Unlock Digital Growth with Xero & the Productivity Solutions Grant (PSG) – Get up to 50% Grant Support for Xero
In an increasingly digital business world, small and medium enterprises (SMEs) in Singapore are gaining a powerful opportunity to transform their accounting and financial workflows. Through the collaboration between Xero and the Productivity Solutions Grant (PSG), businesses can tap into up to 50 % funding support when adopting cloud-based financial management tools.What is the PSG?
The Productivity Solutions Grant is a joint initiative by Infocomm Media Development Authority (IMDA) and Enterprise Singapore (ESG) designed to help local companies adopt IT solutions and equipment that enhance productivity. Eligible SMEs must:- Be registered and operating in Singapore
- Use the adopted solution or equipment in Singapore.
- Have at least 30% local shareholding.
- Have either annual sales turnover ≤ S$100 million or ≤ 200 employees.
Why choose Xero for your accounting digitalisation?
Xero is one of the leading cloud-accounting platforms tailored for SMEs. With its ease of use, strong ecosystem and cloud capabilities, it allows businesses to:- Automate bookkeeping and reconciliation
- Access real-time financial data from anywhere
- Collaborate with accountants and advisors in the cloud
- Scale as the business grows
How the PSG + Xero application process works
- Obtain a quotation from a PSG-pre-approved vendor of Xero.
- Submit your application via the Business Grants Portal (BGP). Register with CorpPass, select the applicable solution, and submit all required documents. (Xero)
- Once approved, you can implement Xero, train your team, and then submit claims for disbursement.
The role of WLP for your digitalisation journey
When moving towards cloud accounting and PSG-funded adoption, you may seek professional assistance to ensure smooth implementation and compliance. That’s where W.L.P comes in. Here’s how we can help:- Vendor quotation and eligibility check: We assist you in preparing the quote for Xero adoption and verifying whether your business meets PSG criteria.
- Implementation & onboarding: We can configure Xero for your specific business needs, migrate data, set up chart of accounts and workflows.
- Training & change-management: W.L.P helps your team get up to speed with cloud accounting and leverage Xero’s features effectively.
- Claim support: We advise on best practices to ensure compliance with IMDA/ESG guidelines.
- Ongoing advisory: Beyond setup, we provide accounting, tax, business advisory and Xero WSQ Accounting Courses to ensure your digitalised accounting continues to deliver value.
Why this matters: business benefits you’ll actually see
By adopting Xero via the PSG programme with vendor support, your SME can:- Reduce manual accounting tasks and human error
- Gain faster access to financial insights for decision-making
- Improve collaboration between management and advisors
- Position your business for future growth and scalability
- Benefit from government support that lowers the adoption cost barrier
Key considerations & tips
- Ensure the vendor is PSG-pre-approved and you obtain a valid quotation before you apply. Xero’s list of approved vendors is publicly listed.
- Understand the annual grant cap: For some solutions, there’s a cap of S$30,000 per company per year for PSG-supported solutions.
- Plan your project timeline: Grants get processed in ~4-6 weeks once all information is submitted. Align your implementation plan accordingly.
- Make sure you deploy the solution for at least one month before claiming. The documentation must show usage.
- Post-implementation support is key: Digitalising accounting is not just about software — it’s about process change, training, and ongoing advisory. Partnering with firms like WLP helps unlock full value.