SINGAPORE -- Chinese business management software provider Kingdee International signed a memorandum of understanding with a local organization here on Thursday to help train small and medium enterprises (SMEs) in finance and accounting.

Kingdee and the SME Infocomm Resource Center, an initiative by the Singapore Chinese Chamber of Commerce and Inudstry, signed the MOU to set up a training program for the small and medium enterprises.

Kingdee will also support the program with its own software products.

"With the introduction of the newly developed product from Kingdee, we aim to help local enterprises increase their efficiency and ease in business management. This is particularly relevant in today's market where companies, even small start-ups, are constantly seeking simpler, more efficient processes to boost productivity," said Emerlin Toh, General Manager and Director of Kingdee Singapore.

The training is also believed to be able to help the small and medium enterprises expand their business in the regional market, including China.

Kingdee is a business management software company headquartered in Shenzhen, China. Its Singapore branch is established in 2009, followed by a research and development center in the city state in 2010.