ERP | Multiable

May 18, 2020 user ERP

Hidden Economic Benefits of Cloud ERP

Less Capital Output With traditional, legacy on-premise ERP, there is a large upfront capital investment in hardware, servers, and infrastructure. Cloud ERP is managed and maintained by software and hardware experts in large, secure data centers. Manufacturers simply pay for the service they need. Subscription-based pricing is “pay as you go,” providing the option to choose how much—or how little—functionality to buy. This involves very little upfront costs. Faster Expansion Once cloud ERP is active, manufacturers merely need an online connection to feature new users and locations. Because there's just [...]

May 13, 2020 user ERP

5 Ways to Take Advantage of an ERP

Maximize Your Sales and Revenue Implementing an ERP has an immediate impact on your bottom line. Features designed to optimize the order-to-cash process eliminate inefficiencies, lead to smarter forecasting, and ensure a higher level of customer service. Plus, by automating some of the most time and labor-intensive aspects of the CRM process, your staff is free to focus more on selling. Empower Your Mobile Workforce Working outside the office is both an opportunity and an obstacle. Your staff can interact with clients anywhere at any time. But they often lack [...]

May 11, 2020 user ERP

Kinds of Security Risks for Organisations Implementing ERP

Unauthorized Access ERP software generally comes with a set of standard roles that are allocated to users on the basis of their functional tasks in the organization. Consequently, clients plugin user-based controls and limit a user’s software access on the basis of their customization and authorization level. For example, an accounts clerk would not possess access to the inventory management module in the ERP. However, there is a risk of users creating fraudulent transactions, making unapproved updates, or submitting entries with transaction errors that are preventable. The third security issue [...]

May 7, 2020 user ERP

4 Ways Small Business Can Benefit From ERP

Joined Up Thinking With ERP in place, departments are no longer cut off from one another with their data locked away into separate systems. Common business processes can now progress smoothly from one department to another without the need to re-enter data or search manually for information. With an ERP system in place, all the relevant data is readily available and mistakes are drastically reduced. Better Management With an ERP system designed for small to mid-sized businesses, you get clear visibility across departments and a single source of data truth. [...]

April 29, 2020 user ERP, HCM

What is SaaS? Benefits and Disadvantages

SaaS (Software-as-a-Service) SaaS is a method of software delivery. You can access data from any device with an internet connection and a web browser. The software is written, maintained, and hosted by the software vendor. Most of the time, you purchase this solution on a rental basis because it is web-/HTML-based. The software vendor hosts and maintains the servers, databases, and code. There are two varieties of SaaS. Vertical SaaS is a solution that focuses on the specific needs of the industry, for example, rental or transport. Horizontal SaaS focuses [...]

April 24, 2020 user ERP

3 Tips for a Successful ERP Implementation

1. Choose People for Competency and Ability, Not Job Title or Status Although it's imperative to have upper management involved throughout the project, when it comes to electing your implementation team, it is vital to choose the ability over status. Employees with managerial status aren’t necessarily more knowledgeable or qualified than other members of the team. When selecting your key players, look for savvy, experienced employees across the company to cross-train into the new ERP systems, or hire experienced permanent ERP professionals to augment the work of the implementation Partner. [...]

April 22, 2020 user ERP

Why E-Commerce and ERP are Made for Each Other?

Enterprise resource planning is not just for internal work functions. Integrating your ERP with e-commerce can make managing your customer-facing work much easier and more reliable, through automation and real-time updates. If you sell products online, using ERP for retail business can help you manage your revenue streams more efficiently and effectively. Inventory Levels One of the most frustrating aspects of online commerce for both businesses and customers is the inability to manage inventory. As customers take orders, any system that does not connect to your inventory is built to create problems. If you [...]

April 17, 2020 user ERP

5 Methods ERP Simplifies Reporting

Standard Chart of Accounts Multiple locations and business units sometimes retain their own spreadsheets for purposes of production and native operations. Having each location maintain its own chart of accounts can cause a disaster. A single ERP system centralizes and standardizes accounts, which is significant to accurate reporting. Otherwise, accurately comparing different business units is almost impossible. it's probably obvious but still worth mentioning that one ERP system dramatically reduces the time required for period reporting at the consolidated level. Single Source of Truth Financial numbers don’t lie, but gathering [...]

April 14, 2020 user ERP

Advantages of Optimizing Your ERP System

Enhanced Functionality The functionality of the ERP system is distinct for every sector. Also, it cannot address every requirement of the business. As a result, organizations often integrate additional systems to augment the ERP. However, a number of the external systems are not incorporated adequately into the core systems, and organizations fail to reach complete optimization. The ERP systems should be implemented in such a way that there is room for further upgrading, while also ensuring cost-effectiveness. To achieve optimum results, organizations got to possess foresight about the changes in [...]

April 9, 2020 user ERP

4 Important ERP Requirements for Manufacturers

Agility As market trends and customer demands change over time, so do company goals and wishes. Manufacturers today must have the power to react quickly to changes in supply and demand and still deliver products on time and profitably. this enables for changes to be made to any process and provides manufacturers the chance (and agility) to scale with any changes that they have to satisfy. By doing so, ERP software gives them the agility they have so processes are often easily customized to suit the wants of the business. [...]

April 7, 2020 user ERP

4 Tips to Increase ERP User Adoption

1. Communicate the benefits before rolling it out: Before even beginning the implementation process, people need to understand the reasons for the change, why it is necessary, and how it will help them with their daily work. If they don’t understand the reason and benefits behind such a big change, they will not buy in and would see the project as another thing to add to their busy day. 2. Make sure the system is easy to use: Your new ERP system should be fast, easy to learn and intuitive. Make sure [...]

April 2, 2020 user ERP

Singapore Budget 2020 (Supplementary Budget 2020) – Human Capital Initiative (3)

Many Singaporeans and enterprises welcome the Singapore Budget 2020 and the Supplementary Budget 2020 announced on the 18 February 2020 and 26 March 2020 respectively by Deputy Prime Minister and Minister for Finance Mr. Heng Swee Keat. For enterprises, the budget 2020 focuses mainly on a few aspects such as “Dealing with challenges”, “Preparing for Growth” and “Human Capital Initiatives”. In fact, besides adopting technology and going digitalisation to increase productivity, the human capital part becomes one of the essentials and precisely, one of the ways that enterprises can be [...]

April 2, 2020 user ERP

Singapore Budget 2020 (Supplementary Budget 2020) – PSG (2)

In my previous article regarding the Singapore Budget 2020 and Supplementary Budget 2020 that was announced on the 18 February 2020 and 26 March 2020 respectively by Deputy Prime Minister and Minister for Finance Mr. Heng Swee Keat, I mentioned about the Enterprise Development Grant (EDG) which was enhanced from 1 April 2020 onwards to provide a higher support percentage to enterprises in Singapore. In fact, for enterprises, besides the enhanced EDG, Singapore Government announced the new enhanced Productivity Solutions Grant (PSG) as well during the Supplementary Budget 2020. Similarly, [...]

April 2, 2020 user ERP

Singapore Budget 2020 (Supplementary Budget 2020) – EDG (1)

Singapore Budget 2020 was announced by Deputy Prime Minister and Minister for Finance Heng Swee Keat on the 18 February 2020. However, due to the COVID-19 ongoing pandemic globally, a special Supplementary Budget 2020 was announced on the 26 March 2020 which provides enhanced assistance to Singaporeans and enterprises in Singapore. Singapore Government is always advising enterprises in Singapore to be prepared for the upturn especially during the current COVID-19 downturn. Nobody knows when the upturn is coming but if you can catch the upturn wave as early as possible, [...]

April 1, 2020 user ERP

ERP and BI – A Perfect Combination

Companies today have mountains of data in their ERP and enterprise applications. And with the economy forcing us to do more with less, many are leaving this data largely untapped. Massive amounts of data can be overwhelming and complex, but the good news is that Business Intelligence tools can help deciper the data and add strategic value to your organization. Turning ERP data into actionable intelligence provides better decision making support and improved organizational visibility. Business Intelligence allows companies to work smarter and when the economy turns—as it inevitably will—those [...]

March 27, 2020 user ERP

4 Types of ERP Data Inefficiency

Inconsistent data entry. Example: Some vendors are numbered VE.XXXXX and others are numbered VEND.XXXXX, while the addresses have been entered in all upper case for some and in a proper case for others. Duplicate data. Example: Customer "AAA" Inc has been entered into the system three different times, each with slightly different naming/numbering conventions or address formatting. Typically, all three of those customers now also have associated posted history. Orphaned transactional data. Example: A multitude of old purchase orders are “stuck” in history, dating back years because they cannot be [...]

March 25, 2020 user ERP

Benefits of Mobile ERP

Flexibility Perhaps some people remember the stacks of files on their desks. At that time, people sacrificed half of their working day to find the information they were looking for. In addition to the loss of time, we should not forget the archive rooms full of files. With this cloud environment that puts an end to all this and gives an incredible advantage, businesses no longer have to sacrifice time and space. If we evaluate the situation in terms of mobile ERP, we can say that the cloud provides convenience [...]

March 20, 2020 user ERP

5 Tips for ERP Training in Your Team

Your team will be undergoing an ERP software integration. With all the different moving parts involved, it can be easy to overlook the basics - optimized training. Follow these tips to ensure your team members are best poised for success. Make ERP Training A Priority Unfortunately, your business doesn’t get to stop operating just because your software is changing. That said, if you don’t put the proper controls in place to make the integration successful, then you stand the risk of undermining your decision to switch software in the first [...]

February 21, 2020 user ERP, Resource

Multiable M18 ERP

Multiable, headquartered at Hong Kong, is well known in the ERP market for over 20 years. The latest product is M18 v3.0. Multiable M18 ERP eases the pain of enterprises by doing more with fewer programmers. From adding a table in existing UI, to building your own UI with custom logic from scratch, UDF Editor can help you finish your work with minimal coding. It is fully configurable and includes real-time ERP, Big Data analytics, and a gateway to the Internet of Things. Don’t worry; your data will be well protected under the TDE database encryption. We provide ERP for [...]

February 19, 2020 user ERP, Resource

Our Business and Local Culture is Unique. Can a Atandardized ERP Cater Our Needs?

You are not alone. Every business, no matter you are in China, Singapore, Vietnam or any other countries, possesses her own uniqueness. In the old days, standardized ERP systems did have the notorious pitfall of expensive customization fee and lengthy localization process. However, it is no more a problem for M18 ERP. Hong Kong, hosting one of the largest MNC headquarters community in the world, nurtures Multiable as an ERP system vendor with global vision. M18 ERP is widely adopted in different parts of the world like Bangladesh, China, Hong Kong, Malaysia, Singapore, Taiwan etc. Powered [...]

February 13, 2020 user ERP, HCM, Resource

We Are Not a Large Enterprise, Do We Still Need ERP?

Yes, you do need ERP. In fact, many small business or midsize companies (SMB) are drowning in spreadsheets, manual processes, and bad information from disparate solutions, so obviously not only large global enterprises need ERP. In this fast-moving world, accuracy and efficiency are very important for business and an ERP system is a reliable solution. Since different companies have different requirements for ERP systems, and new demands always appear during the business expansion process, therefore in the past you may need to spend extra money to upgrade ERP software. As a result, the operating costs will inevitably increase. [...]

February 12, 2020 user ERP, Resource

Is ERP Important for Business?

Yes, absolutely, ERP is important for business. An ERP system has a database on its back so that every staff can share a single source of truth in daily operation by using enterprise resource planning applications built inside. It helps you eliminate information silos between departments. The system can automate your core business processes and accomplish a consistent management. ERP helps you ensure regulatory compliance, reduce risk, fast-track reporting …etc. Multiable ERP will be your excellent control model in fulfilling the innovation and development requirements of your business.

February 7, 2020 user ERP

What is ERP?

Enterprise Resource Planning is a software system providing solutions on all core processes which is essential to run a company, such as finance, HR, manufacturing, supply chain, services, procurement, and others. A good ERP system should contain powerful functions but easy to use. Multiable ERP, a Hong Kong brand, is professional on this category. We provide visibility, analytics, and efficiency across every operation procedure. Through the latest technologies, Multiable ERP facilitates the flow of real-time information which links different departments together, let you make data-driven decisions and manage performance in [...]

February 5, 2020 user ERP

How to Build an Effective Business Intelligence (BI）Strategy

To implement the full potential of business intelligence and take its value to the next level in your business, you need a solid understanding of where you are, what you want to achieve, and what’s possible. From generating reports and charts that depict business performance, to implementing a truly transformative solution that uses powerful advanced analytics, to predicting behaviors and outcomes, business intelligence can be a strategic weapon that significantly impacts your bottom line. An effective business intelligence strategy will have to evolve as your business grows and will need [...]

January 31, 2020 user ERP

What Time to Use a Cloud ERP System

1. Outdated Technology Updating an older system to modern requirements and new hardware needs can be an expensive and time-consuming project that only delivers short-term benefits. If the underlying software and database infrastructures have aged past support dates and the system’s growth capability is limited, it’s time for a cloud ERP system. The older an ERP system is, the higher the current maintenance and future upgrade costs will be. Moore’s Law, which predicts the systematic increase of computing power, also applies to ERP systems. 2. User Unfriendliness When IT staff [...]

January 29, 2020 user ERP

8 Methods AI Improves ERP Software

1. Prediction AI-driven solutions can process historical data from ERP software and make predictions for the future. These tools identify seasonal patterns in your business, offering suggestions on whether you should decrease or increase production. Not only does AI reduce the costs of forecasting, but it also makes forecasting much more accurate. You can significantly reduce the risk of underproduction or overproduction when you manufacture the right amount of inventory. 2. Analytics Artificial intelligence’s ability to work with massive amounts of data enables real-time, accurate data insights from ERP software. [...]

January 24, 2020 user ERP

5 Things You Must Know Before Implementing ERP Software (2)

Data Quality Control The two most common data challenges an organization faces when implementing a new ERP system is replacing legacy data and consolidating separate solutions. First, the business should decide on what type of data needs to be collected for operations and business processes. The second step is to have the business clear any inaccurate or duplicate data sets in the previous system. Make sure you have someone, whether it be a vendor or IT expert, guide you through this process and map the migration of the newly refined [...]

January 21, 2020 user ERP

5 Things You Must Know Before Implementing ERP Software (1)

If you are a first time experience one just looking for an Enterprise Resource Planning (ERP) solution, there are five challenges organizations face when implementing an ERP for the first time. Identifying these challenges can help with the planning stages, ensuring all possible issues are addressed before the ERP implementation project. Choose The Right One The 1st challenge is actually selecting the right software that is suited to your specific business needs. When it comes to choosing an ERP solution, it’s not a one-size fits all approach. Every business [...]

January 17, 2020 user ERP, POS

Difference between ERP and POS

Enterprise Resource Planning (ERP) system refers to an all-in-one business management solution complete with features for inventory management, order entry and processing, accounting, warehouse management, contact management, purchasing, sales and financials, and more... Binding individual yet dependent departments together, ERP ensures a smooth flow of informational data between them. By gathering a company’s shared transactional data from multiple departments, ERP systems prevent data duplication and offer data integrity with a single version of the truth. Selecting the right and quality ERP solution, not only simplifies business processes but also results [...]

January 10, 2020 stanley ERP, HCM

Security in Multiable M18 ERP & HCM (2)

In my previous article, I shared that for an IT administrator or finance users of an ERP system, security is often one of the areas that are overlooked and this is often very risky which will cause the organisations to dysfunction. Security protection all the way down to the database level is of paramount importance. Today, let's us look at how Multiable M18 ERP & HCM system deal with role security and even field level of security. I did mention about role or field security in my previous article when [...]