SINGAPORE, April 15, 2016 /PRNewswire/ -- Singapore-based information technology company Business IT Pte Ltd ("BiTS") has spent six months trialling its powerful open source cloud platform locally. bits.sg offers a unique cloud-based solution for small and medium enterprises (SMEs) that deploys instantly.
BiTS offers a suite of tightly integrated business applications which consolidate data across human resource management, accounting, communications, marketing, point-of-sale, inventory management and much more. The open source core merges all data into a single database seamlessly.
As the company marks the two-week anniversary of its formal launch, it can already boast support from platforms like DBS Bank's BusinessClass. Following initial success, the company has announced an extension of its free trial programme through to the end of July 2016.
According to BiTS' founder and CEO, Jonathan Lee; "Data consolidation is one of the lowest hanging fruits for companies looking to streamline and innovate, but the prohibitively high cost of enterprise software remains a barrier to entry for businesses with under 50 employees."
In Singapore, 99% of over 200,000 businesses are classed as Small and Medium Enterprises (SMEs). As they move to cope with an increasingly dynamic and competitive economic landscape in Asia, proprietors look more eagerly towards innovative technologies to bolster productivity.
Keen on supporting sustainable growth for local SMEs, Singapore has launched multiple incentive schemes to help local businesses keep pace with technical challenges. The nexus between Singapore-based SMEs pushing for global growth and local information technology integrators (many SMEs themselves) is exciting not only local talent but also global investors.
Integrated data solutions help businesses to compete in an aggressive marketplace where information is king. Products that address these issues have existed for years but have not really catered to Singapore's SME market. Available solutions have tended to be either cost inhibitive or prohibitively complex. Furthermore, hosting data overseas becomes a national security interest if done at scale. bits.sg hosts all of its data in a secure local cloud to give businesses an extra level of confidence.
As a wave of foreign solutions providers begins to penetrate the local market with software subscription services, Singapore is looking towards companies like BiTS to offer home-grown competition. Hot on the heels of Silicon Valley, Singapore is investing heavily in growing a local pool of information and data management specialists.
IT firms in Singapore are now reporting a rapid rise in demand for open source platform integration services. "This is because open source platforms give users data portability and prevent them from getting "locked in" with a single solution provider," says Lee. "Deploying enterprise-grade software typically carries a complex administrative burden that can be impossible to manage without a dedicated team of in-house IT professionals. BiTS brings powerful open source software to the masses with its simple and rapid "last mile connection" to the customer."
Adopting enterprise-grade software and infrastructure can be a costly affair. To remove the capital expense barrier bits.sg provides a pay-as-you-go service for a monthly fee of $60 per user. This represents a huge reduction on prices that typically start in the range of several hundred thousand dollars. BiTS achieves this by sharing infrastructure costs over its entire customer base, leveraging economies of scale. The innovative delivery model means that users spend under three minutes launching their own platform directly from the bits.sg website.
BiTS also offers low-cost outsourced development and integration services for businesses that have outgrown its private cloud and wish to take their investment in business intelligence and data a step further. The company prides itself on delivering an elegant and intuitive business management system that is easy for end-users to adopt. It helps businesses to consolidate data and even conduct entry level analytics in-house. As technology adoption costs fall and businesses rush to improve data management and productivity, Jonathan posits that platforms like bits.sg will benefit the SME segment in ways not previously possible.
In Singapore, a confluence of open source tools, SMEs going global and entrepreneurial spirit is driving innovative solutions like those delivered by bits.sg. As Singapore continues to push for a market place that encourages global growth for local SMEs, the search for our next success story might have gotten a little narrower.
Bits.sg is currently offering a 30-day free trial for up to 2 users on its cloud -- visit https://bits.sg
For media enquiries:
+65 67173703
press@bits.sg
