Employees of many different corporations, including Meta, Disney, Zoom, Dell and PayPal have been laid off over the last few years. This has happened because pandemic-related financial instability has wreaked havoc on businesses all around the world. Aside from lowering payroll expenses, layoffs can cut costs in other areas. Saving money on salaries is only one benefit businesses see when they lay off employees. In the case of a layoff, an employer is not required to provide its terminated employees with benefits or insurance. Therefore, many companies announced plans for mass layoffs in 2022 and 2023.

While mass layoffs may save company money in the short-term, they can significantly hurt its ability to attract and retain talented employees. When you let go of valuable employees, their expertise and company knowledge goes with them. Of course, there is also a chance that the layoffs will make everyone on your team feel down and out. When companies lay off workers, employees who remain often have to take on more work. This can lead to increased stress and fatigue, which can ultimately hurt the quality of your work.

In order to relieve the pressure on business processes, ERP system is one way of achieving that goal. ERP system integrates and automates core business processes such as accounting, inventory management, human resources and sales, etc. ERP system is designed to be scalable and flexible, which makes them easy to maintain. A good ERP system will also have a robust reporting module that allows you to generate reports at any time for any business process. ERP system can definitely help enterprise automate their business processes and increase efficiency, productivity, and profitability by workflow management.

The process of designing, implementing, monitoring and improving workflows within an ERP system is called workflow management. Workflow management ensures that the systems used to create and manage business processes are aligned with a company’s objectives, follow best practices, and meet performance standards. Workflow management is also responsible for identifying and resolving issues or bottlenecks that arise during the workflow process, such as errors, delays, redundancies or conflicts. By managing your workflow, you can streamline processes, cut costs, increase customer satisfaction — and stay in compliance with regulations.

Multiable ERP system has powerful workflow management capabilities that can help optimize workflows. Workflow optimization is the process of analyzing, testing, and refining workflows so that they are more efficient and effective. With Multiable ERP system, you can save time and money by completing tasks more efficiently. This helps you stay ahead of your competitors in the marketplace.

About Multiable:

Multiable has extensive experience in the implementation and development of ERP system with more than 30 years of success. Our technical strength is combined with management ability to respond to business demands — and launch special application solutions for clients that are diverse and complex. Multiable helps you gain a competitive edge and create value in today’s global economy.

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.