4 Top Things You Should Now When Choosing an ERP in Singapore
Think it’s time to seriously consider obtaining an Enterprise Resource Planning for your SME business in Singapore?
First, congratulations. That decision has been overdue. You used to worry that your business may not be able to afford a reliable ERP software. Now you are taking a leap — and all for the better.
Second, hold it right there. Deciding to finally get an ERP in Singapore may be one thing. Planning on how to go about it is yet another. It may prove to be the tricky part.
Before you get out there and invest in the first ERP product you encounter, you may have to put your foot down on certain criteria. A bad investment may negate all the good intentions you had in finally deciding to go the ERP way.
On the other hand, if you plan your investment well enough, you are on the road to realizing all the benefits of ERP that could propel your business in Singapore to new heights.
In choosing an ERP in Singapore, bear in mind the following:
1. The rules are different from place to place. Different countries have different corporate tax and regulatory requirements. Singapore, for instance, is specific in its tax requirements. The Inland Revenue Authority of Singapore has a list of accounting software that meet its technical requirements. Needless to say, a tax-compliant accounting software in Singapore is essential to your business, because no business exists in isolation. It must conform with the norms established in places where it conducts itself.
It goes without saying that if the software company you intend to engage for your ERP requirements is not included in the list, then you must drop it from you list and deal only with IRA-certified organizations.
2. Consultants must go beyond tech expertise. It is a given fact that ERP consultants are tech-savvy and possess an exhaustive knowledge of the software. However, this is not the only skill that is relevant in the business.
The ERP consultants whom you would engage to help implement your software must also be aware of prevailing trends, regulations and prospects in Singapore and in the specific industry in which your business operates. They must know your business inside out, as well, so that they can make recommendations about how you can utilize the ERP to your best advantage. Their minds must be analytical, and they must possess a thorough knowledge of your business processes as if they worked for you, themselves. Only this way can they own the processes and successfully adapt the software to meet your needs and objectives.
3. The cheapest option is not always the best deal. Acquiring an ERP in Singapore is an investment, and investments do not come cheap. If they did, their value would be low, their relevance short-lived, and their application superficial.
Since you have decided to shell out precious money, anyway, it is always advisable to go for quality, especially since this concerns the future viability and success of your business. Investments always hurt in the beginning, but good investments eventually show you why you were right to go with them. Your ERP investment is the same. So do not shortchange yourself — give yourself a product that is relevant and significant to you. As you deserve.
4. Finally, always look for proof of value. When the software providers you are considering come into your office to make presentations of their previous work, evaluators and decision-makers must be critical. Make sure that the demo pertains to an aspect of operation that is relevant to your business.
Do not be easily satisfied with flowing words and creative presentations. As much as possible, do not rely on screen shots; ask for live demonstrations instead so you get a feel of how the system actually works.
While there are plenty of ERP options in a market as advanced and as dynamic as Singapore, remember that the only considerations you must have for investing in an ERP system is how well it would work for YOUR organization — given its specific processes, demands, and environment. ERP in Singapore, as in anywhere, is never a plug and play.
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