Navigating the competitive world of business requires tools that enhance productivity. If your company is on the lookout for IT solutions to enhance work efficiency and streamline your operations, the Productivity Solutions Grant (PSG) is an initiative not to be missed.
Championed by the Infocomm Media Development Authority (IMDA) and Enterprise Singapore, the grant offers enterprises like yours financial assistance, propelling you to embrace transformative IT solutions. Under the grant, SMEs in Singapore can receive support for up to half of the qualifying project expenses. The costs for pre-defined packages encompass software licence, training, consultancy, and equipment services.
Among the curated range of industry-tailored and broad-based solutions that PSG supports, the AutoCount accounting software ranks as one of the popular solutions. AutoCount offers businesses an opportunity to seamlessly transition into a robust and comprehensive accounting system. Embedded with e-invoicing capabilities, it facilitates easy local and international transaction recording.
From foundational to advanced accounting tasks, AutoCount has been fine-tuned over the years with user-suggested improvements. This ensures your financial workflows are modernised for both accuracy and efficiency. So, if you’re looking to upgrade your infrastructure, now is the opportune moment for cost savings as you bolster your business capabilities.
By tapping into the accounting software grant for AutoCount, SMEs in Singapore can enjoy several benefits as follows:
In the fast-paced business landscape, it’s crucial to choose a software that grows with you and here’s how AutoCount stands out in this realm as your ideal business digitisation partner:
AutoCount offers an integrated suite encompassing Accounting, an Electronic Point of Sale System (e-POS) and e-invoicing software, and a Human Resource Payroll System. This simplifies business operations and grants firms a holistic solution to drive efficiency across departments.
Offering multiple essential software features in one PSG grant claimable package, AutoCount gives firms a cost-efficient yet comprehensive digitisation solution.
A straightforward yet powerful tool, AutoCount’s intuitive interface ensures you can manage your data from day one even if you lack prior accounting expertise.
With AutoCount, SMEs have the flexibility of starting with what they need and scaling up as they grow without the need to invest in an entirely new software system.
This PSG accounting software package allows for personalised layouts, fields, and reports. Plus, it integrates smoothly with the broader AutoCount suite, ensuring an extended range of functionalities tailored to varied industry needs.
Greater support for more sector-specific solutions and a wider range of pre-scoped solutions for businesses beyond IT solutions and equipment.
Now you get up to 50% funding from the Productivity Solutions Grant when you purchase AutoCount Accounting software V2.0.
SMEs can apply for PSG if they meet the following criteria:
From 1 April 2023, SMEs can receive up to 50% support for EDG.
Today and into the future, companies that thrive are the ones that have strong business foundations and strategies. They adopt technology, software solutions and innovative processes and grow their overseas presence.
The Enterprise Development Grant (EDG) helps Singapore companies grow and transform. This grant supports projects that help you upgrade your business, innovate or venture overseas, under three pillars:
As of 30 December 2020, Overseas Marketing Presence (OMP) will be supported under the Market Readiness Assistance Grant (MRA). Please refer here for more details.
The grant funds qualifying project costs namely third party consultancy fees, software and equipment, and internal manpower cost.
Note: There are no pre-approved vendors for the EDG.
To tap into the EDG to fund your accounting software or project, you need to meet the following criteria:
Applications will be assessed by Enterprise Singapore based on project scope, project outcomes and competency of the service provider.
There are no compulsory application fees required for schemes offered by ESG. Any application fees quoted by individuals/firms offering grant application services are not endorsed by the Government.
Eligible employers who fulfil the following criteria can also qualify for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme:
Find out how to apply for the EDG.
Note: From 1 April 2020, all EDG applications should include commitments to worker outcomes as part of the qualifying requirements. Worker outcomes include an increase in wage increment, job creation, job re-design, or training for existing staff.
In addition, unionised companies and e2i partners under the Labour Movement are eligible to receive an additional 10% funding, subject to NTUC-e2i’s endorsement.
Companies can submit multiple PSG applications based on their requirements. The grant provides for one software package per category for each deployment site. However, support also varies based on the assessment of business use and justification and will not be extended to solutions that a firm is already using.
The PSG application processing takes about six weeks after all necessary details are submitted. Businesses can purchase the AutoCount accounting software in Singapore through Ingenious in advance, but subsequent claims submitted will only be allowed if the grant application is approved.