The whole market of wholesale in Singapore has its own difficulties in terms of being present only in a specific time and still achieving the desired goals, thus firms have to develop creative abilities. This is why technology is a potential solution to prevailing problems and flourishing through global-grade benchmarks in the wholesale sector.

What are The Most Challenging Issues Facing Wholesale Industry Today?

Wholesalers in Singapore are exposed to the issues that do not see the light of day in the other markets. Logistics complication and managing big inventories, fluctuating customer choice, and supplier relation issues can be the reasons for stress for manufacturers. Also, challenges general to several other areas would be digital transformation and human resource planning.

The Need for Human Capital Management Across Industries

HCM platforms work as a full-fledged response to the staff management problems that both distributors and diverse other industries encounter. The systems integrate well with the wholesale firms’ HR operations, helping to cut down on mistakes and sorting resources out better. In fact, an efficient HRMS guarantees compliance and dynamic workforce solutions.

HCM programs are also the core of enhancing performance evaluation. Organizations can assess the employee benefits on an objective basis, helping people be more productive and firms to be more competitive. Additionally, intelligent rostering complements the fair alignment of the workforce with operational requests, further channeling the strength of the wholesale sector.

Tips for Successful HCM Configuration

In order to successfully integrate the HCM system, the wholesalers’ main focus must be on the aligning technology with the organization’s goals. Take technological changes into account, it is crucial to integrate AI tools and assure user-friendly interfaces. Having training sessions will be the ultimate way to get the system run as maximally as possible, thus optimizing the gain from HR systems.

The Key Features That Sets Multiable HCM Apart?

• Rule-based workflow engine: Brings automation and efficiency to HR processes.

• Fully customizable: The HR system can be tailored according to distinctive organizational requirements giving it emphasis on flexibility.

• Intelligent roster planning: Manpower allocation is optimized and CPF compliance is ensured.

• Department-sensitive appraisal: The performance appraisal process is refined thus increasing employee satisfaction.

• Powerful payroll engines: With their support, the firm can make payroll calculations fast and accurately, as well as handle long service payment and ensure CPF compliance.

How Does aiM18 Ensure Compliance with Regulatory Requirements?

By AI and HCM‘s e-MPF approval, which has been received, aiM18 HCM has certified its adherence to mandatory regulations. The document set available on the system backs MPF and IRD compliance which lets the businesses in Singapore operate within the law without any bother.

Utilizing Technology for Sector Development

What is Multiable HCM?

Multiable HCM is a cloud-native HCM (aka HRMS, HRIS or HR system). With over 6,000 customers, Multiable HCM gains positive feedbacks from customer across different sectors, from manufacturers, distributors, retailers, service providers to NGOs. The renowned no-code approach saves customer a big sum of customization costs and countless hours of implementation man-days.

What is LAIDFU (Let AI Do for You)?

LAIDFU is an AI tool for enterprise to build their own AI agents to perform various business AI tasks.

Proprietary EKP (Enterprise Knowledge Partitioning) technology eases CEO’s concern about trade secret leakage which often occurs in most AI agents / chatbots in the market.

EKP removes the hurdle of business AI adoption by most companies in using sensitive corporate data.

Powered by no-code approach, deployment of LAIDFU incurs far less developers (and development costs) in comparison with other AI tools.

LAIDFU empowers business, with or without an HCM system in place.