Altec in the News
Altec and Accel Works Partner to Enhance Enterprise Digitalization in Southeast Asia
The partnership will engage SMEs in Singapore, Indonesia, and Malaysia to automate business processes and improve information flow throughout the enterprise leading to increased operational and resource efficiency
Singapore, November 10, 2022 – Altec, a leading provider of enterprise content platform and process automation solutions and Accel Works, a professional services and IT solutions firm, have entered a strategic partnership to help small to medium enterprises (SMEs) in Southeast Asia to transform their operations by automating tasks in every department, including accounting, legal and HR. The new partnership would allow for the exclusive distribution of DocLink, a document management and business process automation solution, that aims to transform and accelerate the digitalization journey of SMEs; helping them capture and manage their data and streamline business processes.
Beginning with Singapore, Indonesia, and Malaysia in the Southeast Asia region, DocLink will serve as a digital platform that is accessible both on-premise and in the Cloud to support today’s hybrid workforces. The solution’s tight ERP integration also allows organizations to track and access documents wherever they are; control information throughout the entire document cycle; schedule and automatically distribute documents with supporting documentation; and simplify capturing documents with AI-driven optical character recognition capabilities. DocLink helps companies connect their people and processes to their data and increase competitive advantage, deliver tangible business impacts including faster approval cycles, as well as reduce human errors.
“In Southeast Asia, 71 million MSMEs account for 97% of all businesses, each with accelerated digitalization strategies supporting today’s hybrid workforce in the post-pandemic era. As a result, there is a ‘mobile-first workforce’ strategy in the region and business leaders are turning to contemporary digitalization strategies to support this new business model. By partnering with Accel Works, we want to assist SMEs in Southeast Asia as they embark on or extend their digitalization strategy by taking full advantage of our document and process automation capabilities,” said Don Howren, President and Chief Operating Officer for Altec.
Digital solutions that allow day-to-day work to be completed seamlessly and remotely have become ever more crucial. A recent study found that 85% of people said they spent time searching for documents throughout the workday, and 60% said they waste more time searching for information than answering email. With this in mind, three in five SMEs in the region plan to continue digitalizing and leveraging solutions to achieve greater access, visibility and control over their data and documents while improving process for their employees, customer, and suppliers.
Regulators have also taken notice of the rapid adoption of digital solutions. In fact, the Singapore government has a range of initiatives and policies in place to help SMEs automate existing processes, such as the Productivity Solutions Grant (PSG). This makes it attractive for business leaders to pursue their digitalization initiatives at a subsidized cost. Under Budget 2022, an additional S$600 million will be set aside over the next 4 years under the PSG for SMEs, as part of a suite of measures rolled out to support Singapore’s enterprise ecosystem.
“Increased digitalization within the region has brought about demand for leading digital solutions that offer customers a way to respond and remain competitive in today’s digital economy. We are proud to be the regional distributor for DocLink, sharing the same vision of delivering innovative solutions to organizations in the region, especially SMEs, as Singapore moves towards digitalization. The partnership will elevate solution offerings from Accel Works, as we continue to strive towards solutions and professional services that enhance business process operation of our customers and aid them in their digital journeys,” said Desmond Aw, CEO at Accel Works.
Earlier this year, Altec was acquired by Beyond Limits, an industrial and enterprise-grade AI software company built for the most demanding sectors. The acquisition further bolsters Beyond Limit’s strategic partnerships and integrations focused on digital transformation and AI-readiness in key sectors around the world. Tapping into Beyond Limits’ cutting-edge AI technology, strategic partnerships and integrations, Altec will continue pushing forward digital transformation and AI-readiness with DocLink in key sectors of Southeast Asia.
“Altec’s strong industry position, unique product offerings, and loyal customer base provide new product and market opportunities, as well as transformational capital for furthering Beyond Limits’ growth in the region. Its technology and approach to streamlining digital operations naturally fits into our philosophy, and Altec is allowing our Cognitive AI solutions to deepen our aim of allowing faster and more efficient decisions, and manage risk while driving profitability.” said Leonard Lee, APAC President at Beyond Limits.
Further to this partnership, Altec will work in collaboration with Oak Consulting, Singapore-based cloud solutions and consulting partner wholly owned by Beyond Limits. Altec will partner with Oak to utilize DocLink to streamline business processes across all departments for their customers.
About Accel Works
Accel Works Worldwide Pte Ltd was set up in 2022 to focus on providing value added Professional Services and IT solution that will assist customers to enhance their business strategy and operation through our professional services and digital solution. Accel Works was originally Application Solution Department from Wiz Technologies (S) Pte Ltd, which provides IT solution and services since 2007 across Asia.
Acquired by AI leader Beyond Limits in February, 2022, Altec delivers its powerful content and process automation platform DocLink, which helps companies save important time and money through better data management. Using DocLink, companies can digitize their documents and data in ANY department – AP, AR, HR, legal/contracts, IT and more, as well as automate workflows and streamlining vital business document processes. Taking everything digital results in a paperless and touchless environment that allows for faster approvals, less data entry, and reduced human errors. Thousands of companies globally use DocLink on-premise, in the cloud or in hybrid environments. Altec enjoys strong, collaborative partnerships with many ERP providers including Acumatica, Amtech, Epicor, Key2Act, Microsoft, Sage, and SAP B1. Learn more at www.altec-inc.com.