Singapore funds agency AXS faucets SAP to drive regional progress, B2B growth

Singapore fee supplier AXS has tapped on Develop with SAP – an agile enterprise assets planning (ERP) platform – it applied in simply three months to streamline operations and set itself for regional progress and business-to-business (B2B) growth.

Introduced on the current SAP Now AI Tour Southeast Asia, the partnership equips AXS with a unified, cloud-based ERP platform designed to modernise its core operations throughout finance, procurement, gross sales, and asset administration. The trouble is a part of the corporate’s pivot towards business-focused options and growth past Singapore.

“As we appeared to broaden past Singapore, we recognised the chance to modernise our legacy techniques, which had been instrumental in getting us to the place we’re, and to take us to our subsequent part of progress,” mentioned Jeffrey Goh, group chief govt and co-founder of AXS.

Develop with SAP is predicted to assist AXS be extra agile and scale extra shortly. It does so by streamlining operations to boost staff productiveness and overcome present operational bottlenecks.

Launched in 2023 for fast-growing firms, Develop with SAP goals to allow firms to quickly digitalise by way of a standardised framework and templates, and preconfigured processes.

AXS applied the platform in three months, by working with SAP companion Nirvasoft. In the course of the transition, AXS ran its legacy techniques in parallel with the brand new platform.

Now, AXS has a unified ERP platform that helps finance, gross sales, procurement, and asset administration, changing the beforehand disconnected techniques.

For the reason that rollout, AXS groups now work on a single supply of reality, with entry to real-time visibility into operations and financials. This reduces handbook processes and hurries up decision-making. Procurement and finances approval processes are extra environment friendly, and the finance staff has real-time visibility, with out having to attend to month-end.

With this digital basis, AXS says it’s higher geared up to roll out different options, comparable to AI-driven finance instruments and ship new B2B fee options.

To additional its finance modernisation efforts, AXS is making ready to combine Singapore’s InvoiceNow system and doc compliance reporting with its ERP platform.

It is usually planning to undertake SAP Enterprise AI instruments, and is exploring how automation and clever insights may help sooner processing, cut back handbook work, and enhance forecasting. 

Eileen Chua, managing director for SAP Singapore, cited AXS is an instance of how “forward-thinking firms are embracing clever, cloud-based platforms to change into extra aggressive.”