What is SMEs GO DIGITAL?

The SMEs Go Digital programme aims to help SMEs use digital technologies and build stronger digital capabilities to seize growth opportunities in the digital economy. Building on the foundation of Enhanced iSPRINT, SMEs Go Digital has a more structured and inclusive approach towards the adoption of digital technologies by SMEs.

Eligibility of PSG Grant

Xero Accounting Software customers may be eligible for up to 70% government subsidy with PSG when they purchase a one-year subscription and migrate their data to the cloud solution. What is the eligibility criteria for Productivity Solutions Grant (PSG)

• Business entity that is registered/incorporated in Singapore
• At least 30% local shareholding
• Purchase/lease/subscription of the Equipment or IT Solution must be used in Singapore

How do company apply for the PSG (detail steps)

To apply for the PSG, companies will have to:

1. Visit Tech Depot to access the list of supportable solutions and identify relevant solutions that they may want to procure
2. Obtain quotations from Cloud Accounting Pte Ltd. IT solutions and vendors have been pre-qualified under the grant
3. Company should not have signed any contract or made any payment before submitting the PSG application
4. Submit an application on the Business Grants Portal (BGP) at www.businessgrants.gov.sg. Companies will need to have a CorpPass account to transact on the BGP

What is Business Grants Portal?

Business Grants Portal (BGP) is a one-stop portal for businesses to apply for government grants. This paperless system allows entities to find the grants they need with ease, enjoy a convenient form completion process, and reduce the time spent on applications. If the company has yet to register for a CorpPass Administrator account, please visit www.corppass.gov.sg. After successful registration, users need to be assigned the e-Service access to the BGP in order to submit their grant application.

Acceptance of Letter of Offer

How does a company accept the Letter of Offer upon approval of application? Click here for a step-by-step guide. If the individual who submitted the application on behalf of the company has left, how do I accept the Letter of Offer? Any personnel assigned as a BGP user in the company and given a Preparer or Acceptor role by the company’s CorpPass Administrator can accept the Letter of Offer. Contact details of the new user should be updated in the BGP.

How many claims can a company submit per application, and can claims be disbursed before the project has been completed?

There can only be one claim per approved application. For claims submission, company needs to ensure:

• Claimant has purchased/leased/subscribed to the solution as approved in the application; and
• Claimant has used the solution; and
• Claimant has paid for the solution in full; and
• Claimant has submitted all claim documentation

Can I grow my Xero Cloud Accounting solution so that it scales with my business?

Yes, you can. The Xero solution is a flexible one, and provides an effective accounting service for small businesses in Singapore and beyond, even as they grow. Head to the Xero app marketplace and find a suite of applications that you can add on to your solution to make it as effective as possible.

How will the PSG grant disbursement take place?

Disbursement of the PSG grant will be credited directly to the company’s bank account through GIRO. The completed GIRO form must be verified by the company’s bank and submitted to ESG before the company’s claim request. For multiple claims, the GIRO form is only required during the submission of the first claim. The company will need to submit a new GIRO form if there are changes to the company’s account details.

What is the processing time for claims disbursement?

Claims are processed within 4-6 weeks from the submission of all required information. Companies are encouraged to submit their claims after they have fully deployed, providing documents to show use of the solution for at least one month. Incomplete submissions will result in delays.

How will I be notified of the claims disbursement?

An email will be sent to the email address stated on the BGP to confirm the transaction.