SMEs are eligible for up to 50% Productivity Solutions Grant (PSG) support for the adoption of Adaptive Pay, a Pre-Approved solution under the IMDA SMEs Go Digital programme.
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Who is a PSG Approved Vendor
To be a PSG-approved vendor, a vendor’s solution has to pass through stringent evaluations, positioning itself as a trusted partner for SMEs on their digital transformation journey, Adaptive pay is one of the few PSG-approved vendors amongst hundreds of HRMS software in Singapore.
Eligibility Requirements for PSG
Company must be registered and operating in Singapore
Annual sales turnover must be <$100M, or company must have fewer than 200 employees
IT services concerned must be used in Singapore
Company must have at least 30% local shareholding
SFEC is also available for eligible SMEs
Eligible employers can receive a one-off $10,000 SkillsFuture Enterprise Credit (SFEC) to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.
PSG is one of the SFEC-Supported Programmes, hence employers can use only up to $ 7,000 of the credit.
