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Productivity Solution Grant (PSG) Xero Cloud Accounting Receive up to 50% funding support
As a pre-approved vendor for this grant, you can
enjoy significant savings from our solutions
As a pre-approved vendor for this grant,
you can enjoy significant savings
from our solutions
Cloud-Based Xero Accounting Solution
Manage your accounting software from anywhere
E-Invoicing
Simplify your invoicing process with Xero's E-Invoicing feature, allowing you to send, receive, and automate invoices directly within the platform, ensuring faster payments and streamlined communication with clients.
Inventory
Manage your inventory effortlessly with Xero. Track stock levels, set reorder points, and keep an eye on product profitability, ensuring that you always have the right products in stock when you need them.
Pay Bills & Expenses
Stay on top of your expenses and pay your bills with ease using Xero. Manage supplier invoices, set up recurring bills, and schedule payments to keep your cash flow under control.
Security
Protect your financial data with Xero’s advanced security features. Benefit from multi-factor authentication, encryption, and regular backups to ensure your information is safe and secure at all times.
Bank Connections &
Bank Reconciliation
Connect your bank accounts to Xero for seamless bank reconciliation. Automatically import transactions and match them to your records, reducing manual data entry and helping you keep your finances up-to-date.
Remote Access to Unlimited Users
Work from anywhere with Xero’s cloud-based platform, which offers remote access for unlimited users. Collaborate with your team in real time, no matter where you are.
Multi-Currency
Handle global transactions with Xero’s Multi-Currency feature. Automatically calculate gains and losses, send invoices, and reconcile accounts in multiple currencies, making international business simpler.
Invoice Reminders
Never miss a payment with Xero’s Invoice Reminders. Automatically send gentle nudges to clients for overdue invoices, helping you maintain a healthy cash flow without the hassle of manual follow-ups.
How does the PSG Grant benefit my business?
The PSG Grant provides significant advantages for businesses in Singapore, particularly small and medium-sized enterprises (SMEs). By subsidizing up to 50% of the costs for approved productivity solutions, the grant lowers financial barriers, enabling businesses to invest in essential technology and services. This not only enhances operational efficiency but also fosters innovation and competitiveness. Additionally, accessing these solutions can lead to improved processes, cost savings, and ultimately, increased profitability. The PSG Grant empowers businesses to modernize and adapt in a rapidly changing market landscape, ensuring long-term sustainability and growth.
PSG Grant Criteria
The PSG (Productivity Solutions Grant) in Singapore supports local small and medium-sized enterprises (SMEs) in adopting technology and improving productivity. To qualify, businesses must be registered and operating in Singapore, with at least 30% local ownership. The solutions must be relevant to their industry and approved by the government. Grants typically cover up to 50% of qualifying costs, making it easier for SMEs to innovate and enhance their operational efficiency.
How can I apply for the PSG Grant?
Applying for the PSG Grant in Singapore involves several straightforward steps. First, assess your business needs and identify eligible solutions that align with your objectives. Next, visit the official Business Grants Portal to review the available funding options and guidelines. Prepare necessary documents, including your business registration details and quotes from vendors for the proposed solutions. Once ready, submit your application through the portal, ensuring all information is accurate and complete. After submission, the relevant authorities will review your application. If approved, you can proceed with the purchase of the solutions and claim the grant afterward, following specific guidelines.
Invoice Now
With InvoiceNow, you can send invoices digitally between the accounting systems of suppliers and buyers. The invoices are automatically transmitted through a secure network, eliminating the need for manual entry.
Benefits of using Invoice Now:
1. Time-saving
2. Faster payments
3. Convenience
We are dedicated to helping SMEs transform their accounting processes with our capabilities and expertise. This involves adopting and migrating to the latest cloud-based software, recommending industry best practices, and enhancing accounting procedures to improve day-to-day operational efficiency.
frequently asked
questions
questions
Xero is a cloud-based accounting software that allows you to manage your finances, invoices, and transactions from anywhere, anytime.
The Productivity Solutions Grant (PSG) is a government initiative to support businesses in adopting IT solutions and equipment that improve productivity.
The PSG Grant offers funding support to offset the cost of adopting Xero accounting software, making it more affordable for your business.
You can apply for the PSG Grant through the Business Grants Portal. Speak to our consultant if u need further assistance
Businesses registered and operating in Singapore, with a minimum of 30% local shareholding (including new start-ups), and using the purchased solution in Singapore, are eligible for the PSG Grant.
Funding support is up to 50% of the qualifying cost.
The processing time for grant approval varies, but it typically takes around 2-4 weeks from the date of application submission
The Productivity Solutions Grant (PSG) is a government initiative to support businesses in adopting IT solutions and equipment that improve productivity.
The Productivity Solutions Grant (PSG) is a government initiative to support businesses in adopting IT solutions and equipment that improve productivity.
The Productivity Solutions Grant (PSG) is a government initiative to support businesses in adopting IT solutions and equipment that improve productivity.
The Productivity Solutions Grant (PSG) is a government initiative to support businesses in adopting IT solutions and equipment that improve productivity.
The Productivity Solutions Grant (PSG) is a government initiative to support businesses in adopting IT solutions and equipment that improve productivity.
The Productivity Solutions Grant (PSG) is a government initiative to support businesses in adopting IT solutions and equipment that improve productivity.
The Productivity Solutions Grant (PSG) is a government initiative to support businesses in adopting IT solutions and equipment that improve productivity.
We are here to
help you succeed
help you succeed
Our team of experienced consultants is on hand to discuss your goals for growth, and how we can help you achieve them.
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