Save on Xero with the Productivity Solutions Grant

Receive up to 80% funding support via the Productivity Solutions Grant (PSG) when you adopt Xero via a pre-approved PSG vendor.

What is the Productivity Solutions Grant?

A joint initiative by the Infocomm Media Development Authority (IMDA) and Enterprise Singapore, the Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes.

PSG supports the adoption of solutions that cut across industries, such as in areas of customer management, data analytics, financial management and inventory tracking.

Announced at Supplementary Budget 2020, PSG has been enhanced to encourage enterprises to continue their digitalisation and productivity upgrading efforts. The maximum funding support level will be raised to 80% from 1 April 2020 to 31 December 2020.

Who is eligible for the PSG?

SMEs can apply for the PSG if the meet the following criteria:

Registered and operating in Singapore
Subscription of the IT solutions or equipment must be used in Singapore
Have a minimum of 30% local shareholding (for selected solutions only)

PSG-approved Xero partners

See the list of Xero partners who are pre-approved for offering their Xero services with PSG

361 Degree Consultancy

Helping SME to achieve their dreams is our passion! You will receive our personal attention and all inquiries are usually responded within 2 hours by our friendly consultants.

We specialized in setting up your Xero in a quick and smooth manner and provide training & support tailored to your needs. We are a team of not-so-conventional accountants & cloud integrators who constantly challenge the status quo, eliminate operation hiccups by deploying multiple solutions in the ecosystem. You may also rely on us on applying government grants to defray up to 98% of the cost for subscription, setup, training & support. There are 3 grants that you may tap on, PSG, SFEC & E-invoice grant. We have implemented software solutions for more than 1,500 businesses in South East Asia since 2008.

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Abundant Accounting

Enjoy up to 80% subsidy including 1 year licence, set up and training by professional accountants.

Our experienced chartered accountants are certified Practising Management Consultants (PMC) and have more than 20 years of accounting, audit, tax and project management experiences in MNCs and SMEs.

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Accounts 101

We work with client closely so that they are involved in the process of going cloud. We believe that every client is different and therefore, solutions are customise to each client with the same goal of improving business processes.

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Advante Consulting Pte Ltd

Advante is a team of qualified and dedicated professionals who leverage on technology to provide a full range of services to assist you to ✔ meet your regulatory obligations; ✔ streamline your business processes; and to ✔ GROW your business. Our services include company incorporation, company secretarial, book-keeping, accounting, taxation, payroll processing and human resource services.

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Beaufort Corporation

3 steps of switching to Xero:

We conduct data migration & set up templates such as invoices, bills, reminders & statements of accounts
We provide training on daily use of Xero
We implement real-time Dashboards, KPI's & Reporting so you can make proactive decisions as a business owner

The extra bit? We highlight your business’ financial performance & make recommendations to improve cashflows & financial health for your business growth. As App Advisors, we also make recommendations on suitable add-on apps for your business & help you to apply government grants to defray cost of software subscription & implementation.

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CFO Accounts & Services

CFO Accounts & Services deploys highly qualified and internationally-experienced accountants to provide you a professionnal, personalised and prompt accounting services to serve your needs.

You will always be compliance-ready when we give you transparency, quick response & real-time access to your account info.

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Cloud Accounting & Consultancy

Pride ourselves as the #1 Trusted Xero Certified Accounting Firm in Singapore, we help businesses to integrate and streamline their existing accounts with unique Xero software. Cloud Accounting and Consultancy Pte. Ltd. is led by committed and certified accountants, aiding all entrepreneurs through a smooth and cost savings transitions to Xero.

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W.L.P

W.L.P Pte Ltd is a Singapore-based firm that provides professional business incorporation, accounting, tax and business advisory services for start-ups and small medium enterprises.

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YOIO

"You Only Integrate Once"

Founded by two accountants with a common goal to empower small-to-medium enterprises with technology. With our accounting expertise and an eye for technology, we are well equipped to take charge of your accounting and recommend suitable cloud solutions that match your business. Working with business owners, we understand the underlying challenges they face when working with multiple cloud systems. “How to set up and integrate for their business” and “Inadequate knowledge of the cloud systems” are challenges faced by a business owner. YOIO is set up to help business owners tackle these challenges.

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Please note, Xero does not guarantee the service of any one advisor.

We do not review advisor listings and we do not recommend or guarantee the service provided by any one advisor, so make sure you check them out yourself and get comfortable with them yourself.

Xero does not assess any individual advisor’s or firm’s proficiency as an accountant, bookkeeper or financial advisor.

How to apply for the PSG with Xero

Step one: Get a quotation from a pre-approved Xero vendor.

Step two: Submit an application on the Business Grants Portal (BGP). You will need to register for a CorpPass account to transact on the portal.

Are you an accountant or bookkeeper in practice?

If you would like to learn more about how your practice can become a pre-approved ICM vendor for Xero's accounting software, start by attending IMDA's monthly Vendor Briefings, where SGTech will share more information on the SMEs Go Digital programme. Refer to IMDA's website for more information.

It is up to your practice how you would like to structure your Xero PSG package to suit the requirements of the grant. It can include the cost of the Xero subscription, setup, training and/or implementation.

You can also email us at asia.partner@xero.com or speak with your Xero account manager to learn how Xero can assist you with your application to become a pre-approved vendor under the PSG.

Frequently asked questions

For the latest information about the PSG and answers to more FAQs, click here.

More grants for Singapore businesses

E-invoicing Registration Grant (ERG)

Xero connects to the Peppol E-invoicing network in Singapore to speed up your invoicing process.

The Infocomm Media Development Authority (IMDA) of Singapore announced the E-Invoicing Registration Grant that provides businesses with a one-time payment of S$200 upon first registration to the Peppol network.

Learn more