The retail payment and point-of-sale systems in Singapore are undergoing a fantastic phase, wrestling with unique problems and those common to other fields, as well. These business troubles have pushed the firms to look up new technological paths that will lead to the automation of processes and compliance with the law.

What Challenges Persist in the POS Industry?

The POS industry is primarily faced with specific problems like streaming data from transactions, bi-directional communication with third parties (associative systems), and customer desire for newer technologies. Besides, common problems, for example, cybersecurity threats as well as the lack of effective employee management systems, are also a concern for the sector.

These difficulties can lead to a decreased efficiency of operations. Indeed, they require inventive strategies that would tackle the particularities of the industry and the general problems that arise within the sector as a whole, thus leaving aside both the upstarts and the veterans.

How Can HCM Systems Address These Challenges?

The Human Capital Management (HCM) systems are of high importance in overcoming these hurdles. They optimize the workflow and increase the productivity of workers. Through their advanced human resource information system (HRIS), the systems are found in the management of difficult payroll assignments and employee scheduling, resulting in the enhancement of the agility of the firm and the accuracy of assessing the performers.

Besides, the HCM solutions are intrinsically secured with data and compliance, which are the principal factors for protecting the confidential information of employees.

The software for the management of human resources allows firms to tune CPF contribution management, and to optimize the processes of long service payment, thereby observing the law and securing financial stability even in the turbulent market of Singapore.

Guidelines for Successful HCM Implementation

The process of implementing HCM systems means first of all the organization to conduct strategic planning, then to align with the business goals and gain the secure stakeholder buy-in. Companies are obliged to transform the end-users into experts through the operations of training, integration, and communication being done effectively in the whole organization, thus leading to the transitions being smoother and the HR efficiency being higher.

Why Choose Multiable aiM18 HCM System?

• Rule-based workflow engine: Maximize efficiency of business processes with minimum manual labor.

• Intelligent roster planning: Ensure compliance while optimizing scheduling.

• Powerful payroll engines: Speed up payroll processing, and manage up to 1.2 million calculations within minutes.

• A.I. ready and customizable: Provides tailored solutions for unique business needs.

• Unlimited appraisal forms: Create various appraisal systems that fit departmental needs.

How is aiM18 HCM e-MPF approved?

aiM18 HCM being e-MPF approved, back the MPF and IRD compliant documents in Singapore. The onus for compliance with the law is the surety for the reliability of the system that will handle statutory obligations leading to the automatic and easy salary and CPF management.

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.