ERP | Multiable ERP System in Singapore

December 28, 2021 user ERP

What is Master Data Management?

Master Data Management (MDM) is a process by which the master data of your company is managed contemporaneously, providing a unified view of your organization’s internal and external data. Master data inclusively refers to the data of customers, employees, products, vendors, locations, services, contact mechanisms, accounting items and policies. As such large volumes of data are prone to inconsistencies, errors and duplication, it is advisable to adopt a master data management process for data cleansing, which can ensure data quality and integrity while reducing the chances of data issues compounding over [...]

December 22, 2021 user ERP

4 Payment Pitfalls

1.High overheads include lockboxes, manual matching, and bank fees, among other things, are some of the major pitfalls that a business owner should look out for. 2. Slow time-to-cash, which essentially means an uptick in DSO and a negative effect on cash flow. A lengthier or more complicated cash conversion cycle (time-to-cash) signifies that the company takes longer to earn cash. Small businesses may have operational issues as a result of these delays, which constitute a danger of liquidity. Organizations often consider payment to be just another consumer touchpoint, [...]

December 13, 2021 user ERP

3 Payroll Risks

Control When looking at new systems it’s important to have flexibility and control because: Each business is unique. Your payroll requirements are unique, too. Payroll must be managed in a way that reflects your distinct culture. There should be no blind spots. No workarounds. No kidding. You want a payroll platform that adheres to your business processes not the other way around. Bringing payroll in house gives you that control and access to all of the data. It’s also important to have your employees in mind when looking at or [...]

August 2, 2021 user ERP

Top Five Enterprise Resource Planning (ERP) Questions For Building Material Manufacturers

1. Does the solution have the full set of features that my business requires? You will want to form sure that your new ERP software provides all the knowledge needed so your business can complete work on time and on budget. These are the functional areas that a contemporary robust ERP can and will support: * Finance * Inventory Management * Production * Sales * Warehouse Management * Purchasing 2. Is that the solution customized for my [...]

July 9, 2021 user ERP

How Cloud ERP Delivers Modernization?

New technologies and changes within the business processes are making companies choose ERP modernization. A cloud-based ERP software modernizes your business in multiple ways, which includes: Adapting Innovations: Businesses are now beginning to cash in of technologies like machine learning, chatbots, and AI to enhance their existing processes and increase opportunities. However, to require the advantages of those advanced technologies, you would like to possess the proper platform to support them and seamlessly connect together with your ERP application. Cloud-based systems facilitate this and permit ample flexibility for including more [...]

May 17, 2021 user ERP

How ERP System benefits Pharmaceutical Distributors?

Managing a pharmaceutical company is far from an effortless task, especially as it’s one of the most complex and highly regulated industries of today. We’ll take a closer look at how important is ERP system for pharmaceutical distributors. As with most other industries, pharmaceutical companies are also expected to continuously increase their productivity, streamline their operations and optimize their competitive advantages. However, it’s not effective to oversee and handle this all manually. Rather, modern pharma companies are now deploying ERP solutions to assist with processes such as sales functions, batch production, quality assurance, [...]

May 3, 2021 user ERP, O2O

Which eCommerce solution provider’s solution is a perfect match ？

Even before trying to find a good eCommerce solution provider, selecting the proper eCommerce platform for your store should be the first step. Imagine the loss of your time, if you start finding the solution provider, spend time and energy, and later realize that the vendor does not offer the right solution match you require for your business. At the same time, there are occasions where merchants are confused and don’t have clear visibility as to which solution is the right one to choose. In cases, consulting a reputed eCommerce [...]

March 2, 2021 user ERP

5 Simple Ways an ERP System Improves Compliance for Your Organization

An ERP is one of the best ways to facilitate compliance because it increases the visibility, security, and traceability of your data. Not only will it reduce the time spent on tasks that can be automated, but it means you can rely on your data when it comes to audits and proving compliance. We show you five simple ways that ERPs can help improve compliance by streamlining your processes as you scale and grow. You have more control over your data and can retain historicals, all within a single system. [...]

January 11, 2021 user ERP

Top 5 ERP Modules in 2020

1: Financial Management Financial management ERP system modules are extremely helpful for a rapidly scaling company in need of resource planning. When using a financial management module, you’re able to track your finances, which are the heart and soul of your business. You’re in business to make money, and this module lets you see just how much money you’re actually making. A good accounting module works with every department to keep track of both the money coming in and going out. The module should be keeping track of this information [...]

January 6, 2021 user ERP

4 Key steps for internal preparation and kick-off

1) Determine scope and clarify goals. First, clarify your goals and objectives and be sure all stakeholders understand them. In the planning stage of the project, it is helpful to gather opinions from various parties. But trying to please everybody can lead to your project scope becoming too vast and uncontrollable. Thoroughly analyze your processes and goals; discuss, and clarify priorities during the requirements analysis phase. 2) Involvement of key person Identify key people in their respective fields within the company and determine how to involve them in decision-making. Aside from department [...]

December 28, 2020 user ERP

How to Control ERP Implementation Costs

If you're contemplating investing during a new or upgraded ERP (Enterprise Resource Planning) solution, you ought to realize that the implementation project is equally as critical as your choice of solutions. An experienced ERP implementation partner, a well thought out project plan, and thorough preparation can assist you to avoid unexpected costs and convey your project in on time and on budget. We have identified three basic project management principles that you simply can use to regulate ERP implementation costs: 1. Create a project blueprint Creating and following an implementation [...]

December 21, 2020 user ERP

Are you within the Stone Age together with your business?

If you are, you're not alone. you would like to believe in transforming your business to the modern age. Of course! Cloud computing can cut costs and boost efficiency, but that’s not all. It’s changing business as we all know it. Learn why it’s time to reframe your thoughts on the modern cloud. It is taking your servers and your IT Infrastructure to the 20th century. it's taking your accounting software from within the office to within the cloud. We all realize the cloud, we all know we'd like to [...]

December 14, 2020 user ERP

3 Things to think about When Choosing EDI Software for Your Business

Selecting the Electronic Data Interchange (EDI) software or your organization are often a challenge. There are numerous choices on the market. you would like to settle on technology which will automate your EDI activities, accelerate your business operations, and protect you from unnecessary IT expenses. Electronic Data Interchange is important once you got to oversee the exchange of a broad array of enterprise information together with your trading partners. EDI should be made simple and be compatible together with your business software, so you'll specialize in other trading aspects that [...]

December 7, 2020 user ERP

Ten Factors for Upgrade Your ERP Software

ERP (Enterprise Resource Planning) solutions have come a long way from their humble beginnings. Today’s solutions are sophisticated and powerful engines of efficiency and success. But even the best ERP solutions require upgrades as conditions change and technology advances. Upgrading requires an investment of time and money, so nobody wants to perform them more often than necessary. But how often should you upgrade your ERP software? There isn’t a standard time frame for upgrading your ERP. Most systems last five to ten years, so that might be good a good [...]

November 30, 2020 user ERP

What is True Cloud and Why Should I Care?

If you’ve been researching cloud business software for a while now, you may have heard of the terms “true cloud or “cloud washing.” At first glance, these may seem like buzzwords created to sell more cloud software. However, like most things, not all cloud software is created equal. So, a smart individual coined these terms to describe some major differences that exist between them. Basically, true cloud systems are built from the ground up for the cloud. And, cloud washed systems are legacy ones their creators retrofitted to mimic cloud [...]

November 23, 2020 user ERP

What Every CFO Needs to Know about the ERP Buying Process

Because nobody does it regularly, the ERP buying process can often feel complex and overwhelming. But as any CFO knows, it’s an enormous decision you can't afford to require lightly. the great news is there are many resources available online to assist ease your ERP buying stress. Buying ERP may be a big decision and financial investment. Nobody wants to implement a system they're going to only regret buying a brief time later. The simplest thanks to avoid making the incorrect choice is taking the time to know your needs, [...]

November 16, 2020 user ERP

Manufacturing and E-Commerce

The disruption caused by the COVID-19 crisis has quickly changed the way Americans and others around the globe conduct business. Many have shifted their focus to online endeavors to continue serving their customers. Not only does online marketing allow your current customers to deal with you remotely, but it also opens up new revenue sources with customers in other areas. But even with the incentive of more and better customer service, some manufacturers are hesitant to open up a digital commerce site. A look at the benefits of e-commerce and suggestions on [...]

November 9, 2020 user ERP

How Cloud ERP Can Help You Uncover Opportunities to Build Revenue

When your finance team spends all their time entering numbers into spreadsheets, they don’t have time to put that data to work. Data provides a strategic advantage and your competitors are ditching the spreadsheets for analytics that turn digital information into profits. Data is a strategic asset Cloud ERP centralizes your business data and integrates disparate systems, eliminating redundant spreadsheets and departmental silos. With consolidated data, you can use cloud-based analytics and machine learning to understand customer trends and explore new revenue opportunities. Using data as a strategic asset, you [...]

November 2, 2020 user ERP

Cloud ERP Helps Businesses Embrace the New Normal During COVID-19

Working remotely is not any longer just a monthly occurrence or occasional necessity – it’s become an everyday reality for many people across the country with the outbreak of the novel coronavirus. Ready or not, businesses have implemented teleworking protocols and closed brick and mortar offices for an unknown period of your time. For businesses counting on on-premises business management solutions while they work from home or in other remote scenarios – difficult is an irony. Businesses operating within the cloud, however, are likely encountering minimal disruption to their processes. [...]

October 27, 2020 user ERP

Why Cloud ERP Could be a Growing Company’s Greatest Asset for Managing Information

Having a successful, growing business is the dream of every small company. However, this growth does not come without challenges. Many small companies have several different departments and with them, several different disconnected software products. As these companies become larger, however, managing all these different disjointed software environments becomes difficult and time-consuming. This was a challenge faced by Company A. As a rapidly growing accessibility solution provider with offices in many countries, the company is expecting to double in size within the next year. They needed a centralized system where [...]

October 19, 2020 user ERP

8 Frequently Asked Questions About Cloud ERP

Will it deliver the performance I need? Cloud ERP uses the latest technology and infrastructure to drive performance capable of handling thousands of transactions per hour with incredible speed and minimal hardware. Will it scale? As your business grows, Cloud ERP grows with it. With the option to upgrade resources and run multiple application servers simultaneously, you can keep up with the demands of your business. Is it secure? Cloud ERP meets the highest levels of physical and software security. You are in full control of where your data is [...]

October 14, 2020 user ERP

Cloud ERP Can Simplify Compliance with Industry and Government Regulations

Keeping pace with government regulations, industry standards, and corporate quality initiatives has become an overwhelming challenge for small and medium-sized businesses. In addition to the many levels of standards and regulations your organization needs to comply with, the electronic data handling laws continue to evolve. You need expert advice. Look to experts on compliance The leading cloud ERP providers ensure that the proper tools, security, and agreements are in place to support compliance. Through automated workflows and audit trails, a cloud financial management system provides the documentation to reduce the [...]

October 6, 2020 user ERP

Choosing the Best ERP Software for Your Business

ERP (Enterprise Resource Planning) solutions are critical to the success of most businesses. Today, there are a variety of ERP solutions offered by a variety of vendors with a spread of implementation modes at a spread of prices. With all those combinations and choices, how are you alleged to choose? You probably realize that your first choice should be the ERP solution that best meets your needs and adds value to your business. While all ERP solutions have similar basic functionality, it’s the differences that will help you decide which [...]

September 29, 2020 user ERP

What Can Digital Transformation Do for Manufacturing?

Digital transformation, marrying the right technology with the right processes, can make your manufacturing business more efficient and subsequently more profitable. Increased capabilities also will make your business more valuable to your customers, who will reward you with their loyalty. One of the best tools for transforming your manufacturing business is a fully integrated, cloud-based ERP (Enterprise Resource Planning) system. A solution that combines financials and customer data, as well as management tools for all aspects of your manufacturing business, will be a game-changer. Supply Chain Management: The ability to [...]

September 24, 2020 user ERP

5 Things to Do While You Hold Your ERP Project

Whatever the reason, if your company has put an ERP project on hold, it pays to keep the following five considerations in mind while waiting for the project to get back on track. 1. Ensure Project Team Alignment. With an ERP project on hold, it’s valuable to use the time to get aligned or realigned with the company’s strategic initiatives and priorities. Have the project team regroup around strategy, review past communications with executive management and look for ways to improve messaging and selling of the project against competing priorities. [...]

September 15, 2020 user ERP

What’s the state of your company’s ERP goals and Why Set ERP Goals?

The importance of setting ERP goals is confirmed from findings in Ultra’s ERP Implementation Survey recently. The survey surveyed more than 300 US manufacturers and distributors with a carefully crafted set of questions designed to strike at the basis of conceptions about ERP projects. The focus was on ERP implementation projects in terms of schedule, costs, and expected ROI. The survey found that an ERP project is too important to embark upon without first setting goals. These goals should also form the basis for expectations in terms of return on investment [...]

September 8, 2020 user ERP

Avoid 3 Unpleasant ERP Selection Surprises

Selecting an ERP system for your organization can cause some unpleasant surprises if you are not prepared. Paying quite anticipated over time, failing to understand the advantages of the system, and not having a transparent picture of the general financial value of an ERP implementation can cause significant issues in your organization. Use these three tips to realize a full understanding of your ERP investment. How Much Does It Actually Cost The initial price isn't an equivalent because of the total cost of ownership. you've got to think about the [...]

September 3, 2020 user ERP

Should You Customise Your New ERP Software Solution?

Are you contemplating upgrading or purchasing a replacement ERP (Enterprise Resource Planning) solution for your business? Wouldn’t it's great to possess one that, right out of the box, did everything you'll imagine, and more importantly, everything that your business requires? No one ever wants to spend overtime and money on customizations. In fact, outdated or dysfunctional customizations are a reason companies search for a replacement ERP system within the first place! But a replacement ERP system that doesn’t do what you would like it to try to are going to [...]

August 28, 2020 user ERP, O2O

3 Reasons to Embrace E-Commerce

Online Grocery Shopping will Grow Still on the fence about selling online? Let you leave your doubts behind now. Online grocery sales in the U.S. are projected to grow to $29.7 billion by 2021. Buying food and beverage products online is fast becoming the norm, and you don’t want to be one of the last few to embrace the new digital reality. And this isn’t a passing fad. research by FMI and Nielsen reveals that a huge 80% of respondents who have purchased groceries online plans to do so again, [...]

August 21, 2020 user ERP

How to Minimize the Impact to Your Business

News about coronavirus (COVID-19) is everywhere. There’s such a lot to believe at a private level for friends and family. But it is not being insensitive to think about the implications this might wear your company and your employees, especially if your company isn't running online accounting. That's why you would like to be trying to find the simplest online accounting software to stay you going. Starting Life Remotely Having a mobile workforce is nothing new but allowing employees to figure remotely is an increasingly sensible option. Born-in-the-cloud solutions can [...]