Every business owner that is serious in operating at a higher level will know that having an Enterprise Resource Planning (ERP) solution is crucial to any functioning business. With the government’s support, SMEs looking to adopt such solutions for their company can enjoy up to $30,000 in grants! However, with so many types of ERP solutions, how do you know which solution is best for your company?
SAP Business One Capabilities
Introducing SAP Business One, the viable solution to all your business needs. It is an all-in-one business management software solution designed for small to medium-sized enterprises (SMEs). It provides a complete set of tools to manage various aspects of a business, including finance, sales, customer relationship management (CRM), purchasing, inventory, production, and project management.
The software is designed to help businesses streamline their operations and improve efficiency by providing real-time insights into key business metrics like your financials and inventory. This allows businesses to make informed decisions and adapt to changes in the market quickly.
As SAP Business One is a modular system, it allows businesses to customize the software to meet their specific needs and add additional functionality as they grow and their needs change. Think of it this way: You can have access to the core modules of SAP Business One as a start-up company, and subsequently upgrade to the comprehensive version once your company has expanded and has more headcount.
The software also offers built-in reporting and analytics capabilities, allowing businesses to generate reports and dashboards that provide a comprehensive view of their operations. These reports can be customized to meet specific business needs and can be accessed from any device with an internet connection.
One of the key benefits of SAP Business One is its integration capabilities. The software can be integrated with a range of other business applications, such as e-commerce platforms, CRM systems, and accounting software, allowing businesses to consolidate their data and streamline their operations.
Government Funding Support (PSG)
The Singapore government provides various grants and funding programs to help businesses in the country adopt technology solutions that can improve their productivity and competitiveness. One such program is the Productivity Solutions Grant (PSG).
The PSG is designed to support businesses in their adoption of pre-scoped IT solutions and equipment that can enhance productivity. SAP Business One is one such solution that is eligible for the PSG grant.
Under the Productivity Solutions Grant, eligible businesses can receive funding of up to $30,000 (up to 50% of total cost) for these ERP solutions. This can help SMEs in Singapore to reduce their upfront investment costs and make the solution more accessible to them.
To be eligible for the PSG grant, businesses must be:
- Registered and operating in Singapore & have a minimum of 30% local shareholding.
- Company’s Group Annual Sales Turnover of not more than S$100 million, or Company’s Group Employment Size of not more than 200 workers.
- Purchase/lease/subscription of the Equipment or IT Solution must be used in Singapore.
To apply for the PSG grant, businesses can visit the Business Grants Portal and submit an application. The process typically involves providing information about the business, the proposed solution, and the expected outcomes.
How MPS Solutions Can Help You
We are an IMDA certified Pre-Approved Solutions Vendor and certified SAP Silver Partner for SAP Business One. With a team of SAP B1 consultants and web developers experienced in various industries and verticals, you can be assured of a smooth integration onto SAP Business One. We also specialize in e-commerce integration with our proprietary e-commerce platform integration APIs.
Phone: +65 6846 9109