As COVID-19 ripped through the Singapore economy, the business sector especially SMEs also being impacted. The government supports and equips them with the tools and support to get through this. To help SMEs stay competitive in the market, the Infocomm Media Development Authority (IMDA) has launched the SMEs Go Digital Programme with Productivity Solutions Grant. This program aims to assist SMEs in adopting technology to increase sales and productivity and streamline their operational processes.
What is a Productivity Solutions Grant?
The Productivity Solutions Grant (PSG) is a grant that enables companies to adopt IT solutions and equipment. PSG offers a range of solutions to improve business and the solutions can be applied to all sorts of industries such as retail, food and beverages, logistics, precision engineering, also construction and landscaping. Furthermore, it enables SMEs to begin their digital digital transformation at the company with little to no budget, since there is financial assistance.
This grant has a maximum funding support level of 100%. HashMicro, as one of ERP solutions providers in Singapore and Indonesia gains the trust from the government of Singapore to become one of the solution provider vendors. With several types of packages to choose from in the industry, HashMicro has different price variations.
Who is Eligible for Productivity Solutions Grant Funding?
The PSG maximum support level has been enhanced up to 100%. To qualify for the grant, a business needs to register and operate in Singapore, owns less than $100M in yearly revenue and has a minimum of 30% local shareholding. If you meet these requirements, then you are the perfect eligible candidate to claim up PSG up to 100%!
If your business requires a set of multiple digital solutions, it is better to sign up with a PSG vendor that provides a full suite of services. HashMicro provides several ERP Solution packages based on the number of users, such as:
- Sales, Inventory, Accounting, Purchasing (10 Users)
- Sales, Inventory, Accounting, Purchasing (20 Users)
- Sales, Inventory, Accounting, Purchasing (30 Users)
- (Sales, Inventory, Accounting, Purchasing) + Manufacturing (20 Users)
- (Sales, Inventory, Accounting, Purchasing) + Manufacturing (30 Users)
Businesses can choose from a list of pre-scoped solutions eligible to their sectors. SMEs can add modules other than those mentioned above. However, the software will be charged normally because it is not included in the PSG deal that has been determined.
Improve your business efficiency and productivity to the highest level with the best ERP Solution from HashMicro. As a business consultant, we are more than happy to assist the SMEs with guidelines for applying for the PSG.