You implemented ERP software in your company five to ten years ago to improve productivity, reduce human errors, obtain real-time data, and digitalize operations. If the software is preventing your company’s growth and scalability, it may be time to upgrade the system.
In an age where technology is constantly changing, businesses must adapt to these changes to remain competitive and viable in the market. We thought we would share some key indicators with you to help determine whether your current software is outdated.
WHEN SHOULD YOU UPGRADE THE ERP SYSTEM OF YOUR COMPANY?
1. Your software may be outdated or lack standard features
Several companies still use the ERP software that they purchased over ten years ago. ERP software today includes many features and functions that weren’t considered essential back then. The latest elements are necessary for a company to digitalize its operations. Without them, they may have to spend more time on tasks such as manually entering data, printing copies of records, or doing other work.
2. Support is no longer provided
The software in your company that was purchased over ten years ago is likely to be outdated. You may find that your current software vendor will no longer support the older versions and require you to upgrade. Synergix Technologies is a good choice as they are the main developers of their software. We also release new updates every month because we believe that continuous innovation will improve the usability of the software for all of our customers.
3. When software cannot handle various business functions
We found several companies that have grown their business in the last few years. The companies have now created several entities, each with a different set of business functions. For example, Entity A is involved in manufacturing and production, and Entity B in wholesale and distribution. Software that is suited for wholesale and distribution may not be able to handle machines and production processes. It is now time to switch over to a multi-functional software such as Synergix ERP. Our software caters to several industries, including Construction, Manufacturing, Wholesale and Distribution, Architecture, Field Service, Marine Engineering, Waste Management, Cleaning, Retail, Food and Beverage, Rental, and Laundry. All modules, including Finance and Human Resources, are integrated.
4. Cloud software is not always available
Cloud solutions are more popular than ever, especially in the past year. This is due to the benefits of moving your ERP software to the cloud. In the last year, we saw a rise in demand for cloud-based solutions. This is due to the advantages of moving your ERP to the cloud.
In recent years, Singapore has introduced new grants and initiatives that help SMEs transform their business to be more competitive. Here are some gifts and bonuses that our clients have taken advantage of:
- Productivity Solution Grant
- Enterprise Development Grant
- Registration Grant for E-Invoicing
- Bonus for Digital Resilience
- Skillsfuture Enterprise Credit
Synergix Technologies, as a Productivity Solutions Grants (PSG) approved vendor, has had our solutions pre-approved for funding by government agencies such as the IMDA. Eligible companies can receive up to 80% of their ERP software purchase. In addition, companies in the Retail Sector can receive up to SGD10,000 by adopting ERP software. This includes Accounting Management, Inventory Management, and Human Resource Management. This is the perfect time to go digital.
BENEFITS OF OUR SOFTWARE
1. 100% Customizable
We are able to customize Synergix’s ERP software as we are the main developers.
2. Cloud or on-premise?
Synergix ERP is a web-based software that can be hosted either on-premise or in the cloud, depending on your preferences. Hosting the software in the cloud allows users to access it from anywhere and at any time, which is great for telecommuting.
3. Conforms to IRAS & MOM regulations
Synergix ERP conforms to local accounting regulations and payroll regulations, which allows users to save time by avoiding manual configuration errors.
4. Multilingual & Multicurrency
Synergix ERP can be used in a variety of languages, including English, Mandarin Chinese, Vietnamese, Thai, and Bahasa Indonesia. Multicurrency support is also available.
5. PSG pre-approved vendor
Synergix ERP has been pre-approved by several government agencies. As previously mentioned, companies can apply for grants when purchasing our software.
Contact us if you plan to upgrade your ERP system. Our team of consultants will be happy to assist you. Contact us now!