Country: Singapore

The global trade business remains one of the most lucrative ventures that one can pursue. In the export business, however, documentation is one of the most important but a tricky process. People often wonder what can go wrong with Export documentation. The answer is, unfortunately, a lot of things! Few common but recurring errors can wreak havoc to your Export Documentation that can at times have huge financial implications.

Every month the stress of payroll process builds upon the payroll admin or the HR department. There are many intrinsic functions such as calculating employee attendance and leaves, employee taxes and creating pay structure according to the designations. It is true that payroll is a complex yet unavoidable matter for any company. Late salary payment due to unfinished payroll procedure or an error in the numbers can genuinely hinder the trust between the company and its employees. It can also create an unnecessary workload for the HR managers resulting in work till wee hours. Knowing the payroll procedures, tax regulations and administrative requirements are crucial for a smooth payroll process.

Its known to all that ERP is a set of applications that integrates business processes for enterprises. It collects, stores and evaluates data from various business activities. In the presence of ERP business functions become smooth, whereas, absence of ERP often leads to slower productivity and loss of revenue. The retail industry just like any other industry has to look after multiple activities for smooth sailing. Lack of suitable tools often brings unwarned obligations which make the employees work harder to meet the goals. Till today many modern retailers have one foot in modern trade format and another foot is still in traditional retail practices. Retailers work on tight margins, face increased competition from other modern trades and e-commerce sites and manage store employees. ERP can shed light on these aspects of the retail industry and help create scalability. Even though the information regarding ERP is widely available, many traditional retailers still quiver to take a step towards ERP integration.