Pre-approved solution

The Productivity Solutions Grant (PSG) provides SMEs up to 50% subsidy for pre-approved ERP solutions. This is one of the ways that the Singapore Government encourages local small-to-midsize enterprises (SME) to adopt IT solutions for process enhancements and automations, in bid to improve SMEs’ productivity and revenue. Nevertheless, do you really need PSG for ERP solutions?  Table of Content The Misconception Lower Qualifying Costs Under PSG Higher Out-of-Pocket Investment Risk of Not Being Qualified Recommendation The SMEs Go Digital program was launched by Infocomm Media Development Authority (IMDA) to help SMEs build stronger digital capabilities and capitalise opportunities for growth. IMDA’s pre-approved IT solutions are supported under PSG. 1. The Misconception “Since there is grant subsidy, pre-approved ERP solutions must…