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 50% grant to support 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.

Sage 300 Solutions

Grant-Supported Solution

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.

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.

InvoiceNow with Sage 300
Learn More

Bonus for All Companies:

Enjoy $200 transaction bonus with InvoiceNow e-invoicing grant
All businesses can enjoy a $200 transaction bonus (InvoiceNow Transaction Bonus – ITB) for the first 10 e-invoices sent via Sage 300 InvoiceNow. All you need is a simple one-time registration: www.go.gov.sg/register-itb

Grants for Qualified Enterprises:

$70000 grant for InvoiceNow integration
Besides boosting the productivity of their finance operations, large enterprises that implement InvoiceNow on their accounting systems can enjoy grants up to a total of $70000 to defray their investment in e-invoicing. This total quantum is based on two schemes, namely the LEAD Connect Grant and LEAD Transaction Grant.

$30k LEAD Connect Grant

LEAD Connect provides a $30k fixed grant for enterprises to implement InvoiceNow on their own finance/ ERP solution.

$40k LEAD Transaction Grant

This grant provides up to $40k to large enterprises who meet the minimum number of transacting business partners on the InvoiceNow network.

Opensoft HRMS

Grant-Supported Solution

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
Learn More

PSG Eligibility


Who can apply?

Business entities can apply for PSG if they meet the following criteria:

  • Registered and operating in Singapore
  • Purchase/lease/subscription of the IT solutions/equipment/consultancy service must be used in Singapore
  • (For selected solutions only) Have a minimum of 30% local shareholding
  • (For consultancy service solutions only) Have at least three local employees at the point of application
How to apply and submit PSG claims?

4 steps:

  1. Access the list of supportable solutions eligible for your sector and identify relevant solutions that best suit your business needs.
  2. For IT solutions: Get a quotation from the pre-approved vendor
    For Equipment: Source for the equipment and get a quotation from the vendor
    For Consultancy Service: Get a quotation from the pre-approved consultant
  3. Submit an application on the Business Grants Portal (BGP).
    You will need to register for a Corppass account to transact on the portal.
  4. Submit your grant claim on the BGP before your claim due date.

SFEC Eligibility

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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