PSG – Productivity Solutions Grant
The Productivity Solutions Grant (PSG) is a grant that supports companies to adopt pre-approved IT solutions to enhance their productivity and digital capabilities. IT Infinity’s SAGE 300 Cloud Version 2020 ERP and Opensoft HRMS Solution are Pre-Approved IT Solutions under the PSG scheme.
Up to 98% grant
SMEs can claim 80% grant under PSG. As for the balance, 90% can be further funded under the Skills Future Enterprise Credit (SFEC) scheme. Altogether, the total funding for SAGE 300 ERP and Opensoft HRMS Solution is 98%.
Digital Resilience Bonus
Up to $10,000 Bonus GrantThe Digital Resilience Bonus (DRB) is available to help Food Services and Retail enterprises uplift digital capabilities, drive business growth and efficiency.* *To qualify for DRB, your enterprise must be: (i) incorporated on or before 26 May 2020 with a Food Service or Retail SSIC code and (ii) using the digital solutions between 1 June 2020 and 30 June 2021.
SAGE 300 ERP
* Claim up to 98%
As a powerful enterprise data warehouse, SAGE 300 also provide reporting and data analysis for company management to make informed decisions.
* Claim up to 98%
OpensoftHR is a complete package that includes the following software:
- Payroll software
- Leave Management application
- Claim & Expenses Management
- Employee Management
- Employee Self Service
- Performance Appraisal
- Additional supporting modules
* One time grant payment of $200 (per UEN) supported by IMDA
Unlike PDF invoices that first need to be emailed and then require manual data entry, an e-invoice can be sent directly from your accounting system into the recipient’s accounting system.
This means no manual entries and it even works between two different accounting systems.
Are you eligible?
Companies can apply for PSG if they meet the following criteria:
- Registered and operating in Singapore
- Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
- Have a minimum of 30% local shareholding (for selected solutions only)
Each company has a grant cap of S$30,000 per financial year for adopting pre-approved IT solutions under the PSG scheme.
To qualify for SFEC, companies must meet the following criteria:
- Have contributed at least S$750 Skills Development Levy over the period*
- Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period*
- Have not been qualified at any of the earlier periods*
- 1 April 2019 – 31 March 2020
- 1 July 2019 – 30 June 2020
- 1 October 2019 – 30 September 2020
- 1 January 2020 – 31 December 2020