In today’s dynamic business landscape, implementing top-tier Enterprise Resource Planning (ERP) software is crucial. Malaysian companies are increasingly adopting ERP tools to enhance operations and productivity, making Malaysia a prominent player in business software usage in Asia-Pacific.
With numerous ERP software options, selecting the right one can be daunting for business owners. Making a careful choice is crucial, as it determines the effectiveness of your company’s management efforts. If not selected carefully, all the effort put into managing the company might not pay off. Taking your time and choosing wisely is essential to ensure your business runs as efficiently as possible.
In this article, we will discuss the leading ERP software in Malaysia, including their features, pros, and cons. Additionally, we’ll share some advice on selecting the software best suited for your business needs.
Table of Content
- What Is ERP Software?
- 12 Best ERP Software for Malaysian Businesses
- Key Modules of ERP Software
- How to Choose the Right ERP for Your Business
- Conclusion
What Is ERP Software?
Enterprise Resource Planning (ERP) software streamlines operations across departments like sales, procurement, and accounting by combining them into one platform.
ERP services merge different business processes and share data, reducing duplication and ensuring accurate data from one source. By offering a central database and instant insights, ERP software helps businesses work more efficiently, make smarter choices, and stay ahead in their industries
Companies that use ERP system in Malaysia will gain several key advantages, which are:
- Cost Savings: By optimizing processes, reducing manual tasks, and minimizing errors, ERP software helps lower operational costs.
- Streamlined Processes: ERP services integrate various business processes into a unified platform, enabling smoother workflow management and eliminating redundancy.
- Improved Data Accuracy: By centralizing data across departments, ERP systems reduce the likelihood of errors that may occur when using disparate systems.
- Better Reporting and Planning: ERP systems offer robust reporting and analytics capabilities, allowing businesses to generate insightful reports and forecasts based on real-time data.
- Scalability: ERP software can scale seamlessly with business growth, accommodating expansions and new functionalities without major disruptions.
12 Best ERP Software for Malaysian Businesses
Selecting the right ERP software for your Malaysian business can be daunting with numerous options to consider. However, rest assured, we have compiled a list of top ERP vendors for your consideration. From all-inclusive suites to specialized platforms, there’s something for everyone.
Here are 12 recommended ERP software options in Malaysia, catering to diverse industries and company sizes. You’ll surely find something suitable whether you value scalability, customization, or specific modules.
1. HashMicro ERP Software
Initially founded in Singapore, HashMicro has expanded its reach to become a significant player in the ERP software industry across Southeast Asia. In Indonesia, HashMicro is the leading provider of ERP solutions, particularly favored by large companies for its cloud-based software.
Now expanding to Malaysia, HashMicro’s ERP system offers various tools for managing business operations. The ERP software also incorporates advanced AI features to streamline processes effectively while adhering to local needs and regulations.
With its user-friendly interface and flexibility, HashMicro’s ERP solution serves various industries and constantly evolves to meet different business needs. From general business needs like sales, accounting, and inventory, to industry-specific modules like manufacturing, retail, F&B, and supermarkets, this software covers it all.
Allied Market Research recognizes HashMicro as a top ERP provider in Southeast Asia, having accumulated over 1750 clients, including big names like McDonald’s and the Bank of China. This report proves that HashMicro’s influence and impact on the ERP market remain remarkable.
HashMicro offers various modules for each of your company’s needs, including but not limited to:
a. CRM (Customer Relationship Management) module
The CRM software’s modules encompass handling prospect and customer information, tracking the sales pipeline, arranging follow-up appointments with prospects, generating quotations and invoices, and generating comprehensive sales analytics.
As Malaysia’s top ERP software provider, HashMicro offers a valuable CRM module that enables companies to assess buyer quality effectively.
b. Accounting module
The accounting software module streamlines tasks such as bookkeeping, budgeting, asset depreciation, bank reconciliation, invoice creation, financial reporting, and cash flow forecasting. HashMicro’s ERP service offers an accounting system that simplifies all aspects of financial management.
c. Inventory module (Inventory Management Software)
This module streamlines stock management, tracks, and optimizes inventory levels. Examples of features in this inventory software include inventory forecasting, stock picking and packing, supplier management, and delivery tracking.
The inventory module from HashMicro’s ERP program can be seamlessly integrated with other modules, like accounting and barcode systems, to optimize company inventory management.
d. HRM (Human Resource Management) module
HashMicro’s HRM software module streamlines the employee administration process and simplifies recruitment, attendance and leave tracking, tax management, and more. It offers a valuable HRM module to enhance HR performance in managing personnel.
e. Procurement Module
Procurement software simplifies buying by managing resources, vendors, and invoices. It ensures you have the right inventory while improving communication between vendors, suppliers, and your purchasing team.
f. Other modules
In addition to the core modules mentioned earlier, HashMicro also offers a range of specialized modules tailored to specific business requirements. These modules cater to diverse industries such as manufacturing, construction, mining, and more.
Here are some of the advantages of the best type of business intelligence software product from HashMicro compared to other software:
- 100% unlimited users without additional user fees, you are free to develop your business without limits on the number of users
- Web-based and mobile ERP apps can be accessed via computer, smartphone, or tablet. The apps have also been integrated into WhatsApp.
- Complete ERP software features are available with a simple appearance, making it easy for all users to use
- It can be customized in detail, uniquely according to company needs, and integrated with your other systems.
- Additional services are available to customize the HashMicro ERP program solution to your company’s workflow.
- Competitive prices, which are ideal for businesses of all sizes and kinds.
- HashMicro also provides full support from a team of experts ready to help you with the consultation process, implementation, data migration, and maintenance.
Below are some of the weaknesses that HashMicro has:
- Implementation duration varies depending on the company’s needs.
- Features might be too complex for smaller businesses, so further adjustments are needed.
2. SAP HANA ERP
SAP S/4 HANA is one of the best ERP software in Malaysia, harnessing in-memory databases for swift data processing. It offers various modules like financial management, procurement, manufacturing, and logistics. However, its implementation costs and extra fees may pose financial challenges for some businesses
Features
- Finance
- Customer Relationship Management
- Network and Spend Management
- Digital Supply Chain
- HR and People Engagement
- Experience Management
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3. Oracle NetSuite ERP Solutions
NetSuite, a cloud-based ERP software by Oracle, helps businesses automate and manage various aspects with its rich modules. It provides real-time insights into financials, CRM, inventory, and sales. Serving industries like manufacturing, retail, software, and e-commerce, NetSuite is adaptable for businesses of any size with advanced reporting and analytics.
Features
- Financials
- Project Management
- Procurement
- Risk Management
- Supply Chain Management (SCM)
- Customer Relationship Management
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4. Microsoft Dynamics 365
Microsoft Dynamics 365 comprises a suite of intelligent applications for both enterprise resource planning (ERP) solutions and customer relationship management (CRM), seamlessly integrated with other Microsoft products. It provides a diverse array of features tailored to businesses’ needs.
Features
- Financial Management
- Sales
- Purchases
- Warehouse Management
- CRM
- Human Resources Management
- Manufacturing
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5. Wincom ERP Software
WINCOM provides local ERP solutions primarily tailored for manufacturers across Malaysia. Their offerings encompass System Integration, Factory Automation, and dedicated MRP/ERP solutions to enhance manufacturing processes.
Features
- Planning
- Production
- Inventory and warehouse
- Purchasing
- Sales
- Quality control
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6. SL Info ERP Software
SL Information is one of the local Enterprise Resource Planning (ERP) software in Malaysia. Their modern ERP services seamlessly integrate all business processes into a single, efficient main platform.
Features
- Finance
- Manufacturing
- Distribution
- Retail
- CRM
- Supply chain
- Asset & facility management
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7. Epicor ERP
The Epicor ERP solution is modular and tailored to specific industries, serving as comprehensive software for managing company-wide business processes. It handles various business processes effectively. Epicor software is accessible both on-premises and via SaaS cloud deployment.
Features
- Manufacturing execution system (MES)
- Supply chain management
- Financial management
- Human capital management (HCM)
- Business intelligence & analytics
- Customer relationship management (CRM)
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8. Infor ERP Software
Infor ERP, a cloud-based ERP software, provides industry-specific solutions for manufacturing, distribution, healthcare, and more sectors. Its tailored approach ensures businesses have the tools they need to thrive in their respective fields.
Features
- Finance management
- Procurement
- Manufacturing
- Inventory management
- Customer relationship management (CRM)
- Human resources
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9. Acumatica ERP Services
Acumatica is a cloud-based ERP software in Malaysia that provides functionalities like financial management, distribution, project accounting, and customer management. Its flexibility allows easy customization to suit individual business requirements.
Features
- Financials
- Distribution
- Manufacturing
- Retail-Commerce
- Construction
- CRM
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10. Sage ERP
Sage is one of the prominent ERP software in Malaysia. Initially known for accounting software development, it has since diversified its product range. Sage’s software solutions primarily encompass accounting, payroll, human resource management, and payment functionalities.
Features
- Accounting tools
- Payroll management
- Human resource management
- Payment processing
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User-friendly interface with customizable dashboards
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11. ECOUNT ERP Software
ECOUNT is a cloud-based ERP solution tailored for Malaysian businesses. It offers comprehensive tools for managing inventory, production, logistics, sales, accounting, and payroll. ECOUNT’s inventory management feature allows users to track inventory movement across multiple locations.
Features
- Inventory
- Production
- Sales
- Purchasing
- Accounting
- Payroll
- Collaboration
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12. SYSPRO ERP Solutions
SYSPRO offers ERP and integrated business software to manufacturers and distributors. Their software covers all business aspects, such as accounting, manufacturing, operations, and distribution, aiding in automating and integrating core processes
Features
- Supply chain management
- Sales management and CRM
- Business activity monitoring
- Warehouse management
- Business intelligence
- E-commerce
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Key Modules of ERP Software
As a complete business solution, ERP includes different modules to aid in managing your company. Here are several essential modules commonly found in ERP software:
- Accounting: ERP software simplifies financial operations by automating accounting, budgeting, invoicing, and financial reporting, ensuring precision and adherence to regulations.
- Customer Relationship Management (CRM): ERP solutions incorporate CRM features to monitor customer interactions, oversee sales pipelines, and deliver personalized service, fostering customer loyalty and revenue expansion.
- Human Resources: ERP solutions aid in overseeing employee information, payroll, benefits management, recruitment, and performance assessments, improving workforce administration, and boosting employee satisfaction
- Inventory: ERP tools facilitate inventory management tasks such as tracking, stock control, and material planning and procurement.
- Procurement: ERP software streamline procurement processes, ensuring efficiency from purchase requests to invoice processing and payment.
- Manufacturing: ERP platforms optimize manufacturing operations, encompassing production planning, scheduling, quality control, and maintenance, thereby improving productivity and reducing time-to-market.
How to Choose the Right ERP for Your Business?
Choosing the appropriate ERP software requires careful examination of several important factors. Making incorrect decisions can have serious consequences for both you and the company. Thus, it’s crucial to thoroughly research these factors below before selecting the right ERP software for your needs.
1. Assess the specific needs of your business
First and foremost, evaluating your business’s particular needs and demands is crucial. This involves considering your company’s size, the sector you are involved in, and the intricacy of your operations. Grasping these aspects will assist you in streamlining your choices and selecting an ERP solution that suits your business requirements.
2. Consider the scalability of the ERP
As your business expands and changes, your ERP software should grow alongside and adjust to new needs. Seek a solution with modular features for easy addition or removal. Also, confirm seamless integration with current software and third-party apps to facilitate smooth data flow and communication.
3. Assess the customer support team
When selecting ERP software in Malaysia, it’s crucial to assess the support and training provided by the vendor. Implementing ERP can be intricate. Hence, opt for a vendor offering thorough training and continuous assistance.
Also, the reputation and performance history of the ERP vendor should be evaluated. Choose one with a strong track record and presence in Malaysia to ensure adequate support and expertise for your success.
By carefully considering these factors, you can choose an ERP software well-suited to your business needs and will help you achieve your goals in Malaysia.
Conclusion
Choosing an ERP software from a list of top ERP providers in Malaysia can be overwhelming due to the array of options available. Each vendor has its strengths and weaknesses, so careful consideration is essential before deciding.
For business owners seeking an ERP solution, HashMicro is the ideal choice. Our ERP program offers a comprehensive module package for various industries at an affordable price. Additionally, our solution seamlessly integrates with third-party apps, simplifying data transfer from other systems.
To learn more about how HashMicro’s ERP solution can benefit your business, schedule a free demo today. For consultation on selecting the right ERP software in Malaysia to enhance your business’s effectiveness and efficiency, please contact our Business Development and IT expert team by clicking here.
