Productivity Solution Grant

Moneyworks version 8 – Gold, Now & Datacentre is now pre-approved solution under productivity solution grant (PSG) effective 25 Jun 2020.

What is Productivity Solution Grant?

Technology is not about fancy and expensive high-end solutions. You can kick-start your technology journey by taking simple steps to automate existing processes and improve productivity. The Productivity Solutions Grant (PSG) supports companies keen on adopting IT solutions and equipment to enhance business processes.

For a start, PSG covers sector-specific solutions including the retail, food, logistics, precision engineering, construction and landscaping industries. Other than sector-specific solutions, PSG also supports adoption of solutions that cut across industries, such as in areas of customer management, data analytics, financial management and inventory tracking.

These solutions have been pre-scoped by various government agencies such as Enterprise Singapore, National Environmental Agency (NEA) and Singapore Tourism Board (STB).

As announced at Supplementary Budget 2020, PSG will be 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.

The list of readily adoptable solutions can be found on Tech Depot

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

  • Registered and operating in Singapore
  • Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
  • Have a minimum of 30% local shareholding; with Company’s Group annual sales turnover less than S$100 million, OR less than 200 employers (for selected solutions only)

Here are the steps you can take when applying for PSG:

  • Access the list of supportable solutions and identify relevant solutions that best suit your business needs.
  • For IT solutions: Get a quotation from the pre-approved vendor.
  • Submit an application on the Business Grants Portal (BGP). You will need to register for a CorpPass account to transact on the portal.

Moneyworks Pre-approved Digital Solution

Moneyworks Version 8 – Gold (1 user)

1) Software
Moneyworks Gold 1 User license

Modules include:

  • Cash Flow
  • Account Receivable/Payable
  • Billing and Invoicing
  • General Ledger
  • Purchase and Sales Order
  • Cash Book
  • Inventory Management
  • Multi-currency entries
  • Month-End Procedures
  • Free E-Invoice up to 10 transaction per month

2) Professional Services

  • Implementation
  • Integration and Automation

3) Training

Moneyworks Version 8 – Now (3 Users)

1) Software
Moneyworks Now Yearly Subscription Fee – 3 Users

Modules include:

  • Cash Flow
  • Account Receivable/Payable
  • Billing and Invoicing
  • General Ledger
  • Purchase and Sales Order
  • Cash Book
  • Inventory Management
  • Multi-currency entries
  • Month-End Procedures
  • Server based, for easy management
  • Advanced APIs for system integration

E-Invoice Link50 Yearly Subscription Plan – Up to 50 Invoices per month

2) Professional Services

  • Implementation
  • Report / Form Customisation

3) Training

Moneyworks Version 8 – DataCentre (3 users)

1) Software
Moneyworks Datacentre bundle of 3 Users license
Modules include:

  • Cash Flow
  • Account Receivable/Payable
  • Billing and Invoicing
  • General Ledger
  • Purchase and Sales Order
  • Cash Book
  • Inventory Management
  • Multi-currency entries
  • Month-End Procedures
  • Server based, for easy management
  • Advanced APIs for system integration

E-Invoice Link50 Yearly Subscription Plan – Up to 50 Invoices per month

2) Professional Services

  • Implementation
  • Report / Form Customisation

3) Training

Moneyworks Version 8 – DataCentre (3 users with integration and automation)

1) Software
Moneyworks Datacentre bundle of 3 Users license
Modules include:

  • Cash Flow
  • Account Receivable/Payable
  • Billing and Invoicing
  • General Ledger
  • Purchase and Sales Order
  • Cash Book
  • Inventory Management
  • Multi-currency entries
  • Month-End Procedures
  • Server based, for easy management
  • Advanced APIs for system integration

E-Invoice Link50 Yearly Subscription Plan – Up to 50
Invoices per month

2) Professional Services

  • Implementation
  • Integration and Automation

3) Training

Moneyworks Version 8 – DataCentre (3 users with Zoho CRM integration)

1) Software
Moneyworks Datacentre bundle of 3 Users license
Modules include:

  • Cash Flow
  • Account Receivable/Payable
  • Billing and Invoicing
  • General Ledger
  • Purchase and Sales Order
  • Cash Book
  • Inventory Management
  • Multi-currency entries
  • Month-End Procedures
  • Server based, for easy management
  • Advanced APIs for system integration

E-Invoice Link50 Yearly Subscription Plan – Up to 50
Invoices per month

2) Professional Services

  • Implementation
  • Zoho CRM Integration

3) Training