Stay compliant without separating compliance from your business.
FACT ERP.NG brings tax and statutory compliance into the same ERP that manages your financials, sales, purchasing, inventory, and reporting.
From local tax requirements to e-invoicing and statutory reporting, FACT helps businesses manage compliance as part of their everyday financial workflow.
When compliance sits outside your ERP, businesses can end up maintaining separate spreadsheets, portals, and processes simply to meet statutory requirements.
FACT ERP.NG was built differently.
Keep compliance connected to the transaction from the beginning.
Built by accountants
FACT ERP.NG was built by accountants who understand that an ERP isn't only responsible for recording transactions.
It also needs to help businesses maintain the controls, records, and financial information required to operate responsibly.
That's why compliance and transparency are built into the foundation of FACT ERP.NG — not treated as optional layers added later.
Local compliance. One ERP.
Different countries. Different requirements.
Tax and statutory requirements vary significantly between markets.
FACT combines a global ERP foundation with country-specific compliance capabilities, helping businesses operate across markets while addressing local requirements.
Singapore
Manage Singapore-specific requirements through FACT ERP.NG, including GST-related processes and electronic invoicing through InvoiceNow and GST InvoiceNow. FACT ERP.NG has been listed in Singapore's IRAS Accounting Software Register Plus (ASR+) Tier 2 and as an IMDA InvoiceNow-Ready solution.
FACT ERP.NG has inbuilt functionality for key Indian tax and statutory requirements, helping businesses automate calculations, reconciliation, reporting and follow-up.
Support Nepal-specific tax and statutory requirements, including applicable Electronic Billing / e-Billing processes, within the FACT ERP.NG environment.
FACT ERP.NG helps businesses manage financial processes as the Philippines expands Electronic Invoicing and Electronic Sales Reporting requirements under the Bureau of Internal Revenue.
E-Invoicing built into the workflow
Electronic invoicing is becoming an increasingly important part of tax compliance around the world.
But each country approaches it differently.
FACT ERP.NG helps bring these requirements into the system where your invoices and financial transactions already originate.
Businesses also need controls over who can create, change, approve, and access financial information.
Good compliance starts with good controls.
Maker-Checker Controls
Introduce separation between the person creating a transaction and the person reviewing or approving it.
User-Level Access
Control access based on the responsibilities of different users.
Audit Trails
Maintain visibility over activity and changes within the system.
Drill-Down Transparency
Move from financial information toward the transaction, voucher, user, and supporting document behind it.
An audit trail you can follow
When someone asks where a number came from, you should be able to answer.
FACT ERP.NG is designed around traceability.
Instead of treating compliance as a report generated at the end of a process, FACT helps maintain transparency throughout the financial workflow.
Financial Statement
→
Transaction
→
Voucher
→
User
→
Supporting Document
Never miss an important due date
Tax filings and statutory obligations often come with strict deadlines.
FACT's Compliance Monitor Guru helps businesses manage important due dates, reminders, and escalations so compliance tasks don't disappear into calendars and spreadsheets.
Compliance often depends on more than the transaction recorded in your ERP.
Supporting documents matter too.
FACT Document Vault helps securely store, organize, and access business documents within the FACT ERP.NG ecosystem — keeping supporting information closer to the financial activity behind it.
Running companies across several countries creates another layer of complexity.
Different currencies. Different tax systems. Different invoicing requirements. Different statutory obligations.
FACT ERP.NG combines multi-company and multi-currency capabilities with country-specific compliance functionality, helping international SMEs operate through one connected ERP foundation.
FACT supports businesses through local teams in Singapore, India, Malaysia, Nepal, and the Philippines, bringing local market knowledge closer to the ERP businesses rely on.
As statutory requirements evolve, FACT continues developing its software to address the changing needs of businesses in the markets it serves.
FAQ
Frequently Asked Questions
What is tax and statutory compliance in ERP software?
Tax and statutory compliance in an ERP refers to the functionality and controls that help businesses manage applicable tax calculations, invoicing requirements, statutory reporting, financial records, and other regulatory obligations within their business system.
How does FACT ERP.NG help with compliance?
FACT ERP.NG brings tax and statutory processes into the same environment as accounting and business operations, alongside controls such as user-level access, maker-checker processes, audit trails, drill-down transparency, document management, and country-specific functionality.
Does FACT ERP.NG support different countries?
FACT ERP.NG provides country-specific capabilities across markets including Singapore, Malaysia, India, Nepal, and the Philippines.
Does FACT ERP.NG support e-invoicing?
Yes. FACT ERP.NG supports electronic invoicing requirements across supported markets, including InvoiceNow in Singapore, MyInvois in Malaysia, GST e-Invoicing in India, and other country-specific electronic invoicing frameworks.
What are maker-checker controls?
Maker-checker is a control where one user creates or enters a transaction and another user reviews or approves it. This separation can help strengthen financial governance and reduce unauthorized or incorrect transactions.
What is an ERP audit trail?
An ERP audit trail records activity within the system so businesses can understand actions and changes associated with financial information and transactions.
Can FACT help manage compliance deadlines?
FACT's Compliance Monitor Guru is designed to help businesses manage due dates, reminders, and escalations for important compliance obligations.
Does using FACT ERP.NG automatically make my business compliant?
No ERP can guarantee compliance simply by being installed. FACT ERP.NG provides functionality and controls designed to support businesses in meeting applicable requirements, but each organization remains responsible for understanding and fulfilling its specific legal, tax, and regulatory obligations.