Account Software Types, Brands And Training in Singapore

Account software in Singapore is also know as accounting software that comes in 2 types of configuration and installation methods where it is commonly known as on premise accounting software and cloud accounting software. 

On premise Vs Cloud accounting software

On-premises software is installed on a local or in-house server and operates on individual computers on the premises (in the building) of the organization the organisation require to define its own protocol on data security, data backup and maintenance.A one time set-up fees maybe require if the organisation does on have a server or rack station to host the software.Usually one time equipment setup fees maybe required and cost of buying the license of the software.

Cloud accounting software is hosted on a data center or server farm within a dedicated space within a premises with proper security control, environmental controls (e.g. UPS backup, air conditioning, fire suppression systems) and a team of IT personal for maintenance to ensure zero downtime. It is fast in setting up and you need to sign up a subscription and maintenance plan with your accounting software vendors The main disadvantage is if there is no internet connection your business will come to a halt and you may subject to security risk of vendors on unauthorized access to business and customer data.

Brands of accounting Software

Does the brand of the accounting software influence your decision? It is very natural in human physiology that a reputable and popular brand does make a difference. Different brands of accounting software companies have their unique way in marketing and promoting their software and they make it very difficult for consumer to compare the difference. Most brands charge a very low initial subscription fess for a basic entry level accounting software to attract customers but some brands actually charge a little higher with extra added on basic features of inventory or CRM or HR module. 

Most popular brand of accounting software are established outside Singapore and it may not be approved by IRAS and GST complaint for local business this should be part of your primary consideration in your decision making.

Accounting Software Training

Some software vendors may charge companies separately for training that depends on the size of the organisation and how complex is the business model as it may involve your staff in account, HR, marketing, operations and warehouse where you require more training man hours. Another important point of consideration is most companies do not have the luxury to release all the staff on a fix schedule to attend training.Most likely staff may need come back over the weekend for software implementation and training which may be challenging for some companies.