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Annual Wage Supplement (AWS) Singapore: Calculation Guide
Business Insight

Annual Wage Supplement (AWS) Singapore: Calculation Guide

The Annual Wage Supplement (AWS) is a one-time payment to employees as part of their wages once a year (also referred to as the 13th month salary). Usually consolidated at the close of the year and is a sum of money paid to give an additional monetary benefit, as agreed between the employer and employee. […]

ERP Software Demo Guide: Complete Steps and Examples
ERP

ERP Software Demo Guide: Complete Steps and Examples

According to a statement we got from Financial Management Magazine, an ERP system implementation will usually cost the company around 2% of gross sales for the planning stage through six months after implementation. For larger firms, this can sometimes last more than one year, making ERP system selection and partner selection critical. Running an ERP […]

What is Enterprise Management and Its Features
ERP

What is Enterprise Management and Its Features

These days, most businesses around the globe suffer from inefficiencies, misaligned priorities, and difficulty in adapting to market trends. Therefore, when this comes into play, enterprise management comes as an established solution to harmonize resources, processes, and business strategies. With the need to get better at management in mind, many businesses are increasingly their ICT […]

Input VAT vs. Output VAT: Differences and How They Work
Business Insight

Input VAT vs. Output VAT: Differences and How They Work

Value Added Tax (VAT) is a tax that a business pays on goods and services acquired for business use and charges on taxable sales to customers, known as input VAT and output VAT. These are referred to as input GST and output GST, which are required to be used by a GST-registered business to calculate […]

What is PDPA (Personal Data Protection Act)? Complete Guide
Business Insight

What is PDPA (Personal Data Protection Act)? Complete Guide

The Personal Data Protection Act (PDPA) is the main legislation in Singapore that governs the collection, use, disclosure, and care of personal data. This legislation helps businesses manage employee data effectively and underscores the importance of trust, regulation, and accountability. Employers tend to have large employee data sets spread across multiple HR systems, payroll platforms, […]

The Main Benefits and Risks of ERP System
ERP

The Main Benefits and Risks of ERP System

Enterprise Resource Planning systems are what power business today by bringing the integration of workflows and data into one common platform. The systems have much to offer, with benefits such as visibility and overall efficiency. By taking into account the figures we discovered from TechsiResearch, the ERP market in Singapore is expected to reach $910.77 […]

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