Xero PSG Vendors in Singapore: Your Guide to Approved Accounting Partners
Businesses in Singapore looking to digitalise their accounting processes can benefit significantly from the Productivity Solutions Grant (PSG) when adopting Xero. By working with a PSG-approved vendor, companies can receive up to 50% funding support for eligible solutions, making cloud accounting more accessible and cost-effective.
What is the Productivity Solutions Grant (PSG)?
The Productivity Solutions Grant is a government-backed initiative led by Infocomm Media Development Authority and Enterprise Singapore. It is designed to help small and medium-sized enterprises (SMEs) adopt IT solutions that improve operational efficiency.
PSG supports a wide range of business needs, including:
- Financial management and accounting
- Customer relationship management (CRM)
- Data analytics and reporting
- Inventory tracking systems
This makes it an ideal solution for companies aiming to streamline workflows and scale efficiently.
Why Choose Xero with PSG?
Xero is one of the most popular cloud accounting platforms for SMEs in Singapore. When combined with PSG funding, businesses can:
- Reduce upfront costs of implementation
- Access real-time financial data
- Automate bookkeeping and reporting
- Improve compliance and accuracy
With PSG support covering up to 50% of costs, adopting Xero becomes a strategic investment rather than a financial burden.
PSG-Approved Xero Vendors in Singapore
To qualify for the grant, businesses must engage a pre-approved PSG vendor. These vendors are certified partners who provide Xero implementation, training, and advisory services.
They are categorised into tiers such as Platinum, Gold, and Silver partners based on expertise and experience.
Find WLP – A Trusted Xero Vendor
One notable Xero-approved partner is WLP, a professional firm offering:
- Company incorporation services
- Cloud accounting solutions using Xero
- Tax compliance and advisory
- Business consultancy for SMEs
WLP helps businesses implement cloud accounting efficiently while maximising available government funding.
Our expertise makes them a strong choice for startups and growing companies seeking reliable financial management support.
Who is Eligible for PSG?
To qualify for PSG funding in Singapore, businesses must:
- Be registered and operating locally
- Have at least 30% local shareholding
- Use the solution within Singapore
- Meet SME criteria (≤ S$100M annual revenue or ≤ 200 employees)
How to Apply for PSG with Xero Vendors
The application process is straightforward:
- Request a quotation from a PSG-approved Xero vendor
- Submit your application via the Business Grants Portal (BGP)
- Wait for approval before making payment
- Implement the solution and submit claims
Approval typically takes a few weeks, so planning ahead is recommended.
Final Thoughts
Adopting Xero through a PSG-approved vendor is a smart move for SMEs aiming to digitalise their finance operations. With government funding support and access to experienced partners like WLP, businesses can improve efficiency while keeping costs under control.
If you’re planning to upgrade your accounting system, exploring PSG vendors is a practical first step toward sustainable growth.