Enterprise resource planning (ERP) software is a comprehensive tool that streamlines your company’s operations, automating and coordinating activities across finance, HR, production, logistics, service delivery, and purchasing. In Singapore’s dynamic market, where efficiency is key, the right ERP solution can make all the difference.
According to data from Statista, there is a growing demand for ERP systems, highlighting their importance across Singapore’s diverse business sectors, from construction to trading. With numerous options available, identifying the best ERP software vendors in Singapore for 2024 is crucial to maintaining a competitive edge.
Our guide cuts through the clutter to present you with a list of leading ERP providers, chosen for their balance of quality, customer satisfaction, and price worthiness. Ready to boost your business? Let’s find the ERP system that’s right for you.
Key Takeaways
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Table of Content:
Table of Content
Benefits of ERP Software
A high-quality ERP software provides numerous advantages. Implementing the right ERP solution can have a profound impact on a company’s overall performance and competitiveness. Here are six key advantages that businesses can expect to gain from well-implemented ERP software:
- Higher productivity: Simplify and automate your key business processes to help your team achieve more with less effort.
- Deeper insights: Break down information barriers, have a single source of truth, and get quick answers to critical business questions.
- Accelerated reporting: Speed up business and financial reporting and easily share results. Act on insights and enhance performance in real time.
- Lower risk: Increase business visibility and control, ensure compliance with regulations, and anticipate and prevent risks.
- Consistent infrastructure: Have a unified look and feel across all business activities, from the back office to the front office.
- Improved agility: With efficient operations and immediate access to real-time data, you can swiftly identify and respond to new opportunities.
20 Best ERP Software in Singapore
ERP or Enterprise Resource Planning is a type of software that organizations use to manage and integrate various aspects of their business processes. ERP systems are designed to streamline and centralize data and processes across different departments, providing a comprehensive view of the entire organization.
Common modules within ERP software include finance and accounting, human resources, supply chain management, manufacturing, customer relationship management (CRM), and more. Implementing an ERP system can help organizations improve efficiency, reduce costs, and enhance overall business performance.
And now, here is a summary of the best Enterprise Resource Planning (ERP) software development services in Singapore, including examples of ERP software. We will delve into various essential aspects, explaining in detail as a point of consideration and comparison among providers.
This includes pricing, the value that businesses can gain, ease of use, and the completeness of systems and features. Additionally, we’ll cover the range of industries these ERP software examples apply to in Singapore.
1. HashMicro: The Best ERP Software in Singapore
Deskera ERP system, recognized as one of the best ERP systems, stands as an Enterprise Resource Planning solution designed to consolidate all facets of business operations into one seamless platform. This ERP software covers essential features including finance and accounting management, asset tracking, project oversight, inventory control, and HR management. These functionalities of the ERP system aim to enhance efficiency and overall business productivity.
Pros |
Cons |
✓ Integrated platform for business management ✓ Features cover key operational aspects ✓ Mobility and accessibility for remote operations |
× Specific customization options may be limited × Additional modules or advanced features might require separate purchase |
11. SAP S/4 HANA
Pros |
Cons |
✓ Real-time data transfer ✓ Integration capabilities with other business applications ✓ Caters to various business aspects |
× Additional expenses for licensing, subscription, and application support can escalate the total implementation cost significantly |
12. WorkWise ERP
WorkWise ERP presents a cloud-based solution catered to improve the operational processes of manufacturing firms, ensuring heightened effectiveness and efficiency in their operations. Its adaptability extends to various manufacturing methods, including make-to-order (MTO), engineer-to-order (ETO), configure-to-order (CTO), and mixed-mode.
This ERP software vendor also empowers manufacturing companies by leveraging data analysis to facilitate informed decision-making. It aims to streamline production cycles, optimize supply chain management, and enhance planning, implementation, and communication within the organization. WorkWise ERP is accessible not only via PC but also through iOS and Android-based mobile devices.
Pros |
Cons |
✓ Facilitates informed decision-making through data analysis ✓ Streamlines production cycles and enhances supply chain management ✓ Accessibility via both PC and mobile devices for enhanced convenience |
× Relies on a stable internet connection due to its cloud-based nature × Users might need time to adapt to diverse methods of the system × Functionality on mobile devices might be constrained compared to PC |
13. ECOUNT ERP
Ecount ERP is an accounting application suitable for small to medium-sized businesses. It offers functions for managing purchases, monitoring budgets, and handling payroll calculations, ensuring efficiency and effectiveness in accounting tasks.
However, its limitation to accounting tasks might restrict companies from requiring broader ERP functionalities. Nonetheless, its integration capabilities and support for business decision-making make it a valuable tool for managing financial data and processes.
Pros |
Cons |
✓ Suited for small to medium-sized businesses with accounting needs ✓ Offers integration with various business applications ✓ Facilitates business decision-making |
× Limited functionality and lacks coverage for broader ERP modules beyond accounting |
14. Compiere ERP Software
Compiere is a modern, efficient, and cost-effective Enterprise Resource Planning (ERP) software. It has various management features such as product management, order management, material management, inventory management, finance management, and Customer Relationship Management (CRM). Compiere makes it easy for users to perform their tasks with business displays and reports.
Compiere is complemented by other attributes like cloud hosting and adaptable customization. However, customization complexity and the learning curve for advanced functionalities might pose challenges during implementation.
Pros |
Cons |
✓ Covers essential business functions ✓ User-friendly interface ✓ Cloud hosting and customization options are available ✓ Adaptability for multi-currency, multi-company, and multi-language needs |
× Potential complexity in customization for specific requirements × Learning curve for optimal utilization of advanced features |
15. Workday
Workday is a cloud-based ERP software vendor that helps medium to large-scale companies manage their assets, resource planning, financing, and human resource management. It released its first product, Workday Human Capital Management, in 2006, which was a human resource management system. Over time, it expanded its offerings to include additional modules like business intelligence, planning, professional service automation, and project management.
Overall, Workday’s best ERP software provides integrated solutions for various business needs and helps companies manage their operations effectively and efficiently. Although, its multifaceted nature might necessitate significant training, and the comprehensive implementation may involve substantial costs.
Pros |
Cons |
✓ Caters to diverse business needs ✓ Facilitates data-driven decision-making ✓ Streamlines administrative, planning, and HR tasks |
× May require extensive training due to multiple modules × Cost implications for comprehensive implementation |
16. ERPNext
ERPNext is one of the best ERP software development services that originate from India. caters to service companies, manufacturers, and distributors. Its diverse array of modules encompasses accounting, CRM, sales, purchasing, website & e-commerce, manufacturing, warehouse, project management, and inventory.
Overall, ERPNext stands as a robust ERP solution with a wide range of modules, ensuring comprehensive business management. However, its open-source nature demands technical proficiency for effective implementation and may require assistance from IT specialists.
Pros |
Cons |
✓ Covers key business aspects ✓ Open-source nature offers flexibility and customization ✓ Effective expense monitoring for resource utilization |
× Requires technical expertise for proper implementation × Time-consuming to set up without proper IT consultation × Initial technical knowledge may be necessary for successful use |
17. SAP EWM ERP Software
Overall, SAP EWM stands out for its warehouse management capabilities and integration within the SAP ecosystem. However, its complexity might pose challenges during implementation, requiring expertise for full utilization.
Pros |
Cons |
✓ Robust tools for warehouse management ✓ Seamless integration with SAP SCM suite ✓ Enables efficient logistics management and performance monitoring |
× Complex implementation and learning curve × Dependency on integration with other SAP systems for full functionality |
Also read: 5 Main Benefits of ERP Software for Professional Services
18. Odoo ERP System
Odoo is an integrated ERP software development service for comprehensive business management, covering various modules like CRM, project management, sales, manufacturing, warehouse, and financial management. Through regular updates, Odoo ensures seamless communication and information exchange among employees, enhancing operational efficiency.
Odoo, one of the notable ERP software companies, offers a robust suite of modules through its ERP System for streamlined business operations. However, configuring and customizing the system might pose complexities, potentially requiring training for optimal utilization. Nevertheless, its comprehensive features and reporting system make it an effective choice for businesses aiming to enhance operational efficiency.
Pros |
Cons |
✓ Integrated modules for business management ✓ Regular system updates ✓ Customizable with integration capabilities with existing tools ✓ User-friendly reporting system |
× Potential complexity in configuring and customizing modules × May require training for full utilization of all features |
19. SystemEver
Pros |
Cons |
✓ Designed for diverse business aspects ✓ User-friendly interface ✓ Accessible via multiple devices |
× Dependency on internet connectivity for real-time access × Potential learning curve for advanced features |
20. Media Labs
Media Labs presents a highly adaptable ERP system that prioritizes customization, allowing seamless integration of open-source systems via API. Their attribute lies in dedicated customer service, actively engaging clients through consultations to ensure tailored solutions.
However, detailed customization might demand technical proficiency, and system integration complexities may necessitate a learning curve.
Pros |
Cons |
✓ Customization ✓ Open-source integration ✓ Dedicated customer service ✓ EDG-certified consultants |
× Detailed customization may require technical expertise × System integration complexity could pose a learning curve |
Choose the Best ERP for Your Company’s Needs
Selecting the right ERP system is crucial for your business. Many top ERP providers in Singapore offer robust features suitable for businesses of all sizes, from SMEs to large enterprises. These systems effectively address challenges across various industries.
Given rapid technological advancements and increasing competition, finding the right ERP can be tough. We recommend Hash Core ERP for its comprehensive modules and reasonable pricing. Additionally, Hashmicro’s ERP solution is supported by the Productivity Solutions Grant (PSG), offering eligible businesses up to a 50% subsidy.
Experience the benefits firsthand by requesting a free demo with our experts. Equip your business with the best ERP system today.
Frequently Asked Questions
What is ERP software?
ERP (Enterprise Resource Planning) software in Singapore is a comprehensive solution that helps organizations efficiently manage their day-to-day business activities, including accounting, finance, procurement, project management, and supply chain operations. These integrated platforms serve as a central hub, ensuring data integrity and transparency across various departments. Overall, Enterprise Resource Planning Singapore systems are essential tools for businesses of all sizes and industries as they provide customized support for specific industry needs.What is the best ERP software in Singapore?
Some of the leading Enterprise Resource Planning software in Singapore include HashMicro, Oracle NetSuite, SAP Business One, and Microsoft Dynamics 365. Each of these ERP solutions offered a range of features, scalability, and industry-specific modules, making them suitable for various business sizes and sectors.What does ERP software do?
ERP software brings together diverse functions such as finance, human resources, inventory management, supply chain, customer relationship management, and more into a centralized platform. This software facilitates efficient data management, real-time reporting, and better decision-making by providing a holistic view of the entire enterprise. By eliminating data silos and promoting collaboration, ERP software optimizes productivity and resource allocation, ultimately enhancing business performance and competitiveness. Its ability to handle complex workflows and standardize operations makes it an indispensable tool for modern businesses seeking to achieve operational excellence and sustainable growth.