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Technology Consulting Service

ERP Accounting Software

Simplified and User-friendly Cloud ERP Accounting Software for SMEs in Singapore 

Having a simple yet robust and scalable Cloud ERP accounting software for Enterprises (SMEs) in Singapore involves understanding the specific finance and accounting needs and regulatory requirements of businesses in the region such as the Inland Revenue Authority of Singapore (IRAS).
 
A good Enterprise Resource Planning (ERP) system should allow you to track daily transactions in real-time, easily send E-invoices via InvoiceNow anytime so you can get paid on time by your clients; and have a management dashboard to allow for quick profit analysis and informed decision making.
  
Equally important in today's challenging digital landscape is to have proper security measures in place to ensure your critical ERP data is protected and safe from data breaches. In Singapore, you will also need to be PDPA compliant.  
 
 

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Find out our ERP best practices and solution recommendation with our short 5-question ERP Digitalisation Quiz.

ERP Digitalisation Quiz

  • Need help determining the right ERP solution?
  • Need advise on how to digitalise your finance and accounting function?
  • Looking to move to cloud ERP?

Learn more about our ERP Accounting Software Must Haves

 
 

IRAS Compliant

IRAS compliant ERP accounting software to help businesses comply with the GST regulations in Singapore with accounting features to support easy GST filing and reporting. Your ERP should have built-in or integrated tools that suppprts sales tax, VAT, and global tax regulations.
 
 

Secure Management of Payments and Collections between your ERP and the Bank

Automating secure invoicing and billings for fraud control involves streamlined ERP workflows with robust internal controls and governance best practices to ensure daily AP and AR transactions are accurately prepared, properly reviewed and approved to minimise financial fraud. This also provides real-time cash position visibility.  Learn how BankLinkTM our finance control tool can streamline and automate bank feeds and the management of digital payments and collection for greater efficiencies and security. 
 
 

General Ledger with Multi-Dimensional Reporting

A flexible General Ledger (GL) with multi-dimensional reporting is a must-have for finance ERP systems, enabling businesses to manage multiple entities, currencies, and cost centers within a single platform. This feature allows real-time consolidation and detailed financial analysis across various dimensions, improving visibility and supporting better decision-making. 
 
 

Peppol Ready - InvoiceNow

InvoiceNow allows businesses to enjoy smoother and more secure invoicing, faster payments, and a better way to save the environment by going paperless within the InvoiceNow network. Get onboard this nationwide E-invoicing initiative in Singapore with IMDA’s InvoiceNow bonus and grants.
 
 

Scalability & Multi-Entity Support

The ability to manage growth, including subsidiaries and international operations is key. Intercompany transaction capabilities goes a long way to streamline accounting between the group and its subsidiaries. Your ERP software should allow auto creation of parent company billing to save time and support a thorough and accurate record keeping for a clear and transparent picture of your financial health, and avoid disputes between related companies.
 
 

Warehouse & Inventory Management

Warehouse management capabilities to support full inventory control and management with barcode scanning integration. ERP accounting software like Microsoft Dynamics 365 Business Central (previously known as Navision) allows easy configuration for each of your locations’ unique warehousing processes from tracking warehouse shipments to inventory picks, movement worksheets and more.
 
 

Real-Time Financial Reporting

Real-time financial reporting in cloud ERP systems gives businesses instant access to up-to-date financial data and dashboards, enabling faster, data-driven decisions. With live syncing across departments, users can monitor key metrics, drill down into details, and stay audit-ready—improving accuracy, transparency, and strategic planning.
 
 

Payroll and HR

Payroll/HR integration is essential for an all-in-one business management solution that significantly increases efficiency and lowers operational costs. With a single platform, businesses can gain full visibility into your financials and employee activities. Integrating payroll software like PAYDAY! allows for easy viewing of the operating costs of your business, the productivity and output of your employees, and upcoming rosters all in one place.
 
 

User-friendly Mobile App

As more businesses embrace the remote work and flexi work arrangements, having a user-friendly mobile application of your ERP software is beneficial as it gives your end users the portability and flexibility to perform tasks anywhere anytime from a tablet or a phone.
 
 

Audit Trail and Compliance Features

Audit trail and compliance features in cloud ERP systems are essential for maintaining strong internal controls and effective ERP governance. With automatic transaction logs and role-based access control, organizations can ensure transparency, prevent unauthorized changes, and support regulatory compliance with standards like SOX and PDPA/GDPR. These tools help enforce accountability, reduce risk, and provide the foundation for sound financial oversight and corporate governance.
 
 

Gen AI Capabilities 

Generative AI is crucial for ERP systems to stay future-ready by enabling automation, improving decision-making, and providing predictive insights. AI enhances predictive smarter business making, allowing businesses to forecast trends and optimize operations, such as inventory management and supply chain processes. For example Microsoft Copilot for Finance allows finance teams to become more intelligent, adaptable, and better equipped to address future challenges in a competitive business landscape.  
 
 

ERP Accounting Cybersecurity Essentials

 
Securing financial data is a top priority for small to mid-sized businesses implementing ERP accounting software. With increasing cyber threats and compliance demands, having strong security measures in place isn’t optional—it’s essential. A well-secured ERP system not only protects sensitive financial information but also builds trust, ensures business continuity, and supports regulatory compliance.
 
Here are the ERP Accounting Security Essentials for SMEs:
  1. Role-Based Access Control – Limit access to data based on user roles.

  2. Data Encryption (At Rest & In Transit) – Safeguard information during storage and transfer.

  3. Multi-Factor Authentication (MFA) – Add an extra layer of login security.

  4. Audit Trails & Activity Logs – Track changes and user actions for accountability.

  5. Regular Data Backups – Ensure quick recovery from system failures or breaches.

  6. User Permissions & Segregation of Duties – Reduce fraud by separating financial tasks.

  7. Cloud Security Standards Compliance – Use platforms that meet ISO 27001 & SOC 2 standards.

  8. Automatic Software Updates & Patch Management – Protect against the latest cyber threats.

  9. Firewall & Intrusion Detection Integration – Monitor and block unauthorized access.

  10. Disaster Recovery Plan – Maintain operations during unexpected disruptions.

 
Choosing the right ERP partner simplifies both technology management and security, giving finance leaders the confidence to focus less on IT complexity and more on what truly matters—accurate numbers, strategic growth, and financial success.
 

ERP Governance vs ERP Cybersecurity

 
ERP governance and ERP cybersecurity are both critical to the success of any ERP system, but they serve different purposes. While cybersecurity protects the system from threats and safeguards data, ERP governance ensures the system is managed effectively, aligns with business goals, and delivers consistent value across departments.
 

ERP Governance is the foundation for maintaining data integrity, supporting compliance, and driving performance across business functions. Without proper governance, ERP systems can become fragmented, underused, or even expose the business to financial and operational risks.

At RSM, our team of digitalisation consultants helps finance leaders navigate this complexity with confidence. Our ERP advisors support decision-makers in selecting the right platform, establishing clear governance structures, implementing internal controls, and aligning financial processes with ERP capabilities. We also help assess risks, streamline reporting, and ensure long-term scalability and compliance.

For finance leaders, strong ERP governance—enabled by practical ERP Accounting Advisory—means greater visibility, accountability, and trust in financial data, allowing them to focus on strategy, growth, and business success.

 

For a more agile and efficient work environment, leverage Dynamics 365 Business Central.

 
Do you know Microsoft Business Central has been named the best ERP system of 2024 by Forbes Advisor. It is ranked one of the top leading Cloud ERP accounting software choice for SMEs and growing businesses.
 
Do you know Business Central tablet client, Business Central phone client, and Dynamics 365 Business Central Mobile App are all individually optimised for the different user scenarios and touch experience?
 
Effortlessly manage all your accounting responsibilities on the move with the Dynamics 365 Business Central Mobile App that is designed to seamlessly work on both iOS and Android platforms. Now you can easily access real-time business insights via the app's dashboard and empower your managers to approve transactions directly from their mobile devices.
 

Complimentary Microsoft Business Central Consultation and Demo

Enjoy up to 50% EDG funding support for your ERP Implementation.

Why Choose Us

 

Choosing us as your accounting software consultants means embracing a comprehensive solution that not only meets your immediate accounting needs but also evolves with your business, providing the support and functionality required for sustained success. At RSM Stone Forest IT, we provide an end-to-end solution to manage your ERP with best practices and governance.

Trusted ERP Manager for Accountants for over 35 years

 

Business workflow

Business workflow

Internal Controls

Internal Controls

Management reports

Management reports

Customisation

Customisation

Training

Training

Infrastructure

Infrastructure

Documentation

Documentation

Security

Security

Governance & Compliance

Governance & Compliance

Data Backup & PDPA

Data Backup & PDPA

Our team of consultants are recognised by the Singapore government agencies (i.e. IMDA, CSA and PDPC) and are the appointed consultants for CTO as-a-Service, Cyber Essentials and Data Protection Essentials/ Trust mark respectively. Contact us to learn more about these initiatives and the available grants to help Singapore SMEs to simplify digitalisation, cybersecurity and data protection.   

How can we help?

Complete this form and an RSM Stone Forest representative will be in touch.