Which ERP is Suitable for Banking in Singapore?

A bank is a financial institution that provides checking and savings accounts, loans, mortgages, and other services. Banks provide many related services, such as IRAs, CDs, currency exchange, and safe deposit boxes. Digital technologies are transforming the way that banks do business. This is particularly true of banks in Singapore, where the landscape of banking is rapidly changing. Banks need to adapt to these changes while also meeting the needs of their customers. In response to customer demands and new economic realities, banks are increasingly finding that they must leverage technological solutions.

Banks have shifted their strategic priorities from managing loans and risks to providing financial services while also managing assets. Personalized financial experiences are becoming increasingly important to corporate clients in the financial services landscape. As customers’ expectations have shifted over time, a one-size-fits-all approach has become inadequate. Banks now need real-time data intelligence to handle the influx of information created by their own customers, competitors, and regulators. ERP software can help banks serve the needs of modern customers and realize higher efficiency.

For example, the banking group has more than 1000 branches in 5 countries and caters to the needs of 10 million customers. The bank was facing several problems: its IT landscape had become too complex and expensive to upgrade, business processes were failing to meet best practices and weren’t adapting quickly enough. Banking group has modernized its technology infrastructure by deploying an ERP system. The company has achieved significant cost savings by consolidating its data centers and standardizing its IT infrastructure. The banking group has increased reporting and decision-making efficiency through the use of a new ERP system. It has also improved its business processes, making them more efficient. They streamlined their back-end processes, leading to greater operational efficiency. They also improved compliance with international accounting standards while making customer experiences more enjoyable. And they found a way to integrate all of these things digitally and drive innovation throughout the company!

About Multiable:

Multiable has earned a reputation as one of the leading developers of ERP systems. For more than 30 years, its ERP system has been used by more than 6,000 companies across Asia. Multiable has a strong focus on providing its customers with the best possible service. It’s able to do this because Multiable employs experts who have experience in all areas. These experts can provide advice on how best to use Multiable ERP system and help companies get the most out of their systems.

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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