What is an ERP?

ERP stands for “enterprise resource planning.” The definition of enterprise resource planning is, essentially, an integrated software solution used to manage a company’s resources. Business planning systems have been evolving for decades, and ERP, enterprise resource planning, is the current generation.

Working hand in hand with MRP(material requirements) and MRP II(manufacturing resources planning) software, today’s ERP system not only able to integrate all business management functions, they focus in many more areas including planning, inventory/materials management, engineering, order processing, manufacturing, purchasing, accounting and finance, human resources etc.

To ERP, or not to ERP?

For many finance managers at small-to-medium-sized companies in Asia, that is most definitely the question.

Do I need one? The answer lay within do you need to re-engineering your company? Are you seeking a business solution that both boost revenues and take costs out of operations? Not surprisingly, this is leading to a heightened interest in modular products that help streamline supply-chains, improve financial and human resource systems, speed front-office functions, and better utilize existing hardware. In short, an ERP-type product is what you are looking for. Then talk to us in detail on what benefit you the most and what gain do you seek. We find the solution for you!

Different between ERP and Accounting software

A common misconception that ERP is similar to a accounting software, which you already have. What is the different? Traditional Accounting systems are often accounting-driven, resulting in an information gap, which is filled by derived information or expensive and ineffective bridges. ERP provides multiple views of a businesses’ information based on the detail of the actual transactions. This structure allows maximum flexibility and easy integration of supplemental external information. And since information is simply presented as views, they can be changed quickly to meet the needs of the business. ERP are design to change with you, when you business change, accounting software does not. You don’t change how the accounting system work, but you can ask ERP to change according to your work flow, order pattern, delivery schedule and integrate to CRM (Customer Relationship Management) to keep your customer happy.

iDealERP is the ERP solution proudly presented by iDealTech Solutions. Focused on Agri-food industry, it handles operation processes in respect of farm, slaughtering, wholesales as well as food manufacturing with skill and ease. Simplicity yet powerful, iDealERP is the ideal choice of ERP solution, able to help its clients achieve competitive advantages through accurate and real time respond to customers' requests, improved delivery performance, consistent operation management and control. All our iDealERP software packages are eligible to full government support from LETAS (Local Enterprise Technical Assistance Scheme) and Skill Development Fund.

More information on iDealERP? Click on!

Available Government Support Scheme

You do not need to worry about getting funding for implementing and training for your system upgrading. We will provide all necessary access to get your grant that you needs.

CDG (Capability Development Grant)

The Capability Development Grant (CDG) is a financial assistance programme aimed at helping Small and Medium Enterprises (SMEs) defray up to 70% of qualifying project costs*, relating to consultancy, manpower, training, certification, upgrading productivity and developing business capabilities for process improvement, product development and market access. 

The grant supports a wide range of capability upgrading initiatives that enable SMEs to successfully compete and grow their businesses locally and globally. There are 10 supportable areas tailored to meet an SME’s current needs and stages of development. They range from raising service standards, adopting technology innovation, grooming business leaders to growing a global brand.

More information please click here to go to SPRING web site.

PIC (Productivity and Innovation Credit)

Businesses can enjoy 400% tax deductions/allowances on up to $400,000 of their expenditure per year in each of the six qualifying activities, instead of the 100% deductions/allowances under the existing tax rules.

More information please click here to go to PIC web site.

ICV (Innovation and Capability Voucher)

The Innovation & Capability Voucher (ICV) is a simple to apply, easy-to-use voucher valued at $5,000, to encourage SMEs to take their first step towards capability development. SMEs can use the voucher to upgrade and strengthen their core business operations through consultancy in the areas of innovation, productivity, human resources and financial management. Apart from consultancy, ICV also supports SMEs in the adoption and implementation of simple solutions to improve business efficiency and productivity. SMEs can use the ICV to implement productivity solutions under the supportable cost categories of (i) equipment & hardware, (ii) technical solutions & training, (iii) design & renovation. Each SME is entitled to a maximum of eight vouchers. Each ICV project must be completed before the submission of a new application. The duration for each project should not exceed six months.

More information please click here to go to ICV web site.

Others – Bank and finance Institute

You can choose to use your own bank for the funding, we will provide full supporting documentation and quotation for your application.

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