KarenSoft targets furniture makers The Sun, TheEdge FinancialDaily, Tuesday, July 20, 2004 KARENSOFT Technology Bhd is targeting RM50 million in sales of its extended enterprise resources planning (ERP2) solution to the 2,000 members of the Malaysian Furniture Entrepreneurs Association (MFEA) over the next three years. KarenSoft executive chairman Chee Chong Hwa estimated that at least 10% of MFEA members would have the budget to implement the KarenSoft ERP2 solution costing between RM 150,000 and RM250,000. He said KarenSoft's ERP2 solution would help furniture manufacturers increase their global competitiveness by improving their management of customer relationship, supply chain, and financial and human resources. "The adoption of KarenSoft ERP2 solution encourages and enforces enterprise-wide integration, avoiding work duplication,"he said at a memorandum of understanding (MoU) signing between the company and MFEA in Shah Alam yesterday. Chee said the Mesdaq Market-listed company was eyeing other trade bodies to provide similar ERP2 solutions. MFEA would collaborate with KarenSoft to introduce the ERP2 solutions to its members under 11 state furniture associations. MFEA committee member and the Kuala Lumpur and Selangor Furniture Entrepreneur Association first vice president Steven Tan said members who were interested in implementing the KarenSoft ERP2 solution could apply for small- and medium-enterprise loans.