Enterprise Resource Planning (ERP) has become one of the essential parts of running a business in today’s day and age. These ERP Solutions add much value regardless of what type of business you run.
Enterprise Resource Planning Solutions help manage important business fundamentals such as operations, accounting, project management, inventory management, compliance, and supply chain, among others, effectively.
In the modern world, it is essential to equip your business with automated solutions that help streamline your workflow. This is especially true for Small and Medium Scale Enterprises in Malaysia and Singapore.
According to research, the Asia-Pacific region is one of the top emerging ERP markets, expected to grow at an annual rate of 9.8% through 2027. Utilizing the resources efficiently is paramount for these growing businesses.
Singapore and Malaysia are known for their trade and business. According to a report, more than 90% of the driving force of the Singaporean economy comes from Small and Medium Scale Enterprises. This means that the opportunity to grow your business is unparalleled in countries like Singapore and Malaysia.
But, it is essential to know with increased opportunities comes increased challenges. According to a survey, more than 50% of Small and Medium Scale Enterprises reported facing challenges with managing Labor and Resources.
That is precisely where Enterprise Resource Planning (ERP) Systems can help navigate these challenges. In this article, we will be talking about some of the noteworthy Enterprise Resource Planning Service Providers in the Singapore and Malaysia regions.
Consider this article, not as a recommendation but as a source of information to help you make a better choice for your business.
What are Enterprise Resource Planning Systems?
Before we go further, let us briefly understand what Enterprise Resource Planning Systems are and how they can supercharge your business. As mentioned earlier, ERPs refer to a piece of advanced software specially designed to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.
An ideal ERP Solution for Small and Medium Scale Enterprises should be able to efficiently manage all of the processes mentioned above from an integrated system. The idea is to systematically maintain and manage all organization records from a unified dashboard.
According to a study, 49% of companies reported improving their business processes after implementing an ERP Solution.
ERP software has evolved rapidly over the years. The Enterprise Resource Planning System’s core feature is to automatically share information based on real-time intelligence. Technologies such as machine learning, artificial intelligence (AI), and cloud capabilities have enabled the Automation of Enterprise Resource Planning software, resulting in greater efficiency and accuracy.
According to a study, 53% of Enterprises with ERP Software used Cloud-based solutions rather than on-premises enterprise platforms. These feature sets significantly benefit Small and Medium Scale Enterprises and organizations implementing Omnichannel operations.
The idea behind Omnichannel is for businesses to have online storefronts along with physical retail stores. In the last decade, there have been a few remarkable examples of Omnichannel implementation of operations in Singapore and Malaysia.
Best ERP Systems for Small and Medium Scale Enterprises
Here is a list of 7 best ERP Systems we have complied for Small and Medium Scale Enterprises in Singapore and Malaysia:
Epicor has been in the Enterprise Resource Planning industry for over 50 years, and that is what they offer the best - experience. Epicor offers two industry-specific solutions that are tailor-made to streamline business operations.
The first Solution provided by Epicor is specifically for Manufacturing. Given the way Epicor works, the ERP Software for Manufacturing is dedicated to simplifying your business and maximizing ROI at every stage.
According to a report, Manufacturing companies were the No. 1 users of ERP software. Epicor specializes in over 13 different industries, including Aerospace and Defense, Automotive, Electronics, Medical Devices, Furniture, Construction, Machinery, and much more.
The other solution provided by Epicor is for distribution. Manufacturing and distributions are two different ball games and require specialized modules for the same. Epicor offers Enterprise Resource Planning Solutions that help digitize the distribution process. According to an IDC study, Epicor Distribution Customers Achieved 8.1% Revenue Gains.
To learn more about Epicor, check out their official website.
Sage Group has been around for over 20 years and offers a variety of Cloud Solutions for businesses. Solutions include Accounting, Finance, Human Resources, Customer Relationship Management, and much more. The most popular among them is the Sage X3, their flagship Enterprise Resource Planning software.
The best feature of Sage X3 and almost all their other products is the level of flexibility they offer. Regardless of the size and maturity of your business, Sage has a solution that is tailor-made for your needs. Some of the key features of Sage X3 is the Production Management module that allows manufacturers to gain shop floor control and optimize quality for their entire lineup.
For companies that are into Omnichannel e-commerce businesses, with the Supply Chain Management module, you can track real-time information about Sales, Inventory, and Customer Service.
Another key feature of Sage X3 that benefits almost every business is the Financial Management module, which allows real-time monitoring of Budget and Accounting. With the robust reporting feature, you can easily ensure you are maintaining local compliance and tracking your financials
Check out their official website to know more about the Sage Group and the solutions they offer
Odoo is an open-source Enterprise Resource Planning Software system that makes tools for almost every part of a full-fledged business. Everything from Sales, Accounting, CRM, Human resources, Invoicing, Inventory Management, and much more can be easily configured based on the requirement of your business.
What makes Odoo an excellent choice for Omnichannel brands, businesses and e-commerce is the dedicated set of modules to manage the intricacies of these businesses.
The best part about Odoo ERP is that it is free and open-source. You can choose precisely the type of solutions you need and add more as and when your business grows. This feature makes it perfect for Small and Medium Scale Enterprises.
That is not all; you can easily select from a large variety of community-built software tools or integrate the Odoo ERP with many supported third-party software solutions. Another significant benefit of Odoo ERP is the employee evaluation system that considers various parameters like employee leave rate and performance.
To know more about Odoo ERP Solutions, check out their official website.
If you are familiar with the software industry, it is unlikely that you have not heard of Oracle. Oracle offers one of the best software solutions for businesses in various industries. NetSuite is Oracle’s Cloud Enterprise Resource Planning Solution.
NetSuite provides a robust unified business management suite that includes tools for Finance, Accounting, Customer Relationship Management, Omnichannel e-commerce, and a lot more.
Oracle NetSuite offers a ton of features for Small and Medium Scale Businesses.
The level of Adaptability offered by Oracle NetSuite allows business owners to build a personalized cloud suite from the ground up. NetSuite constantly upgrades to keep up with the latest technologies, and your customizations and configurations migrate seamlessly with every NetSuite upgrade.
Check out Oracle’s website to learn more about NetSuite and its features.
Infor is one of the industry leaders for Enterprise Resource Planning Solutions. With over 60,000 customers from all industry verticals, Infor is built to suit all businesses. If you are a large corporation or a Small and Medium Scale Enterprise, Infor has the ability and experience to provide mission-critical solutions for all your business needs.
One of the best features of Infor is its cloud capabilities. Infor has partnered with Amazon Web Services, the No. 1 Cloud Service Provider, to upscale its ERP software experience. They have invested much of their resources in Cloud R&D to ensure world-class functionality and best-in-class security.
What the cloud does for your business is provide the potential to optimize your business requirements. Gartner recognized Infor as a Leader in the 2021 Magic Quadrant for Cloud ERP for Product-Centric Enterprises.
Check out their official website to know more about Infor and the solutions they offer.
IFS AB is a Swedish Business Management Software provider that offers solutions for industries like Energy Resources, Construction, Engineering, Telecommunications, Manufacturing, Service Industries, and many more. IFS AB has a robust business suite, including Enterprise Resource Planning, Enterprise Asset Management, and Enterprise & Customer Service Management.
Like many other Enterprise Resource Planning Service providers, IFS AB implements cloud computing to reduce costs, complexities, and risks. With IFS Cloud, you can effectively plan, manage, and optimize critical asset availability, service delivery, and workforce productivity from a custom dashboard for your business.
IFS AB allows you to eliminate technical complexity and drive efficient digital transformation. IFS AB is a great choice for Small and Medium Scale Enterprises. You can easily integrate IFS Cloud with your current business tools to make the most of the solutions offered.
Check out their official website to know more about IFS AB and its customer success stories.
Acumatica is the newer service provider on the list specializing in Cloud Enterprise Resource Planning Software. Founded in 2008, Acumatica is one of the fastest-growing Cloud ERP companies focusing on enhanced customer experience.
Acumatica is perfect for Small and Medium Scale Enterprises as it is built keeping in mind the challenges mid-market businesses and organizations face. The best feature of Acumatica is pay-as-you-go which enables you to license as you need.
With Acumatica, you can easily integrate the tools and systems that your business already uses. Acumatica focuses on ease of use, and with its award-winning and intuitive UI, you can easily improve efficiency and reduce error.
Being cloud-native, you can access essential business data from any device, anywhere. You can personalize your dashboards with their no-code technology per your business needs.
The list goes on with Acumatica. Check out their official website to learn more about their technology and services.
Hopstack's Seamless Integration with Modern ERPs
Hopstack enables you to integrate industry-leading Enterprise Resource Planning solutions with our advanced Digital Warehouse Operating System. When you do so, you gain the ability to sync order-related information and stay up to date with critical information on inventory management and operations seamlessly.
Check out the list of services Hopstack integrates to streamline your business workflow systematically.
Get in touch with our team to learn more about the leading ERP Solutions for your business and the best ways to integrate them into your warehouse.