Business Blog

Asset management is a real challenge in asset-intensive organisations. They have to manage equipment, machinery, IT infrastructure, vehicles, and high-value tools and face disjointed records, inaccurate depreciation, and unplanned maintenance-related disruption. ERP Asset Management Software solves these problems through the lifecycle management of....

The cash flow is always a source of pressure for most of the SMEs, even when sales are on the rise. Long customer credit terms slow down the collection and lower the cash visibility. The invoicing and follow-ups, which are manual, further slow the process, and small finance teams can hardly keep up. Such loopholes complicate the process of forecast....

Accounts payable directly influences cash flow, cost management, and relations with suppliers. Manual invoice management and disconnected tools also commonly cause delays, errors, and restricted visibility as SMEs expand. Close to 39 percent of invoices have been found to have mistakes during manual processing, and the average number of p....

Financial reporting can be described as the process of preparing financial statements that report on the financial performance and position of a company to its stakeholders. Such reports give a standardised picture of the health of the business, and all the owners, investors, creditors, and regulators can make informed decisions based on it.  Thi....

Managing employee leave manually may seem manageable when your team is small. However, to most Singapore SMEs, spread sheets, email approvals and disaggregated HR records are soon to be a source of errors, compliance risk and time wastage. Here, ERP leave management software will be needed.   In this blog, we discuss what leave ....

Singapore SMEs are under persistent pressure as the cost of operation increases and labour is constrained. The Ministry of Manpower reports that the growth in the resident workforce has decreased, with more focus on output gains as opposed to growth in number. Concurrently, regulatory compliance, GST reporting, and audit expectations are on the ris....