SAP Business One now compliant with Singapore’s tax guide

By SMBWorld Asia Editors | Aug 8, 2011

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SAP Singapore reaches an important milestone as its business management software SAP Business One, has received inclusion in the Inland Revenue Authority of Singapore’s (IRAS) Accounting Software Register list. IRAS is the country’s statutory board under the Ministry of Finance of Singapore Government in charge of tax collection.

With the new inclusion, SAP Business One is compliant with the Singapore government’s tax guide. SAP prospective customers will also benefit from the assistance that Infocomm Development Authority (IDA) of Singapore provides through iSPRINT for SMEs who are embarking on IT or ERP projects to automate their manual processes, and whose accounting software is listed on IRAS’ Accounting Software Register.

Nitin Gangla, Director, Channel Business Development, SAP Southeast Asia explains how the change will give SAP an edge over its competitors. “Previously, most of the registered software in the list would be the small or local accounting software. Now that SAP Business One is in the list, SMEs are well positioned to take advantage of this offer and upgrade their IT systems.”

The SAP Business One application integrates all core business functions across your entire company – including financials, sales, customer relationship management, inventory, and operations. Unlike many other small business solutions on the market today, SAP Business One is a single application, eliminating the need for separate installations and complex integration of multiple modules.

Kowshik Sriman, Managing Director of SAP Singapore says that business management software is not exclusive for big firms. “SAP Business One is the suitable solution for small and medium enterprises. Even with a small budget, companies can now streamline their business processes, improve their competitiveness and accelerate profitable growth.”