Grants

Productivity Solutions Grant

The Productivity Solutions Grant (PSG) is a grant that supports companies to adopt pre-scoped, pre-approved IT solutions to enhance their productivity and digital capabilities. Both Sage 300 Solutions and Opensoft HRMS Solutions are Pre-Approved IT Solutions under the PSG scheme.

newPSG + SFEC Funding Schemes

  1. PSG provides SMEs up to 80% grant support for their purchase of pre-approved solutions. *

  2. Eligible employers for SkillsFuture Enterprise Credit (SFEC) can further receive a one-off $10,000 credit to cover up to 90% of the out of pocket expenses on qualifying costs.

* As announced at Budget 2021, the enhanced maximum support level of up to 80% will be extended from 30 September 2021 to 31 March 2022.

Sage 300 Solutions

Sage ERP 300 Accpac Software & Support

Eligible for PSG and SFEC Funding

Sage 300 is a Pre-Approved IT Solution under the PSG scheme. In addition, eligible employers for SkillsFuture Enterprise Credit (SFEC) will receive a one-off $10,000 credit to cover up to 90% of the out of pocket expenses on qualifying costs.

Benefits of Sage 300

Sage 300 is an ERP solution which integrates all key business processes (accounting, operations, inventory, project and vendor management, sales, marketing, customer service) into a central platform that makes processes seamless and improves workflow and productivity.

Sage 300 also supports InvoiceNow – a nationwide E-invoicing method that speeds up invoicing and payments between companies.

As a powerful enterprise data warehouse, Sage 300 also provide reporting and data analysis for company management to make informed decisions.

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Contact us to find out more about government grants or to request for software demonstration.

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InvoiceNow (PEPPOL E-Invoicing)

PEPPOL (Pan-European Public Procurement On-Line) is a digital invoicing and payment technology that enables companies with PEPPOL-ready accounting systems to issue electronic invoices and receive electronic payments from each other. This digital invoicing and payment process cuts down time and cost of processing invoice and sending payment.

Singapore’s nationwide PEPPOL e-invoicing infrastructure is known as InvoiceNow. The Sage 300 accounting system supports InvoiceNow PEPPOL e-invoicing, and companies using the Sage 300 solution can immediately enjoy the benefits of digital invoicing and payments.

Sage 300
Ensure faster invoice processing and payment with Sage 300 accounting system that supports InvoiceNow.
Sage 300 lets you send an e-invoice into the recipient’s PEPPOL-compliant accounting system instantly.

Sage 300 is a pre-scoped IT solution approved for funding under the PSG scheme.

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Opensoft HRMS

Eligible for PSG and SFEC Funding

OpensoftHR is a pre-approved IT solution under the PSG grant scheme. Additionally, eligible employers for SkillsFuture Enterprise Credit (SFEC) will receive a one-off $10,000 credit to cover up to 90% of the out of pocket expenses on qualifying costs.

With these funding schemes, it is now very affordable for SME to upgrade their HR software, automate manual processes and speed up their workflow.

Opensoft HRMS PSG package
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
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Are you eligible?

SMEs 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; with Company's Group annual sales turnover less than S$100 million, OR less than 200 employees (for selected solutions only)

Eligible employers who fulfil the following criteria can also qualify for additional subsidies under the SkillsFuture Enterprise Credits (SFEC) scheme:

  • Have contributed at least S$750 Skills Development Levy over the qualifying period
  • Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period
  • Have not been qualified for SFEC at any of the earlier periods
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