Every business strives for efficiency, cost-effectiveness, and enhanced productivity. In today’s digital world, implementing an Enterprise Resource Planning (ERP) system can be a game-changer. However, time is of the essence for business owners considering this crucial step.

On May 31st, 2024, the coverage of the Productivity Solutions Grant (PSG) program will be reduced by 20%. This government initiative significantly helps businesses adopt IT solutions like ERP by providing financial assistance. The upcoming reduction in coverage implies a higher financial outlay for businesses implementing ERP after May 31st. (subject to confirmation from the authorities)

But, why is ERP crucial for your business?

ERP goes beyond simple accounting software. It’s a comprehensive system that integrates various business functions like finance, inventory, human resources, and customer relationship management into a single platform. This translates to:

Streamlined operations: Eliminate manual data entry and repetitive tasks, freeing up valuable time and resources.

Enhanced efficiency: Gain real-time data insights to make informed decisions and optimize processes across departments.

Improved data management: Ensure data accuracy and consistency across the organization, leading to better reporting and analysis.

Cost savings: Reduce errors and redundancies, optimize resource allocation, and potentially negotiate better deals with suppliers through improved data management.

Imagine: managing your entire inventory in one place, tracking sales performance in real-time, and automating payroll processes – all within a single, user-friendly system. This is the power of ERP in action.

Here’s what you need to do before May 31st:

Get a FREE consultation with us: Our experienced consultants will assess your specific business needs and recommend the most suitable ERP solution from our comprehensive portfolio. We understand the unique challenges faced by businesses in various industries and can tailor an ERP implementation plan that streamlines your operations and maximizes your return on investment.

Explore Microlab’s proven implementation process: We take pride in our transparent and efficient implementation process, ensuring a smooth transition to your new ERP system. Our team will handle data migration, system configuration, user training, and ongoing support to ensure you get the most out of your ERP investment.

Leverage the PSG Grant and Microlabs’ expertise: As a trusted PSG partner, Microlabs can guide you through the application process and ensure you meet all eligibility criteria to maximize the grant benefits. We will work closely with you to ensure a seamless and cost-effective ERP implementation experience.

By choosing Microlabs, you gain more than just an ERP system; you gain a reliable partner dedicated to your business success.

Who is eligible for PSG?

• Registered & operating company in SG
• IT services must be used in SG
• Minimum of 30% local shareholding
• Turnover < S$100 million, OR < 200 employees

Guidelines for Government Grant Applications

For detailed instructions on applying for government grants in Singapore, refer to our article outlining the step-by-step process: Grant Application.

Ready to unlock your business potential with government grants?

• Validate your eligibility instantly – no commitment, 100% free.
• Get a personalized budget & grant consultation with our experts.
• Receive tailored recommendations for maximizing your funding opportunities.

Choose Microlabs for a journey to success, backed by our lifetime after-sales support. Contact us today!