Which ERP System is Best for Your Business in Malaysia?

It would bring all important business data together, promote cross-departmental collaboration, improve data accuracy, and ensure that everybody in the organization was on the same page. For som,e it means a standard small Malaysian business, for others a large multinational corporation, but an ERP system can help to grow effectively and stay ahead of the competition.

ERP System for Malaysian Business: Key Considerations When Choosing An ERP System

Therefore, in picking the right solution for your Malaysia business ERP, you need to know your unique requirements, and you need to know your objectives. Here are some points that should be kept in consideration when opting for the best ERP system:

1. Business size and scalability

It is determined by the size of your business. An ERP system with the capability of modules would be the best in the first place for small to medium-sized enterprises in Malaysia. They grow with your business and you are able to add as many features and users as needed.

On the other hand, large organizations could need more complex and personalized ERP systems that can process a lot of data.

2. Industry-Specific Features

Sectors have their needs but so does the ERP, so you need to pick the right one that goes with your sector. These include supply chain management, production scheduling, and inventory control for example, in manufacturing where an ERP is required. On the flip side, an ERP for a retail sector might involve POS integration, CRM, and inventory management.

Some of the ERP vendors in Malaysia have a collection to cater to the diversified perspective of every industry from manufacturing to retailing, education, healthcare, and building with an industry-specific ERP solution. As such, the selected ERP has to be equipped with the right industry functionalities and if necessary customized.

3. Interoperability Competencies

Another element of the benefits of ERP systems is that they can be integrated with other software your business already has. Let’s take those for example, connecting your ERP system to your CRM software, eCommerce platforms, or HR software among others makes your operations so much more efficient and helps to ensure data consistency.

Before you implement an ERP system in Malaysia, ensure that the ERP system you are about to implement in Malaysia is integrated with that which is already implemented. For organizations using a lot of different applications in their day-to-day work and operations, this feature becomes most crucial.

4. Ease of Use

When choosing an ERP, there’s much more than the functions and features of the system: you also want a good user interface and user experience (UI/UX). After all, if nothing is easy in the system, your employees are going to have trouble adapting to the structure just as easily, and it’s going to be a silly, frustrating mess. Find out if the ERP system you decide is easy to use and has people who are adequately trained and supported.

5. Cost of Ownership

The cost of an ERP system in Malaysia depends on factors such as system complexity, number of users, and amount of customization of the system. Therefore, when deciding to put in the system the things to be considered are the cost of doing so: what implementation costs, what training will the people using the system need, what will be thelong-termm maintenance, support, upgrades, etc.

Some of the ERP systems might look expensive at first but if you break them down to the cost side, you’ll realize the costs are well worth it and this gives them savings of hundreds in productivity and processes. That’s why be sure to calculate the ROI when you’re deciding on your pick.

1. SAP Business One

SAP Business One is one of the top ERP solutions for SMEs in Malaysia. Because it dangles such all-in-one middleware solutions for example financials, op, and inventory. SAP Business One is scalable, integrated, and masterly at handling complex business processes.

It has industry-specific modules for those in the manufacturing distribution industry such as production planning, logistics management, etc.

2. Microsoft Dynamics 365

Flexible and powerful ERP, Microsoft Dynamics 365 works with all types of business. Malaysian companies are able to access the system from anywhere in the world making it perfect for remote work. 

It also works really nicely with all the other Microsoft products such as Office 365, thus a natural choice for companies familiar with the Microsoft portfolio.

Other modules of this system that are associated with this include financial management, operation, customer service, sales as well as marketing. Flexibility and a user-friendly interface are the most significant benefits of Dynamics 365.

3. Odoo ERP

The open source ERP solution (Odoo) flourished in and has become popular amongst small and medium-size enterprises (SMEs) in Malaysia due to its cost efficiency as well as adaptability as well as the sheer amount of modules beginning with accounting modules, through sales ‘modules’, inventory ‘module’, so much for human resource management, to project management giving them a huge amount, which is comprehensive for any industrial organization.

Thanks to its open-source nature odoo, it’s very easy to customize. Businesses merely need to choose the modules that they would require, thus it is a cheap option for small businesses.

4. Oracle NetSuite

If you’re a medium or large size company in Malaysia, then Oracle NetSuite is a full ERP cloud-based system. A very well-known company has a nice display of powerful possibilities to manage finances, CRM, eCommerce, and inventory. Business requires complex requirements to deploy such an ERP system as they will prefer its functionality and scalability.

NetSuite has real-time reporting and analytics and gives you information on how you are doing to enable you to be a better informed, data-driven decision-maker.