The Singapore Government is allocating more than S$500 million of the Fortitude Budget to support businesses with digital transformation and e-payment adoption.
The Digital Resilence Bonus will be targeted at Food Services and Retail sectors for a start to implement business continuity strategies to adapt to new post-COVID norms. This will help to keep their businesses running and even acquire new revenue lines. Eligible businesses can receive bonus payout of up to S$10,000 if you adopt PayNow Corporate, E-Invoicing, Business Process or E-Commerce solutions.
Find out how to get the Digital Resilience Grant (DRB).
Here are the list of digital solutions that are qualified for Digital Resilience Grant.
To be eligible for the grant, businesses must meet the following criteria.
UEN falls under Food Services and Retail sectors
UEN incorporated on or before 26 May 2020
Adopt PayNow Corporate and Peppol e-invoicing; and
Adopt the digital solutions in the required categories
There is no need for you to submit any application form for the grant. Providers of Qualified Solutions (or Supporting Banks) will submit your UEN to IMDA if you are using the solutions between 1 June 2020 and 30 June 2021.
IMDA will credit the Bonus into your PayNow Corporate account according to the categories of digital solutions you use.
For more information on Digital Resilience Grant, please visit IMDA's page here.
How to get your E-Invoicing Registration Grant (ERG).
This grant provides businesses with a one-time payment of $200 per UEN, upon first registration to the E-Invoicing Network on or before 31 December 2020.
The Grant is only available to businesses and entities which:
Registered in Singapore on or before 25 March 2020
Register with SESAMi as your AP
Have registered their UEN to their respective PayNow Corporate account
For more information on E-Invoicing Registration Grant (ERG), please visit IMDA's page here.
Leveraging the Chain Leader grant.
Enterprises with own in-house accounting/ERP solutions can get connected to the E-invoicing network through an Access Point.
For enterprises with substantive influence over a business network (min. 500 businesses, aggregate of customers and suppliers organizations) may qualify for the limited time Chain-Leader grant to help defray the cost of integration. Interested parties who wish to apply for the Chain-Leader grant will need to fill in the attached pre-qualification form.
For more information on Chain Leader Grant, please visit IMDA's page here.
List of ERP partners with SESAMi’s Peppol integration.
Our valued partners are integral to the successful implementation of Peppol in Singapore. For a seamless E-Invoicing journey. Click on them to find out more on the solutions offered by our partners.
Peppol 101 - What is Peppol?
Want to know more about Peppol? Watch this video here.