Top ERP softwares in Malaysia 2022

All You Need To Know About Enterprise Resource Planning (ERP)

June 20, 2022

The Top 7 ERP softwares in Malaysia 2022

In today’s ever-growing and fast paced world of technology, Enterprise Resource Planning (ERP) systems are every organisation’s key to managing their business. ERP is a type of software that incorporates many forms of enterprise critical software into a single interface. Many large organisations have implemented the usage of this software as it helps in managing day-to-day business activities, which include accounting, project management, risk management, procurement, compliance and supply chain operations.

An ERP system is important as it gathers all the data of the company, and integrates it into what every company’s needs most, which are the ways to increase efficiency and cost saving.

Wondering which ERP software best suits your company? Not to worry. We have got a list of the top ERP softwares in Malaysia for you to narrow it down to what suits your company needs best.

SAP is one of the world’s leading producers of software with a staggering number of 230 million users, increasing every other day. Which makes them the largest ERP cloud portfolio of any provider. The global standard for ERP software was set by SAP, and they are taking it to higher levels by using the power of in-memory computing to process vast amounts of data, and to support advanced technologies such as artificial intelligence (AI) and machine learning. They are also the chosen ERP for small and midsize business companies.

Benefits of SAP ERP:

Adaptable cloud ERP applications
User friendly
Customizable processes
24-hour customer service
High security

Oracle Fusion Cloud ERP provides a complete and modern take to the cloud ERP suite with advanced capabilities, using modular AI-based business capabilities. Oracle cloud ERP is trusted by thousands of customers worldwide. With 1,700 new features and performance improvements each year.

Benefits of Oracle ERP:

Machine learning predictive planning
Customer churn insights
Increased productivity with digital assistance
Innovative finance solutions

If your company uses mostly Microsoft products, this would be the best option for you. Microsoft Dynamics ERP combines both CRM and ERP packages, which utilises the same data across various modules available in dynamics 365. Their modules include sales, field service, customer service, project service automation, marketing, financials and operations. Customers are able to purchase these modules separately and use them as and when they should need to.

Benefits of Microsoft Dynamics ERP:

Fully integrates with Microsoft Products
Customised ERP solutions
Extendable life cycle support

For medium sized companies, Sage ERP can be considered as it was designed specifically for that. Its software system is meant to prepare you for both now and the future as certain features are additional and can be added when needed to. Sage ERP is an award-winning software with affordable and reasonable pricing. Sage ERP offers fully integrated web services, which makes it possible to extract useful customer information and process analytics from all websites and customer databases in a company’s portfolio. Sage ERP is built to be adaptable for your company.

Benefits of Sage ERP:

Available in multi languages
Available in multi-currency
User friendly interface
Scalability with multiple lines of business

The Workday ERP system is great for finance, HR and planning, all in one. Workday’s ERP user interface can be personalised by the user to their own preferences. It also has a mobile application for both iOS and android devices, making it convenient and simple to purchase order approvals, project management tasks and expenses management.

Benefits of IFS ERP:

Strong planning and budgeting software
Comprehensive human capital management (HCM) software products
Seamless integration with third-party software
Automates many aspects of the proposal process

IFS is a European based company that has a very well-established client base in Europe, however it is (one of the top ERP softwares in Malaysia). It’s not exactly well known as IFS does not rely much on marketing, but more from word of mouth. If your company deals with mass productions, your best bet would be IFS ERP. This software thrives in the construction industry, manufacturing, and field services.

Benefits of IFS ERP:

Track maintenance work and progress
Editable and trackable stock sites
Designed for multi-mode manufacturing environments
Industry specific customizations

Have you heard about Cosmo Synergy’s SYSPRO ERP? Cosmo Synergy is SYSPRO’s longest-standing partner in Malaysia, delivering enterprise solutions and minimising business complexity for manufacturers and distributors for more than 25 years. SYSPRO ERP specialises in ERP implementations, joint application development, custom solutions and analytics/ business intelligence. SYSPRO is a trusted name in ERP and currently stands at Malaysia’s top ERP softwares.

Benefits of SYSPRO ERP:

Industry built ERP system
Easy and friendly user interface
Enhanced traceability
Strong security features
Usage of BOT agents
Offers business analytics, CRM, APS and e-commerce functionality

The Benefit Of Cosmo Synergy ERP Systems on Business

Benefits of SYSPRO ERP In Distribution:

SYSPRO ERP Distribution Software gives you the tools you need to manage all distribution channels and processes in your business. It allows maximum control and flexibility over inventory and operations. Overall, ERP for distribution helps tighten controls and streamline inventory. It also provides tools that help improve forecasting and planning to match supply and demand.

The solutions provided by the SYSPRO ERP Distribution Software:

Manage Traceability And The Recall Process
-Use the Product Recall System to quickly identify and retrieve defective products from customers and perform a complete product recall.
Improve Forecast Accuracy
-By balancing supply and demand, forecast errors can be minimized.
Supplier Management and Purchase Control
Facilitate transparency, compliance, and quality control in the selection and procurement of suppliers.
Control And Manage The Return Process
-Automated and streamlined processes for tracking and authorizing customer returns, warranties, claims, and complaints.
Improve Efficiency and Accuracy
-Automated processing with barcoding allows you to manage multiple locations for different product types and quality.

Benefits of SYSPRO ERP In Food & Beverage:

Food and Beverage manufacturers face one of the most difficult challenges today. As packaging and traceability become more and more important, the company must meet an ever-increasing number of regulatory and compliance requirements. In addition, they must also report on their manufacturing processes. This emphasis on compliance and good governance has resulted in a greater focus on sustainability. This is true across all industry players, including distributors, retailers, and restaurants. In fact, it applies to the entire supply chain.

The solution provided by the SYSPRO ERP software:

Optimize Planning And Management With Improved Visibility
-SYSPRO’s Manufacturing Operations Management Solution will increase productivity, reduce loss, and lower production costs.
Manage Traceability And The Recall Process
-Quickly and efficiently perform a product recall by quickly identifying and retrieving defective products from customers with the Product Recall system.
Improve Forecast Accuracy
-By balancing supply and demand, forecast errors can be minimized.
Increase Visibility For Co-products
-Allow co-product manufacturing and plan for byproducts; identify related products that share recipes; assign ingredients and operations across coproducts; calculate costs and quantities.
Supplier Management & Purchase Control
-Facilitate transparency, compliance, and quality control in the selection and procurement of suppliers.
Control And manage The Return Process
-Automated and streamlined processes for tracking and authorizing customer returns, warranties, claims, and complaints.

Benefits of SYSPRO ERP In Electronics:

To be a successful manufacturer in the Electronics sector, agility and speed are crucial to overcoming the challenges of product innovation, short product lives, high inventories, and complex supply chains. An ERP solution must enable automation, integration, visibility, data collection and cross-communication throughout your entire supply chain.

The solution provided by the SYSPRO ERP software:

Optimize Planning And Management With Improved Visibility
-SYSPRO’s Manufacturing Operations Management Solution will increase productivity, reduce loss and lower production costs.
Control Product Design Modifications
-Product life cycle management can improve product control.
Manage Traceability And The Recall Process
-Continuous improvement programs ensure compliance and zero-defect initiatives and reduce product recalls.
Improve Forecast Accuracy
-By balancing supply and demand, forecast errors can be minimized.
Minimize Obsolescence
-Reduce inventory, obsolescent stock and lead time to customers
Manage And Control Your Return Process
-Automated and streamlined processes for tracking and authorizing customer returns, warranties, claims, and complaints.
Digitally Transform Your Business
-Integrate business partners throughout your supply chain and to other systems, whether on-premise or in the cloud. Use Artificial Intelligence and Machine Learning to uncover hidden trends and anomalies in your company.

Benefits of SYSPRO ERP In Automotive Parts & Accessories

Over the past decade, the automotive industry has experienced tremendous growth. There are many emerging trends that require a shift in manufacturing practices. These include increased safety requirements such as CO2 emissions, the rise of connected systems and autonomous cars, cost-effectiveness despite a complex supply chain, and the need for greater transparency and good governance, particularly regarding product recalls.

The solutions provided by the SYSPRO ERP software:

Remain Profitable In The Face Of Fluctuating Raw Materials Cost And Margins
-You can remain profitable in the face of fluctuating raw material costs and margins. Visibility to the costs and profits across your business allows you to identify issues immediately. This includes variations in expected and actual production and raw material costs, late supplier deliveries, obsolete, slow-moving, excessive inventories, and product defects or scrap.
Control Product Design Chances
-You can control product design changes. Your ability to create new products or modify existing designs is crucial to your business’s success. SYSPRO offers tools that streamline and track the creation of new product designs or amendments to existing designs. It also provides cost information.
Improve Management Process
Enhance management processes for Original Equipment Manufacturer (OEM) returns, OEM rebates, OEM promotion, OEM warranty claims, and OEM warranty claims.
Easy Integrate
-Integrate easily with supply-chain partners, 3PLs and customer electronic ordering.
Increase Customer Responsiveness
-Increase customer responsiveness in all aspects of design, engineering, and configuration.
Digitally Transform Your Business
-You can digitally transform your business to integrate business partners throughout your supply chain and to another system, either on-premise or in the cloud.
Enhancing The Quotation Process
-Customers will be more satisfied with accurate estimation and quotations if they are able to improve the process of obtaining quotations.

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Benefits of SYSPRO ERP In Chemicals

Volatile commodity prices from economic uncertainties; globalization and industry consolidation; low margins and high fixed costs; changes in regulatory requirements. It’s obvious that the plastic and chemical industries face many challenges. You could miss opportunities or even face regulatory penalties if you don’t have the right data insights or software solutions.

The solution provided by the SYSPRO ERP software:

Protect R&D
-Protect Research and Development (R&D) and manage formula development.
Manage Hazardous Materials
-Reduce compliance risks and manage hazardous materials.
Reduce Waste
-Less waste through better inventory and material management.
Manage The Storage,Handling And Transportation
-You will be responsible for the transportation, storage and handling of hazardous materials.
Manage Complex Production Recipes
-Complex production recipes can be managed.
Manage By-product
-Companies that make by-products from their manufacturing processes can manage them. They want to sell, recycle or use these byproducts for other value-added purposes, instead of dumping them as scrap.
Ensure Production Quality
-Assure production quality and conform to SDS and ISO requirements.
Improve Real-Time Visibility
-For smarter decision-making, improve real-time visibility throughout your operations.
Reduce Cost
-You can reduce costs, eliminate waste, and still be flexible and responsive.

Benefits of SYSPRO ERP In Industrial Machinery & Equipment

You may face many business challenges as a manufacturer in the Industrial Machinery and Equipment sector, including an inaccurate supply chain and inventory forecasting, disconnected legacy system, premature failure of machinery, and delivering products quicker than expected.

These challenges and the need for accurate price forecasting, strong financial controls and the ability to fully trace and implement warranties on goods are signs that you need a good ERP system.

The solution provided by the SYSPRO ERP software:

Improve Management Process
-Enhance management processes for Original Equipment Manufacturer (OEM) returns and OEM rebates, OEM promotion, OEM warranty claims, and OEM warranty claims.
Easy To Integrate
-Integrate easily with supply-chain partners, 3PLs and customer electronic ordering.
Improve Your Customer Responsiveness
-Increase customer responsiveness in all aspects of design, engineering, and configuration.
Digitally Transform Your Business
-Transform your business by integrating business partners throughout your supply chain and other systems.
Artificial Intelligence And Machine Learning
-To gain rich insights into unidentified patterns and anomalies in your business, leveraging the power of AI and Machine Learning.
Built Customer Satisfication
-Increase customer satisfaction through accurate estimating and quoting.

Benefits of SYSPRO ERP In Metal Fabrication

As a manufacturer of fabricated metal products, you would understand that success is dependent on tightly managing your complex supply chains. This involves working with customers to create the best products while maintaining quality, tolerance, and material specifications. It is important to offer a complete range of services – from design to delivery, while maintaining flexibility to adjust capacity requirements and operating efficient continuous replenishment systems.

The solution provided by the SYSPRO ERP Metal Fabrication Software:

Get Quote Quickly And Accurately
-Customers are often in urgent need of services. Therefore, the turnaround time for quotes must be quick and accurate. This will impact profitability.
Increase Profitability
-You can get real-time information on the material and labour usage. It is important to ensure that each job is profitable, as repeat orders may not be from the same customer.
Perform Ad-hoc Schedule And CTP
-Customers might come in with an urgent job they need to complete the next day. Can you meet those deadlines? Does it affect other work? A CTP system can help you strike a balance between what your clients and customers want and what you can produce.
Sub-contract With Confidence
-This is a capital-intensive business. Many custom metal fabricators don’t have the resources to purchase speciality machinery. They must rely on sub-contracting for a ‘full’ service or end result for their customers (coating, specialized cutting, etc).

Benefits of SYSPRO ERP In Packaging

Packaging is one of the most challenging and exciting industries. Take into account the increasing attention on packaging’s environmental impact and the negative publicity that comes from media and lobby organizations. The pressure from a more informed consumer has resulted in a greater demand for packaging that is both attractive and recyclable. It can also be reusable, compostable and biodegradable. Packaging that does not meet these increasingly stringent standards will soon be removed from the shelves.

Whether your company produces recyclable cardboard, plastic roll stock, bags, pouches, shrink wrap, stretch film, boxes, bubble wrap or any other kind of packaging, you need to find ways to boost operational efficiency and quickly respond to evolving customer demands as well as changing regulations and market trends. This is why flexible management tools such as SYSPRO ERP are essential for packaging companies.

The solution provided by the SYSPRO ERP software:

Improve Ability To Demonstrate Compliance In Your Core Process
-You can improve your ability to demonstrate compliance with your core processes by implementing a variety of control measures that ensure strict record-keeping.
Streamline Estimating
-Streamline scheduling, capacity planning, and estimation.
Improve Forecast Accuracy And Financial Control
-Increase product inventory turnover and deliver to clients quicker.
Less Material Waste
-Support sustainable practices and reduce material waste.
Better Strategic Planning
-Gain business intelligence for better strategic planning.
Perform Full Product Recall
-Quickly and efficiently complete a product recall.

Benefits of SYSPRO ERP In Plastic & Rubber

The plastic and rubber industries have been at the forefront of technological revolutions like Industry 4.0 and the digital economy. This is in addition to ever-increasing regulations and environmental protection laws. As organizations innovate, the use of rubber products and plastics will continue to grow in modern society. The industry’s shift toward e-commerce and mass customization, as well as advances in polymers, resins, and additives, will increase the complexity of your business.

The design, development and production of this industry will be affected by how your manufacturing technology, processes, and tools evolve. Find out how SYSPRO ERP software can provide you with 360-degree visibility for your business.

The solution provided by the SYSPRO ERP software:

Technology Integration
-SYSPRO’s many modules allow for efficient and effective integration with any third-party software. SYSPRO supports the connectivity of machines and other devices in order to digitize the factory (Industry 4.0) and gain a competitive advantage.
Traceability
-SYSPRO’s manufacturing trackability allows for ECC and inventory management, and quick responses to a product recall. Search capabilities are also available. Vendor management, quality tracking, and vendor management are all possible.
By-products And Co-Products Management
-Management of co-products, by-products, and coproducts – being able to manage co-products and by-products lead to less waste and more opportunities. Certain co-products can have costs associated which allow for transparency on the profit and cost of each item. Companies that make by-products from their manufacturing process can manage them. They may want to sell, recycle or use these byproducts for another value-added purpose rather than dumping them as scrap.
Ensure Production Quality
-Assure production quality and conform to SDS and ISO requirements.
Reduce Cost
-SYSPRO’s vast toolset allows you to reduce costs, eliminate waste, and remain flexible and responsive. This will allow you to manage cost pressures throughout the value chain.

Disadvantages of ERP System

Although ERP software has become a must for the company nowadays and the advantages of ERP software outweigh the disadvantages, there are still a few problems to consider before confirming that using an ERP is the right choice for your business.

Upfront Cost

The upfront cost of the ERP software alone is quite high for small and medium companies. Even though you can pay monthly by using a cloud-based ERP solution, the cloud-based ERP software is still a disadvantage as users need to continue paying in order to continue their access. As time goes on, the cloud-based systems would be more costly than the on-premises ERP systems.

Require Training

Many companies are saying that their ERP system is automated and user-friendly. However, to get the most out of ERP systems, proper training from the ERP company would be a must in order to understand how the system works. IT staff have to train to manage the technical aspects of the ERP system and it may be hard for a certain group, especially the older generation. Also, the organization has to invest time to create a plan for their IT staff to prevent their knowledge loss when training outside of the company.

Customization Process

In order to fully realize ERP benefits, users have to adjust and set up the ERP system to meet the company’s needs. This process takes a lot of time, effort, money and expertise. Businesses often underestimate the resources needed to customize the ERP and end up not finishing their customization or didn’t finish due to over budget. The problem doesn’t stop here, if the customization chosen by the company isn’t complete and doesn’t really fulfil the business needs, it may cause them to diminish the best practices built into the system and cause upgrades in the future to be more difficult.

Department interconnectivity

There are both benefits and disadvantages regarding the interconnectivity within a production organization. A chain is as strong as its weakest link, and inefficiency within one department will lead to inefficiency within the others with the implementation of ERP. If one department becomes inefficient or is impacted, it can affect the effectiveness and efficiency of other departments.

Decrease In Effectiveness While Completing Task

It is understandable for the company imperative to use the ERP right after customisation completes. However, implementing the ERP system requires a long time. This is because it takes time to migrate the data, organize the training courses for employees and other requirements. All of this will undoubtedly disturb the organization’s functionality and require a huge amount of resources from the company in terms of time and cost. The process of implementation can take from months to years and the company will have a hard time recovering from the loss if they did not foresee and mitigate the possible risks.

Advantages Not Immediately Visible

Complex implementation and the high cost of ERP systems won’t bear fruit immediately. It does not guarantee the success of a company, you know the saying: All things come to those who wait. This principle applies to ERP systems as well, the key here is to remain patient and wait, the benefits of ERP will only become apparent long after the system is running.

ERP FAQ

ERP

1What does ERP stand for and what it is？

ERP stands for enterprise resource planning. It is a business management software where business organisations implement it to their daily operations to run their business and seek improvements out of it.

2How does ERP work?

ERP helps organisations out there to collect, store, manage, and interpret data from different business activities for business purposes. Later, the data can be interpreted and a report can be generated.

3What are the benefits of ERP?

Services like enhanced business reporting, improved inventory cost, cost savings, better data & cloud security and supply chain management are able to help organisations out there to collect, store, manage, and interpret data from different business activities for business purposes.

4Why is ERP used?

ERP is able to provide the organisation a comprehensive vision of the current business performance while minimising data duplication.

5Who use the ERP system?

The most frequent industries that use ERP are healthcare, hospitality, professional services, manufacturer, nonprofit organisations, and construction.

6Why do large companies like to use ERP?

A complete ERP system will help companies with budgeting, planning, and reporting on financial results, helping the companies generate major time and cost-savings. It is great at automating and managing tasks which are related to purchasing, inventory and order management, manufacturing project management, workforce management, sales and marketing and more.

7How many types of ERP are there and what it is?

There are mainly 3 types of ERP systems. The three main types are known as cloud ERP, on-premise ERP, and hybrid ERP.

8What is a cloud based ERP software?

The cloud-based ERP software is a web-based solution where the organisation needs an internet connection in order to get access to the datas because all of it is stored in the cloud storage.

9What is an on-premise software?

The on-premise ERP software is one which is implemented onsite and maintained in a physical space. Usually, it will be hosted in the company’s servers and computer so that the organisation could have full control, support and ownership of the entire system.

10What is a hybrid ERP software?

The hybrid ERP software refers to a combination of the cloud-based ERP and the on-premise ERP. This type of model provides flexibility to the ERP users, allowing them to mitigate between delivery models or integrate benefits that are not available in the current existing implementation.

11Is SAP an ERP system?

ERP is a software suite of various applications. SAP is a software development corporation that provides ERP software solutions in the market.

ERP Integration

1What is ERP integration?

ERP integration is a method that is executed by a business company to connect its ERP software with other types of application softwares.

2What is the objectives of ERP integration?

The main objective is to improve the productivity and insights so that the company can achieve a state that there is only a single source of truth.

3What is a cloud based ERP software?

The cloud-based ERP software is a web-based solution where the organisation needs an internet connection in order to get access to the datas because all of it is stored in the cloud storage.

4What ERP integration methods do your business typically use?

The most common integration methods that are used by businesses are called Point-to-Point Integrations, Enterprise Service Bus (ESB), and Integration Platform as a Service (iPaaS).

5What is point-to-point integrations?

6What is an Enterprise Service Bus?

Enterprise Service Bus or also known as ESB is an on-premise software that uses connectors and adapters between software to enable communication between them. This integration method works well on vertical scaling but not horizontally. It is more complex compared to the other methods, therefore it is not an ideal solution for those who aim to simplify their business.

7What is Integration Platform as a Service (IpaaS)?

Integration platform as a service or in short known as iPaaS offers a cloud-based approach to integration. It is designed to connect ERP systems to SaaS software and other types of integrated software. iPaaS has greater speeds compared to ESB, and it is more flexible and inexpensive. Nowadays, iPaaS is the ideal solution for many modern businesses

ERP Modules

1What are ERP system modules?

ERP modules are tools beneath the ERP modules, each of them is designed specifically with specific business functions.

2How many ERP modules are there and what are their features?

There are a total number of 13 EPR modules which is: Finance : The finance and accounting module allows businesses to understand their current financial state and future outlook. Procurement : The procurement module helps an organisation to secure the materials or products they need for manufacture or sell as goods. Manufacturing : The manufacturing module helps manufacturers plan their production and make sure they have prepared everything needed for the production plans such as raw materials and machinery capacity. Inventory Management : The inventory management module can help to track item quantities and the location of each of every inventory that is registered in the system. Order Management : The order management module helps to track all orders made by the customers from the purchasing phase to the fulfilment phase. Warehouse Management : The warehouse management module can guide warehouse employees through all warehouse processes based on the layout of the facility from shipment arrival to picking to packing and to shipping seamlessly. Supply Chain Management : The supply chain management module tracks each single procedure of the delivery of supplies and goods throughout the supply chain. It started from the sub-suppliers to suppliers, manufacturers, distributors and lastly to retailers or consumers. Customer Relationship Management (CRM) : The CRM module stores all of the customers and prospect information. It is able to track communication with prospects and target some particular customers that are suitable for certain promotion events or products. Professional Services Automation (Service Resource Management) : The professional services automation module also known as PSA helps an organisation to plan and manage a project. It is able to track the status of projects and manage human and capital resources for it and also allow managers to approve expenses and time schedulelity. Workforce Management : The workforce management module is actually similar to a human resource management module. It includes functions like monitoring workers’ attendance and measuring or recording employee productivity and absenteeism. Human Resource Management : The human resource management module includes all of the features in the workforce management module but offers some additional capabilities that the workforce management module does not include. This module has all kinds of detailed records on all employees, and documents about performance reviews, job descriptions and offer letters. Ecommerce : The ecommerce module allows companies to quickly launch a business-to-business or business-to-consumer ecommerce website. This module is perfect for businesses that want to sell their products or services online. Marketing Automation : The marketing automation module is able to manage marketing campaigns across digital channels like email, web, social media and SMS. It can send messages through different platforms automatically based on the campaign rules and it has advanced customer segmentation features so that only relevant customers will be receiving the message.

ERP Implementation

1How long does an ERP take to implement?

The implementation time can vary depending on the company size, the number of modules, the amount of customization, etc. If there are no setbacks, the estimation time for an ERP implementation can take from 3 to 12 months.

2How much does it cost?

It does not have a fixed price as the total cost is split into licensing cost and implementation services cost.

Top ERP softwares in Malaysia 2022

All You Need To Know About Enterprise Resource Planning (ERP)

The Top 7 ERP softwares in Malaysia 2022

The Benefit Of Cosmo Synergy ERP Systems on Business

Disadvantages of ERP System

Upfront Cost

Require Training

Customization Process

Department interconnectivity

Decrease In Effectiveness While Completing Task

Advantages Not Immediately Visible

ERP FAQ

ERP

ERP Integration

ERP Modules

ERP Implementation

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