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SMEs in Singapore are eligible for up to 50% Productivity Solutions Grant (PSG) support for the adoption of ERP and accounting software solutions like Sage 300cloud. As a PSG pre-approved vendor, Acsolv Consult helps businesses streamline their operations with trusted, pre-approved software that aligns with IMDA’s SMEs Go Digital programme.
Applying for the Productivity Solutions Grant (PSG)? Here’s how to ensure a smooth process:
Identify your business’ operational challenges.
Make sure your business meets the PSG grant criteria, such as the required local shareholding and employee limits.
Partner with a PSG pre-approved vendor like Acsolv Consult to receive a tailored quotation for PSG grant accounting software.
Log in to the BGP and provide all necessary documentation. Upon the approval, implement the PSG ERP solution and submit the required claims for funding support.
Criteria | PSG-Approved ERP Solutions | Non-Approved ERP Solutions |
---|---|---|
Grant Eligibility | Eligible for up to 50% PSG funding | Not eligible for PSG support |
Vendor Approval | Pre-approved by IMDA and Enterprise Singapore | No official endorsement |
Security & Compliance | Vetted for data protection, scalability, and compliance | May lack standardised vetting |
Application Process | Faster approval with verified credentials | Slower approvals and limited guidance |
Support & Guidance | Full assistance through grant and claims process | Limited or no grant-related support |
To qualify for the PSG grant, businesses must meet the following eligibility criteria:
If your business meets these criteria, you can apply for PSG ERP solutions to improve your operations.
To apply for the PSG ERP package, follow these simple steps:
Assess your business needs to find suitable PSG ERP solutions. Visit the GoBusiness Gov Assist website for a list of pre-approved solutions. For IT solutions, like Sage 300, request a quotation from a PSG pre-approved vendor.
Choosing the PSG ERP solutions offered by Acsolv Consult comes with several benefits:
As a PSG pre-approved vendor, Acsolv Consult provides comprehensive guidance throughout the grant application and claims process. Here’s how we assist:
We simplify the application journey for businesses by offering a detailed guide tailored to the PSG process.
1. Eligibility check to ensure compliance
2. Assistance with Business Grants Portal (BGP) portal submission
3. Application processing within 4-6 weeks (subject to document completeness)
We ensure all paperwork is in order, avoiding delays during the approval process.
• ACRA business profile
• Audited financial statements
• Quotation for PSG grant accounting software (e.g., Sage 300))
• Proof of implementation (for claims submission)
Once your grant application is approved, we guide you in submitting claims through the BGP.
• Verify implementation milestones
• Ensure compliance with Enterprise Singapore guidelines
• Disbursement process typically 1-2 months upon complete submission
Tailored solutions for industries such as retail, construction, logistics, and food services. These PSG ERP solutions help businesses in these sectors operate more efficiently.
Broad solutions designed to enhance productivity across different sectors. These include accounting software, customer management systems, and inventory management tools, like the Sage 300 ERP offered by Acsolv Consult.
Acsolv Consult is proud to be a PSG pre-approved vendor for implementing Sage 300cloud software. This designation highlights our commitment to delivering innovative solutions that align with Enterprise Singapore’s vision for business productivity enhancement.
Eligible businesses can receive up to 50% funding support for implementing pre-approved digital solutions like Sage 300cloud. This financial assistance is aimed at reducing upfront costs, enabling SMEs to adopt advanced technologies and achieve sustainable growth.
The PSG grant accounting software can help streamline your business’s financial processes. This reduces manual work and minimises human error. Pre-approved digital solutions under the PSG, enable your business to manage invoices, reports, and transactions efficiently.
Additionally, with PSG funding support, you can offset a portion of the implementation costs. This gives you the freedom to upgrade to cutting-edge software while keeping expenses low.
While PSG cannot be stacked with certain other grants for the same solution, some businesses may be eligible for other Enterprise Singapore or IMDA funding. It’s best to consult with our team for your specific scenario.
There is no specific deadline to apply for the PSG grant accounting software. However, the service must conclude by a certain date and the application must be submitted within a stipulated time period for successful claims.
No, the Productivity Solutions Grant (PSG) itself is not taxable. However, any benefits received from the grant, such as the subsidy provided for the purchase of the PSG grant accounting software, may need to be accounted for in your financial reporting.
No, PSG covers a wide range of digital solutions beyond accounting, including customer management, inventory tracking and integrated ERP systems.
A PSG pre-approved vendor is recognized by Enterprise Singapore as a trusted provider of digital solutions. Choosing a pre-approved vendor like Acsolv ensures compliance and increases grant approval chances.
Only solutions listed on the GoBusiness portal by PSG pre-approved vendors qualify. Acsolv’s Sage 300 ERP solution is one such approved product.
The average review timeline is 4 to 6 weeks, depending on documentation accuracy and submission volume. Working with a pre-approved vendor helps avoid delays.
With our new and advanced Sage 300 ERP system Singapore, every month approximately 20 to 30 hours are saved in accounting operations, and, hence, revenue is increased.
Acsolv Consult is the only award-winning software company specialist in Sage 300 . As the premium Certified Consultant and empowered Sage Business Partner, we promise to improve the operational and financial efficiencies.
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