The PSG Era Has Changed: How to Fund Your SQL Account or ABSS Upgrade with the New EDGE Grant
The Grant Landscape Has Evolved, But Funding Is Still Live
For years, whenever a business owner in Singapore talked about upgrading their finance or inventory system, the go-to answer was always the Productivity Solutions Grant (PSG).
Enterprise Singapore has rolled out a major update to consolidate and streamline how businesses apply for support. The familiar grant frameworks have officially transitioned into a unified structure known as the EDGE Grant.
If your company has been holding off on modernizing your accounting system or preparing for statutory changes like the GST InvoiceNow requirement, don't worry. The funding has not disappeared. It is now organized under a direct track called Accounting and Sales Management within the Single-function Digital Solutions category.
Here is a straightforward look at the actual support numbers, eligibility rules, and a simple walkthrough to get your software funded.
The Support Numbers: What Can Your Business Claim?
Under the new EDGE Grant framework for Accounting and Sales Management, the funding is designed to provide immediate relief for essential daily operational tools like general ledger, tax calculations, sales invoicing, and financial reporting.
Support Quantum: Eligible local SMEs can receive up to 50% support, capped at S$2,500 for this solution area. (Non-SMEs can receive up to 30% support, capped at S$1,500).
Fast Turnaround: Application outcomes are targeted within just 1 week.
Overall Caps: This solution falls under your company’s annual Automation and Digitalisation grant cap of S$30,000, within the broader overall annual grant cap of S$100,000.
Timeline: Once your application is approved, your project must be completed within 18 months. Costs incurred from the date of application are covered upon approval.
Do You Meet the Criteria?
Before starting your application, ensure your company meets the baseline criteria set out on the BizSG portal:
Singapore Registered: Your business entity must be registered and operating locally in Singapore.
Local Shareholding: You must have at least 30% ownership (direct or indirect) held by Singaporeans or Singapore Permanent Residents.
How to Apply: Step-by-Step Guide
To ensure your application goes through smoothly without any hiccups, keep this checklist handy before you begin:
Quick Application Checklist:
Download our official quotation.
Keep your company CorpPass login details handy.
Get TeamViewer ready for our session so we can guide you through if needed.
Step 1: Get Your Package ID
Go to the relevant solution link below, find our solution, and click "Select package & add ons".
Note: You must log in via CorpPass yourself, ensure you have enabled SMEs Go Digital e-services, and save the package to generate your unique Package Reference ID.
Step 2: Apply on the Business Grants Portal (BGP)
Log in to the Business Grants Portal with your CorpPass.
Click "Apply now" under "EDGE Digitisation (With Pre-Approved vendor)".
Enter the exact Package ID generated from Step 1 and attach your quotation to submit.
Upgrade Your Finance Operations with Confidence
Government portals and grant names may be streamlined, but the real goal remains the same: eliminating manual paperwork, avoiding costly system downtime, and ensuring your business stays fully compliant with Singapore’s evolving digital tax standards.
Both ABSS and SQL Account are fully supported under the Accounting and Sales Management category of the EDGE Grant.
Need a hand getting this sorted?
The team at Apscom Solutions is ready to walk you through the setup. Reach out to us, and let's get your system upgraded smoothly!
