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Kingdee Launches One-Stop Business Management Solution for SMEs in Singapore

F.Y. Teng | July 28, 2011
The KIS Accounting product prices start from the single user S$620, and covers daily operations management, inventory costing, cash flow management, accounting management and GST calculation and reporting.

The fast-growing enterprise software giant from Shenzhen, China, Kingdee International Software Group, marked its entry to the Singapore small and medium enterprise (SME) space in a big way today by launching the Kingdee KIS Accounting product, signing a memorandum of understanding (MoU) with the SME Infocomm Resource Centre (SIRC@SCCCI) to work together on SME advisory and consulting programmes, and celebrating its partnerships with key information and communication technology solution providers such as IBM (which also happens to be one the Group’s shareholders).

Crafted specifically to meet the needs of SMEs, Kingdee KIS Accounting is styled as “holistic software” that makes the following business areas easy and fast to manage: daily operations; inventory costing; cash flow; accounting; and GST (goods and services tax) calculation and reporting. The package for a one-user licence version is priced at S$620 (approx. US$516 today). For two users it is at S$850 (US$707), and for five users S$1,700 (US$1,414). These prices do not include the 7 percent GST levied in Singapore.

The signatories of the Kingdee-SIRC@SCCCI MoU today were Emerlin Toh, General Manager and Director of Kingdee Singapore, and Daniel Lim, Centre Director of SIRC@SCCCI. The SIRC@SCCCI is a joint initiative by the Singapore Chinese Chamber of Commerce and Industry (SCCCI) and the Infocomm Development Authority of Singapore (IDA) aimed at “helping [Singapore’s] SMEs build their engine for growth and profitability through infocomm technology.” This latest MoU facilitates the free evaluation of Kingdee KIS Accounting by SCCCI members at the SIRC@SCCCI, and by extension gain greater insights on business accounting software.

“Different countries have different accounting requirements and it is imperative for our local SMEs who wish to expand overseas to have a good understanding of the local accounting and taxation system, and arm themselves with the right technology and reliable processes,’ said Lim of SIRC@SCCCI at the signing ceremony today. “With this training programme, we believe the SMEs will be better equipped to compete as their business footprint grows beyond Singapore.”

Toh affirmed Kingdee’s commitment to helping local SMEs grow beyond their national borders. “We are most honoured to be able to partner SIRC@SCCCI in this initiative...[and] with the introduction of the [Kingdee KIS Accounting], we aim to help local enterprises increase their efficiency and ease in business management,” she said. “This is particularly relevant in today’s market where companies, even small start-ups, are constantly seeking simpler, more efficient processes to boost productivity.”

 

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