An ERP rollout to Singapore is not as demanding as to some other Asian countries. With an experienced partner and his sound advice, the respective project will be smooth to handle.
Let me tell you the good news first: An ERP rollout to Singapore is not as demanding as it might be the case for some other Asian countries. In addition to that, with some experience the required adjustments are quite good to handle – no matter whether you rely on a Microsoft Dynamics 365 for Finance and Operations or a SAP ERP solution. Thus, you can execute an ERP rollout to Singapore within a quite manageable project and at reasonable cost, assuming you do not have any extraordinary requirements for your rollout. The most topics that need to be considered belong to the finance area and are pretty much straightforward.
These topics are:
However, some things are a bit more “Singapore specific”:
In Singapore companies are asked to submit a goods and services tax return to the tax authorities. This needs to be done each quarter. The GST form (GST F5 form) is predefined and has to be customized in the system. It needs to display the name and address of the company as well as the GST registration number. The Goods and Services Tax computation covers the most important laws and business practices specific to Singapore.
As in any other country you want to rollout your ERP system to, there is a number of reports that need to be adjusted. These are some of the reports that might be affected:
The calculation of the Singapore public & private payroll with CPF (central provident fund) rates calculation which is for social security in the calculation of employer and employee contribution on top of their salary is applicable to Singaporean and Singapore permanent resident.
Some examples are:
I saved the best news for last: In my opinion, there is no bad news concerning ERP rollouts to Singapore, at all. Whether you are solely planning a rollout to Singapore or whether this country is on the list among many others in a large rollout project, Sycor is your partner of choice. I am sure you should tackle your ERP rollout to Singapore right away -- and together with us. We will make it a straightforward project, providing your team with a feeling of success.