Human capital management (HCM) is a critical aspect of any organization, particularly those that operate on a large scale, such as Google, Microsoft, Amazon, etc. HCM involves managing
Tag: HCM
Japan was recently jolted by an earthquake with a preliminary magnitude of 5.2. Sometimes a series of small quakes occurs before the main shock. This is called foreshock. Foreshock is a …
Football is one of the most popular sports in the world. This is because it is a game that anyone can play and enjoy. You don’t need to be an athlete to play football. It can be played by young
All aspects of information must be monitored in order to prepare for unexpected events, like earthquakes. Sometimes an earthquake has smaller tremors that occur before the main quake…..
Artificial intelligence, blockchain and the internet of things are three technological innovations that could improve people’s lives. The information age has made vast amounts of information ….
The most popular sports in the world are soccer, football, basketball and cricket. These are all very different games, but they all have one thing in common: They’re fun to watch. In recent ….
Effective HR System?
Keung To is a Hong Kong singer and actor, as well as the lead vocalist of MIRROR—Hong Kong’s most popular boy band. In 2018, Keung starred in a reality TV talent contest produced by ….
Golden Sixty left a lasting legacy in Hong Kong horse racing. The Golden Sixty was a horse that won races and broke records, but the most important thing he did was to show everyone in Hong ….
As the workforce continues to shrink, enterprise in Hong Kong/ Singapore face a challenge: how to manage their human resources. For example, mass layoffs a ….
Discounts supported by the continued volume of purchases also referred to as rebates, are often seen by companies as a further source of profit. However, businesses that want to successfully maximize their rebates need a reliable management strategy to make sure success. There’s little question about the very fact that a strong rebate program offers great incentives to suppliers, ultimately helping build up your customer base. Unfortunately, the most downside of this approach is that the intensive manual labour involved in tracking your rebates. Here are some best practice tips [...]
If you are, you're not alone. you would like to believe in transforming your business to the modern age. Of course! Cloud computing can cut costs and boost efficiency, but that’s not all. It’s changing business as we all know it. Learn why it’s time to reframe your thoughts on the modern cloud. It is taking your servers and your IT Infrastructure to the 20th century. it's taking your accounting software from within the office to within the cloud. We all realize the cloud, we all know we'd like to [...]
Online-to-offline commerce is a business strategy that is a customer journey that has both online and offline phases. Online-to-offline commerce (O2O), identifies customers in the online space, such as through emails and internet advertising, and then uses a variety of tools and approaches to entice the customers to leave the online space. An example of such a journey would be a buyer searching for a product online, visiting a warehouse or showroom to view the product and then buying it on location or ordering the product online. Chances are you [...]
Everyone knows why web stores love mobile: phone and tablet-toting customers can swipe, browse, buy, and bookmark more for later, all while standing in line for the bus. Here are three urgent reasons your B2B web store needs to go mobile… now. Orders Aren’t Everything Let’s start with the myth that mobile’s main strength is the B2C impulse buy. Even if your B2B clients aren’t placing orders from their phones, they still use mobile in their personal lives just like everyone else. They open and answer emails, browse ads, and [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
All kinds of business that prefer to develop people in a way that is aligned with the objectives of the business will definitely need a reliable HR System. Those HR System modules can help managers handle workforce management processes across functional areas and get rid of troubles such as government regulations. Multiable HR System (M18 HCM) provides built-in Hong Kong, Macau and PRC labor laws compliance and there is a flexible interface for users to develop tailored labor law compliance if needed. We provide HR System for SME and enterprise. Click to know [...]
HR System is important because human resources management is never an easy job. It is complicated. From hiring, maintenance of employee data to intranet portals, as well as employee self-service and manager self-service, you really need an HR System to conduct the management. A company needs to know on a cost level how many employees they have and the related costing, along with turnover rates and analytics to help them make decisions and understand the essential talent that makes the organization successful.
HR System is designed for human capital management which is the comprehensive set of practices for recruiting, managing, developing and optimizing the human resources of an organization. HR systems are sold either as components of enterprise resource planning (ERP) systems or as separate products that are typically integrated with ERP. In these few years, on-premises HR System has been superseded by software as a service (SaaS) as the preferred deployment option. The functions of HR System are generally organized as the core employee record, which details personnel actions, benefits administration and payroll, position management and compliance with [...]
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 [...]
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 [...]
These days IT security is of paramount and has been a hot topic. You will often heard that ABC company has been hacked and their customers' data have been leaked online. This is very damaging to the company's reputation and will be sued under the GDPR or PDPA regulations by the relevant authorities. Multiable M18 ERP & HCM Systems is cloud-native backend ERP systems that runs on cloud environment. Being an cloud application, naturally, it has been protected by the cloud service provider infrastructure and our customers are not to [...]
As an ERP users probably in the warehouse, your task are to ensure that goods that needed to be shipped or going to be shipped are closely monitored especially to VVIP customers. Instead of running a static report every now and then, you will need to have a real-time information of the status and probably to update the status manually in a graphically way with ease. At this stage, you should be able to tell me that in Multiable ERP & HCM Systems, you are can easily achieve that by using [...]
I had briefly introduce what Kanban is in our Multiable M18 ERP & HCM Systems. As an ERP system's users, if once of your weekly or monthly task is to update a bunch of data in the system, how do you do it? If it is just one or two fields that you need to update, I believe most users will export the data into excel, amend the data and then upload it back to the system. Yes, it might sounds easy but usually when you export, you are exporting [...]
For many manufacturing users of ERP system, Kanban is probably a familiar name or term that you often heard of for lean manufacturing or Just-In-Time (JIT) manufacturing. In fact, this scheduling system used in manufacturing was invested by a Toyota engineer in the 1940s. Kanban in fact is the name of the Toyota Nameplate System. So what is Kanban in Multiable M18 ERP & HCM System? It is not related to the Kanban manufacturing but the idea is similar to the "Nameplate". It is a our graphical presentation of how [...]