An ERP rollout in Singapore is not as demanding as in some other Asian countries. With an experienced partner and their sound advice, the respective project will go smoothly.
Let me tell you the good news first: An ERP rollout in Singapore is not as demanding as is the case for some other Asian countries. With some experience, the required adjustments are quite easy to handle – whether you rely on a Microsoft Dynamics 365 for Finance and Operations or a SAP ERP solution. Thus, you can execute an ERP rollout in Singapore within a quite manageable project and at a reasonable cost, assuming you do not have any extraordinary requirements for your rollout. Most topics that need to be considered belong to the finance area and are pretty straightforward.
These topics include:
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 in, there are 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 in the calculation of employer and employee contribution for social security, on top of their salary, is applicable to Singaporeans and Singapore permanent residents.
Some examples are:
Whether you are solely planning a rollout in Singapore or whether this country is on the list among many others in a large rollout project, Sycor has the experience and local presence to guide you.
Get in touch! We'd be happy to help.