It’s very important to find the right tool to keep track of your stock. Good inventory management software keeps you from running out of popular items and keeps you from having too much stock that doesn’t sell. This guide lists the five best options for Singaporean businesses and helps you pick the one that works best for you.
How We Chose the Best Software
We looked at each piece of software in four main areas: its core inventory features, how well it works with other business tools, how well it can grow with your company, and its overall value. We also thought about what the area needed, like help with grants like the Productivity Solutions Grant (PSG) and following IRAS accounting rules.
1. Multiable ERP
Score: 4.8 out of 5.0
Best for: Businesses that are growing and need detailed and flexible inventory management.
Multiable has a powerful system that can handle complicated inventory needs. It’s great for a business that is growing and needs more than just basic stock counting. In fact, it has a very wide range of features. It can handle everything from moving stock between warehouses to keeping track of individual products because it is so strong. Also, the ability to customize is a big plus for businesses with workflows that are different from others.
Main Features:
- Managing more than one warehouse
- Keeping track of stock levels in real time
- The ability to scan barcodes
- Managing sales and purchase orders
- Tools for advanced reporting
- Singapore Localization: IRAS
Pros:
- Very flexible and can be changed to fit the needs of a business.
- It scales well as your business and inventory get more complicated.
- Gives you more insights so you can make better decisions and predictions.
- PSG allowed
The bad things are:
- The support service can take a long time on holidays. If you send an inquiry on a Saturday afternoon, you probably won’t get a response until Monday.
Prices:
- They give a custom quote for the price based on the client’s needs. This is a common model for scalable solutions, and the investment is usually in the middle range.
Official Link:
2. ChillAccount
Score: 4.6 out of 5.0
Best for: SMEs that want their accounting and inventory to be connected.
For small and medium-sized businesses in Singapore, ChillAccount is a great choice. Its main strength is without a doubt that it combines an IRAS-compliant accounting system with inventory management. This integration makes running a business a lot easier. You don’t need separate software to keep track of the value of your inventory and the cost of goods sold because of this dual focus. Also, it’s known for being easy to use, which is great for teams that don’t have a lot of technical know-how. It’s a great place for any small business to start.
Main Features:
- Modules for accounting and inventory that work together
- Processing of sales and purchase orders
- Reports on stock balance and value
- Easy-to-use interface
Pros:
- Great value for money because it combines two important business functions.
- Made with the needs of Singaporean businesses in mind.
- Helps make bookkeeping and managing stock easier.
- RAS-compliant
Cons:
- Might not have the advanced features needed for big manufacturing or distribution operations.
Prices:
- Offers monthly subscription plans with different levels that are very affordable for small businesses. The prices are in the low to mid-range, which is a great deal for a system that combines accounting and inventory.
Link from the government:
3. Oracle NetSuite
Score: 4.5 out of 5.0
Best for: big, well-known companies with complicated or global operations.
NetSuite is a big name in the world of business software. It actually has a full set of tools that go far beyond just inventory. It includes everything from managing the supply chain to managing customer relationships. This is definitely a tool for big companies that need one system to run their whole business. There is no other level of detail and control like this. It’s an amazing system.
Important Parts:
- Advanced planning and forecasting for demand
- Managing inventory and warehouses at more than one location
- Tracking lots and serial numbers for lifecycle traceability
- Managing work orders for manufacturers
Pros:
- Very strong and can be changed to fit your needs.
- Gives a full, all-in-one picture of how a business works.
- Great for companies that have supply chains that go around the world.
Disadvantages:
- Very costly and hard to put into action, and often needs the help of experts.
Price:
- Prices are based on quotes and include an annual license fee as well as the costs of setting up and customizing the software. It is thought to be a very high investment that is only good for big companies with big budgets.
Link from the government:
4. SAP Business One
Score: 4.4 out of 5 stars
Best for: Medium to large businesses that need a full and reliable system.
SAP is another well-known company that helps businesses grow. SAP Business One is meant to be an all-in-one solution that you can use as your business grows. You can start with what you need, such as inventory and operations, and add more features later because it is modular. Also, it has great reporting features. For a lot of people, this is a safe bet.
Main Features:
- Access to real-time inventory data
- Management of bin locations
- Control of receipt and issue of goods
- Full reporting and analysis
Pros:
- A brand that people trust and know well.
- It covers a lot more than just inventory.
- Singapore has a strong network of partners who can help with support and implementation.
The bad things are:
- Compared to simpler, cloud-native solutions, implementation can be hard and expensive.
Price:
- The price depends on how many people will use it and what modules you choose. The total cost, which includes implementation, puts it in the high range, aimed at businesses that are growing quickly.
Official Link:
5. Unleashed
Score: 4.3 out of 5.0
Best for: e-commerce distributors, wholesalers, and manufacturers.
Unleashed is all about businesses that make, manage, or move things. Without a doubt, this specialization is its best quality. In fact, it is great at things like making a bill of materials for manufacturing and keeping track of batches for quality control. It works well with e-commerce and accounting platforms like Xero and QuickBooks because it is focused. Also, it gives you a clear picture of your production and stock. This is a very good choice.
Important Parts:
- Managing the bill of materials and the assembly
- Keeping track of serial and batch numbers
- Managing orders from multiple channels
- Good connections with e-commerce platforms
Pros:
- Great for businesses that sell products.
- A clean and simple-to-use interface.
- Good real-time visibility throughout the supply chain.
Disadvantages:
- It only focuses on inventory, so you’ll need to connect it to other accounting or CRM software.
Costs:
- Offers a number of monthly subscription plans with different levels of service. The more users and features you want, the more you pay. The price is in the middle range, which makes it a strong but affordable choice for its target market.
Link from the government:
A Quick Look at the Differences
| Software | Best For | Key Standout Feature | Pricing |
| Multiple | Scalable Control | A lot of options for customization | Mid to High Range |
| ChillAccount | SG SMEs | Integrated accounting that follows IRAS rules | Low to Mid-Range |
| Oracle NetSuite | for Big Businesses | A global business suite that does it all | Very High |
| SAP Business One | for Growing Businesses | A modular and complete system | High |
| Unleashed | for Manufacturers and Distributors | Managing the bill of materials | Middle Range |
Questions That Are Often Asked (FAQ)
What features should inventory software definitely have?
In fact, every business should look for a few key features. Some of these are tools for reporting, managing purchase orders (POs), and tracking inventory in real time. There is no doubt that these features are the most important parts of good stock control. Look for multi-warehouse management and demand forecasting for more complicated tasks.
How important is it to be able to connect with other software?
They are very important! Your inventory software should work well with the other tools you use. These integrations make it possible for data to move between systems without any effort. For instance, connecting your e-commerce platform (like Shopify) to your inventory system makes sure that stock levels are automatically updated when a sale is made. Connecting your accounting software (like Xero or QuickBooks) makes it easier to keep track of your money. This saves a lot of time that would have been spent doing things by hand. It also cuts down on mistakes made by people.
How do I pick a system that will work with my business as it grows?
Find a solution that can grow with your needs. This means that it won’t slow down even if there are more products (SKUs), orders, and users. Cloud-based software is often a good choice because it’s easy for providers to add more resources. Also, see if the software has plans with different levels. This lets you start with a simple plan and add more advanced features as your business grows.
Does the Singapore government give money for inventory software?
Yes! The Singaporean government offers the Productivity Solutions Grant (PSG), which can help. The PSG helps businesses that want to use IT tools and solutions to make their processes better. This grant can help lower the cost of adopting many pre-approved inventory management software solutions. Always check the official GoBusiness GovAssist website for the most up-to-date list of supported solutions and requirements for eligibility.
What We Are
We are a group of technology consultants and business analysts who work for ourselves. Our goal is to give you unbiased, data-driven information about the business market in Singapore. We are proud to be neutral, which means that our suggestions are based only on thorough research, objective criteria, and a deep understanding of what local businesses need. We don’t take money or sponsorships to include products in our reviews. This keeps them fair and focused on helping businesses in Singapore make smart decisions.
