Mr. Heng Swee Keat, I mentioned about the Enterprise Development Grant (EDG) which was enhanced from 1 April 2020 onwards to provide a higher support percentage to enterprises in Singapore. In fact, for enterprises, besides the enhanced EDG, Singapore Government announced
Singapore Budget 2020 was announced by Deputy Prime Minister and Minister for Finance Heng Swee Keat on the 18 February 2020. However, due to the COVID-19 ongoing pandemic globally, a special Supplementary Budget 2020 was announced on the 26 March 2020 which provides enhanced assistance to Singaporeans and enterprises in Singapore. Singapore Government is always advising enterprises in Singapore to be prepared for the upturn especially during the current COVID-19 downturn. Nobody knows when the

ERP and BI – A Perfect Combination

Posted on April 1, 2020

Category: ERP
Companies today have mountains of data in their ERP and enterprise applications. And with the economy forcing us to do more with less, many are leaving this data largely untapped. Massive amounts of data can be overwhelming and complex, but the good news is that Business Intelligence tools can help deciper the data and add strategic value to your organization. Turning ERP data into actionable intelligence provides better decision making support and improved organizational visibility.

4 Types of ERP Data Inefficiency

Posted on March 27, 2020

Category: ERP
Inconsistent data entry. Example: Some vendors are numbered VE.XXXXX and others are numbered VEND.XXXXX, while the addresses have been entered in all upper case for some and in a proper case for others. Duplicate data. Example: Customer “AAA” Inc has been entered into the system three different times, each with slightly different naming/numbering conventions or address formatting. Typically, all three of those customers now also have associated posted history. Orphaned transactional data. Example: A multitude

Benefits of Mobile ERP

Posted on March 25, 2020

Category: ERP
Flexibility Perhaps some people remember the stacks of files on their desks. At that time, people sacrificed half of their working day to find the information they were looking for. In addition to the loss of time, we should not forget the archive rooms full of files. With this cloud environment that puts an end to all this and gives an incredible advantage, businesses no longer have to sacrifice time and space. If we evaluate

5 Tips for ERP Training in Your Team

Posted on March 20, 2020

Category: ERP
Your team will be undergoing an ERP software integration. With all the different moving parts involved, it can be easy to overlook the basics – optimized training. Follow these tips to ensure your team members are best poised for success. Make ERP Training A Priority Unfortunately, your business doesn’t get to stop operating just because your software is changing. That said, if you don’t put the proper controls in place to make the integration successful,

What Kinds of Business Need HR System?

Posted on March 18, 2020

Category: HCM
All kinds of business that prefer to develop people in a way that is aligned with the objectives of the business will definitely need a reliable HR System. Those HR System modules can help managers handle workforce management processes across functional areas and get rid of troubles such as government regulations. Multiable HR System (M18 HCM) provides built-in Hong Kong, Macau and PRC labor laws compliance and there is a flexible interface for users to