Compliant With Over Seas Regulations
With complex legal and statutory requirements, most western ERP solutions do not work in China. Having its development rooted in China, Kingdee K/3 transcends these issues. On top of that, Kingdee K/3 ERP solution is already compliant with SG, Malaysia, China and Hong Kong localizations. So, enterprises planning to spread to these regions will be able to integrate their operations in one unified ERP system.
The Language and International Currencies Factor
Singapore is a multi-lingual, multi-racial society and has many small, medium and large businesses either already spreading their wings overseas or are preparing to do so. It is imperative to have an ERP solution that caters to cross-border languages and government regulations.
Employees in different geographies can communicate better through the multi lingual user interface of the K/3 and accounting departments can calculate taxation and carry out accounting through the multi currency facility of the K/3 ERP solution.
Why Use an ERP System?
Enterprises not using an ERP system will have to carry out accounting and generate business reports manually. This is even more tedious when their branches are located in different international locations. This makes it near impossible to efficiently generate and consolidate financial reports from different countries.
Enterprises not using an ERP system cannot integrate with different businesses and so it takes time to get to know if a trading company has issued a purchase order from a manufacturer or if the manufacturer has filled an order or not. The K/3 software generates real-time reports on inventories, supplies, invoices generated, payments effected etc., because all the partners can update their accounts at their own locations. These updates are available for the partners/managers to view in real time.