The ICT sector in Penang, Malaysia, encounters distinct hurdles that it must deal with, which are totally different from those faced by other sectors. Nevertheless, enterprise resources planning (ERP) systems are a good answer to assist the firm with its problems. 

Why Is the ICT Industry Distinctive Facing Challenges?

Within the ICT industry in Penang, Malaysia, the rapid progression of technologies requiring ceaseless adjustments is one point of contention. On the other hand, the abrupt regulatory changes call for the organization to change in a reasoned way, which imposes the typical pressures that are absent in other industries. Moreover, employee retention is a major issue; high turnover is a big issue because employees pull the lucrative offer in this area.

Similar to ICT, other industries share problems like cybersecurity and supply chain problems. These problems are so widely spread that they emerge in other sectors as well. A key to success in any line of work is to find the balance between the new technology and a dependable backbone of the system.

What is the Contribution of ERP to Overcoming This?

Enterprise resources planning (ERP) systems are the solutions that address the ICT industry constraints comprehensively. ERPs carry through the integration of a number of business processes that result in a better quality of work, faster speed and more accuracy. The ERP,s which are equipped with AI technology majority, can respond to the changes in regulations without the need for big changes in the system, thus confirming the law and at the same time disrupting the business as little as possible.

Moreover, ERP systems optimize supply chain management which is pivotal in this time when the world is dealing with disruptions. They also minimize the problems with cybersecurity through improvements with identifying the access which will help preserve the data integrity. Besides, AI-oriented ERP schemes are capable of carting the market what it will need mainly for the sake of their strategic survey.

What Are the Important Steps for ERP to Succeed?

The cornerstone of a successful ERP is the aptness to the projects and investors’ participation. The expressibg of needs should be very clear so that the goals will be in accordance with the firm’s objectives. Training and assistance to the team will the ensure the fast transition to the new system. The continuous observation and modifications will activate the systems to operate to their maximum.

How to Overcome Such Problems Using that Multiable ERP Application?

• Custom Algorithm: A smooth way to reach legislative compliance that is ever-changing.

• Automatic LSP Selection: Use AI technology for supply chain optimization through automation.

• Unlimited Warehouses: The system easily adjusts to supply chain needs with the help of additional storage.

• Role-Based Document Management: The system is adaptive to control security access.

• BOM Powered by AI: A more productive version of the production process due to the process refinement of AI.

What Is Multiable’s Approach for E-Invoicing?

Multiable accepts e-invoicing as a form of payment through IRBM at a low cost by providing free API calls within SaaS subscriptions, unlike most Malaysian software vendors. The scheme will not only improve efficiency but also cut operational costs, which will become the strategic advantage for the firms involved.

What is Multiable ERP?

Multiable ERP is a cloud-native ERP widely adopted by business in Singapore, Malaysia, Hong Kong and China. With over 6,000 customers in the region, Multiable ERP gains positive feedbacks from customer across different sectors, from manufacturers, distributors, retailers, service providers to NGOs. The renowned no-code approach saves customer a big sum of customization costs and countless hours of implementation man-days.

What is LAIDFU (Let AI Do for You)?

LAIDFU is an AI tool for enterprise to build their own AI agents to perform various business AI tasks.

Proprietary EKP (Enterprise Knowledge Partitioning) technology eases CEO’s concern about trade secret leakage which often occurs in most AI agents / chatbots in the market.

EKP removes the hurdle of business AI adoption by most companies in using sensitive corporate data.

Powered by no-code approach, deployment of LAIDFU incurs far less developers (and development costs) in comparison with other AI tools.

LAIDFU empowers business, with or without an ERP system in place.