Alternative to Layoffs: Implement an ERP System

When your company faces difficult financial times, the easiest way to cut costs may be through layoffs. Although layoffs may reduce costs in the short term, they can create serious problems for long-term growth. These actions could result in severance payouts, higher unemployment insurance rates and lower morale. When business improves, a company may be compelled to rehire laid-off workers — and end up spending more than it anticipated.

You may want to investigate some alternatives that could reduce your costs. For example, switching to an ERP system may save money and increase efficiency.

ERP system helps businesses work more efficiently by integrating core business processes. ERP systems bring together disparate functions from different departments and geolocations into a single, centralized system. The goal is to create a system that makes the exchange of information and knowledge smoother throughout an organization, regardless of its size. With automation, more work can be done with less time and resources. With this in mind, in the long-term you’ll save money and strengthen your bottom line.

As automation replaces human-based processes, it reduces errors and removes factors caused by people. ERPs can help your company share information more accurately, which improves decision-making. Improved employee productivity and decreased frustration levels are some of the benefits associated with automating mundane administrative tasks. As internal communication becomes easier, company-wide silos are often broken down — which makes employees happier and boosts morale.

Multiable offers a well-designed ERP system to help centralize your business and promote more timely and efficient daily operations. Combined with the analysis tools, intelligent reporting can provide real-time business and operating information to conduct in-depth analysis. Data analysis can help enterprises achieve and exceed business objectives by providing a comprehensive understanding of industry trends. Multiable offers a flexible and robust system that allows companies to grow their businesses and become industry leaders.

About Multiable:

Multiable is recognized for its expertise in software development, as well as for developing innovative ERP systems. For the past three decades, it has been in business and its ERP system is used by 6,000 companies across Asia. Multiable has developed a reputation for providing excellent ERP implementation services, because its experts — who possess experience in all areas of business and technology — can provide advice on how best to use the system and help companies get the most out of it.

About EDG Grant:

The Enterprise Development Grant (EDG) was launched in 2018. EDG is a single grant that supports companies in the upgrading of business capabilities, innovation and internationalization. EDG replaces the Capability Development Grant (CDG) and the Global Company Partnership (GCP) in the same year.

M18 ERP and M18 HCM is under the scopes of EDG grant.

Our consultants have rich experience in helping customers to get EDG application awarded to deploy our renowned M18 ERP in Singapore. Multiable will provide relevant technical / system related documentations and guide you throughout the application process

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