Business Tips

Building Stronger Businesses with Accounting and Payroll Outsourcing in Singapore

In Singapore’s fast-moving business landscape, resilience and efficiency often determine whether a company merely survives or truly thrives. From startups to established SMEs, one of the biggest challenges lies in managing essential but resource-intensive functions: accounting and payroll.

Although these tasks may not generate revenue, they are essential for compliance, talent retention, and informed decision-making. Increasingly, businesses are discovering that outsourcing these services is more than a cost-saving measure — it’s a strategic move that strengthens their long-term competitiveness.

The Case for Outsourcing Non-Core Functions

For entrepreneurs and business leaders, time is one of the scarcest resources. Every hour spent reconciling accounts, processing payroll, or chasing filing deadlines is an hour taken away from business development, customer engagement, or innovation.

By outsourcing accounting and payroll to trusted service providers, Singapore businesses gain:

• Time savings — No more juggling paperwork and statutory dates.
• Specialist expertise — Access to professionals who stay current with rules and requirements of all relevant government bodies (whether IRAS, ACRA or MOM).
• Cost efficiency — Avoid the overheads of hiring, training and retaining in-house staff.
• Risk reduction — Lower chances of errors in GST submissions, calculation of CPF contributions, or financial reports.

Outsourcing allows companies to focus on what they do best — building products, monitoring service quality, attending customer requests and scaling operations.

Accounting Services: Turning Numbers into Insights

Accounting is often viewed as a compliance necessity, but in reality, it’s a powerful decision-making tool. An experienced accounting partner in Singapore provides far more than data entries. They help businesses interpret numbers, spot unusual trends and plan with confidence.

Key services typically include:

• Monthly bookkeeping to track income, expenses and profit margins.
• Management accounts that give business owners visibility into financial health for data analysis and strategic planning.
• Quarterly GST preparation and submission, ensuring timely compliance and audit readiness.
• Compilation of unaudited financial statements for regulatory filings and banking purposes.
• Annual tax submission (Form C-S/C) with detailed workings and schedules, providing accountability and transparency in the reporting process.

With accurate data at their fingertips, business owners can make better financial decisions — whether it’s adjusting pricing, managing cash flow, or planning for expansion with clarity.

Payroll Services: Accuracy and Trust at Scale

Payroll errors are costly, not just in dollars but in staff morale. Late salary payments and inaccurate calculations quickly erode trust. Outsourcing payroll eliminates these risks by introducing standardised, system-driven processes that keep everything on track.

In Singapore, outsourced payroll agents typically handle:

• Salary computation and disbursement
• CPF and SDL calculations and submissions
• Preparation of statutory forms such as IR8A and IR21
• Payslip generation and distribution in digital formats
• Variable pay management, including bonuses, overtime and allowances

Beyond these core functions, outsourcing payroll delivers significant advantages:

• Accuracy and compliance: Payroll service providers stay updated with changing rules, ensuring timely and error-free processing.
• Reduced internal conflict and bias: A third party applies payroll policies and SOPs consistently, reducing internal disputes or perceptions of bias.
• Cost efficiency: Most payroll agents charge on a per-headcount basis, allowing businesses to manage payroll costs without the overhead of full-time staff or expensive software.
• Data security and confidentiality: Sensitive payroll data is handled under strict privacy protocols, minimising risks of internal data leaks.
• HR resource optimisation: Internal HR teams can shift focus to talent management, retention, and engagement instead of payroll administration.

For growing companies, outsourcing payroll ensures accuracy and compliance even as the workforce expands. This choice also supports fairness, cost control and employee confidence; while keeping you current with the evolving employment laws and requirements.

Scalable Support for Growing Businesses

As companies grow, so do the respective departmental demands. In-house finance and HR teams often struggle to keep up with increasing headcount, evolving compliance requirements, and more administrative hassles. That’s where outsourced accounting and payroll offer a powerful advantage.

By outsourcing, growing businesses gain the flexibility to scale without the burden of hiring, training, or managing additional staff. Corporate service providers bring dedicated expertise, streamlined processes, and integrations with leading accounting and payroll software — helping to prevent bottlenecks and errors.

For example, a business expanding from 5 to 30 employees can rely on outsourced payroll service to handle CPF contributions, overtime and bonus, new-hire registrations, and IR8A submissions — with no administrative delays. Similarly, outsourced accounting service ensures monthly reports, GST filings, and financial statements remain accurate and investor-ready for bank applications, audits, or fundraising. In addition, there will be no disruption due to staff turnover or knowledge gaps.

Resilience Through Compliance

Singapore is well known for its robust regulatory framework. While this creates a stable and transparent business environment, it also means companies face strict compliance obligations. Non-compliance — whether in tax reporting, financial statements, or payroll deductions — can result in penalties and reputational damage.

Outsourced accounting and payroll partners act as compliance guardians. They monitor legal changes, update processes, and ensure deadlines are never missed. This reduces risk and gives owners peace of mind that their operations remain on solid legal ground.

Beyond Cost Savings: Building Competitive Advantage

It’s tempting to view outsourcing purely as a way to cut costs. But the real value lies in the competitive advantages it provides:

• Better decisions with reliable financial data.
• Employee trust through accurate and punctual payroll.
• Stronger compliance posture that protects reputation and reduces regulatory risks.
• Agility to focus on innovation and growth.

In today’s business climate, companies that optimise their resources and streamline their back office are better positioned to capture new opportunities and withstand market volatility.

Conclusion

In Singapore, where efficiency and compliance go hand in hand, outsourcing accounting and payroll duties is not just an administrative choice — it’s a business strategy. By leveraging expert support, companies can reduce risks, stay compliant, and gain the financial clarity needed to grow confidently. Entrepreneurs can focus on what truly drives success.

Ready to Strengthen Your Back Office?

Talk to Mighty Glory Corporate Services for tailored accounting and payroll support that scales with your business. Whether you’re just getting started or preparing to grow, we’ll help you stay compliant, gain financial clarity, and free up time for what matters most. Book for a free consultation today!

Smooth Transition to the New Normal

Although the recovery rate is increasing, Singapore has been recording a rise in the spread of Covid-19. The number was even double in the recent September.

As of May 2023, 2.4 million cases and 1,722 deaths were reported, which is relatively higher compared to the earlier reported 2.3 million cases and 1721 deaths in the same month.

By changing health care protocols and gradually easing restrictions, the government hopes to create an environment in which we can all live with the virus – an endemic.

So, for the most part, cars are back on the roads, business is opening up, and people are returning to daily commutes on public transport.

One question remains: with the rising numbers, what measures have been put in place to curb the spread while supporting business continuity?

New Changes

As part of the transition, Singapore government announced new changes to its COVID policy. Here are the major changes:

1. Vaccination and Mask-wearing

Vaccination-Differentiated Safe Management Measures (VDS) were lifted on 10 October 2022. Subsequently, Safe Management Measures (SMMs) have stepped down from 13 February 2023, except for mask-wearing. This SMM is not as strict, which is only required for visitors, staff and patients in healthcare and residential care settings. Not compulsory on public transport. The prudent public continue wearing although this has become optional.

Consecutively, all employees are allowed to return their workplaces, regardless of their Covid-19 status. The work-from-home arrangement for employees, who are tested positive for Covid-19 but physically fit to work, are controlled by the employers. Anyone, tested Covid-positive, does not have to inform a statutory body.

2. Border Changes

There have also been changes to Singapore’s border measures. As of 13 February 2023, Singapore has lifted all Covid-19 border requirements. That means there are no more restrictions for travellers regardless of their profile or Covid-19 status.

Tips for Singapore Businesses

These changes are welcome news for business but also raise several concerns, like how to stay safe and achieve sustainable growth in such uncertain times. Thankfully, this post offers several tips on how to do that.

Here’s how you can safely make it through this period of uncertainty.

Consult with your stakeholders

Your employees, customers and other partners will have different opinions on the return to work. Carrying out a stakeholder meeting will help you to gain feedback and understand who they are so you can consult with them as needed.

They will likely hold opposing views. Some will be excited for the return to “normal,” while others will be more apprehensive.

You need to consider all these opinions and factor them into the decisions you make. Empathy mapping can be an excellent tool for understanding stakeholder options.

It can help you balance different needs and develop a balanced approach to reassuring those who are unsure about returning to the workplace.

Seek out new opportunities for growth

Now that restrictions have eased, you should seek out ways to expand your business. Don’t hesitate to create a budget for these opportunities.

Whether it involves integrating a new IT solution into your operations or implementing a new sales strategy, you should invest in resources and knowledge that will help your company grow sustainably.

Embrace flexible work arrangements (FWAs)

The government of Singapore acknowledges the need for work-life balance in promoting business continuity and productivity. As such, it is set to release guidelines on flexible work arrangements in 2024.

But how prepared are you to embrace these changes? You can take this time to review the suggested changes and how they will impact your business.

Identify what your employees need and the needs of your business so you can optimally reap the benefits of the suggested FWAs. It will also help in establishing a smooth transition come 2024.

Go Digital

41% of Singapore SMEs who embraced digitalisation in 2021, reported a rise in their sales revenue. Consequently, 6 in 10 SMEs who were hesitant to adopt digitalisation reported lower revenue in 2020 than in 2019.

Considering the disruption Covid-19 has caused, going digital cannot be a luxury any longer. It should be your priority. The government has launched a program to help with the process, which should make things easier for you.

Joining the SMEs Go Digital program makes you eligible for the Productivity Solutions Grant (PSG), which grants you access to various pre-approved digital solutions.

Going digital will create new opportunities for your business to explore. The government initiative, in particular, offers several benefits that include:

● Smart matching, where the local SME suppliers will get recommendations to possible overseas clients
● Optimised listings on overseas electronic marketplaces
● Quick access to available financing methods
● Access to reliable supply chain partners, like logistics companies that offer last-mile delivery, if you need the service.

Embrace remote and hybrid work arrangements

Covid-19 revealed the possibility of remaining productive during uncertain times. Many businesses were hesitant to adopt remote work arrangements. But as the pandemic proved adamant, they had no choice but to cope.

Embracing remote work not only keeps you moving during uncertain times but also cuts costs. You cannot have all your employees at the office, which means you can save on office space budget.

Besides, embracing remote work means you can tap into the top talent globally, which is also part of helping you to spread your wings and gain more visibility.

Make smart budget choices for your business

Despite the ease in restrictions, many sectors of the economy are yet to recover.  This means it may take a while before you achieve the same level of performance as before the pandemic.

The choices in your financial management during this period will significantly affect your business. Here are some tips on managing your finances:

●  Make a budget and follow it. It’s easier to manage finances when you have a budget and the updated accounts for reference.

They will help you determine where your money is spent and evaluate whether you’re spending too much or too little on crucial business processes.

●  Spread out your expenses. It’s okay to invest in materials, equipment, and training for your employees. However, you shouldn’t attempt to do everything all at once.

Spread out your expenses so that your purchases won’t force you into an uncontrollable debt spiral.

●  Be frugal: This is not to say, you should be extreme, but do your best to reduce costs in all aspects of your business. For example, you should look for ways to negotiate better deals with your suppliers before signing a contract.

Something else to consider is determining the strategies for consuming your finances.

●  Have a cash reserve: Keeping a cash reserve will help you compensate for unexpected events (like new restrictions) without the need to take a corporate or personal loan, even if you have a decent credit score.

Keep your employees safe

Ask your employees to get the vaccine if they haven’t done so yet but are eligible

Nearly 90% of Singapore’s eligible population have been fully vaccinated. But if your employees aren’t among this number for some reason, it’s crucial that they take the shot.

The Delta variant that has been spreading through the country is more infectious than the earlier forms of the virus and may cause more severe illness. There’s the threat of new variants, too.

The vaccine will limit the chances that they will catch the virus and prevent serious illness, even if they do.

Even though the government has lifted the social distancing requirements and declared mask-wearing indoors and outdoors as optional, these safety guidelines are essential for your organisation.

Distancing

The end of restrictions means a return to the hustle and bustle of daily life. But that doesn’t mean you should be less vigilant.

Respiratory illnesses like Covid-19 spread through coughing, sneezing, and close contact. Keeping a safe social distance (whenever possible) will keep you safe.

Keep your mask on

Evidence shows that wearing a mask will reduce your risk of exposure to airborne Covid-19 droplets, thereby reducing the chances you will get sick.

A recent study which looked at coronavirus mortality across 198 countries found that those whose cultural norms and government policies encouraged mask-wearing had significantly lower death rates.

Two compelling case reports also suggest that mask-wearing would be a great strategy during the transition.

In one report, a man on a flight from China to Toronto was discovered to be Covid-19 positive. He had a dry cough and wore a mask during the flight, and all 25 people nearest to him tested negative for Covid-19.

In another report, two hair stylists in Missouri were in close proximity to 140 clients while sick with Covid-19. Everyone wore a mask, and none of the clients was tested positive.

You and your employees should wear a mask whenever you are in indoor public spaces. You may want to do the same in outdoor areas with several Covid-19 cases and for business activities that involve close contact with others, who have not been fully vaccinated.

Conclusion

Despite the uncertainty over how things will turn out. There are reasons to be hopeful. Singapore has one of the highest vaccination rates in the world, so most of us are already protected from severe COVID-related health conditions.

We also have substantial health resources and experience from managing other public health crises. These strengths constitute a resilient healthcare system, so you can rest assured that the situation will improve eventually.

Introduction

As the COVID-19 pandemic shook the world, many experienced workers started to have growing concerns on their job stability. Businesses have been forced to go digital rapidly, and the concept of renting a commercial office has lost its charm — even the most traditional of leaders have warmed up to the idea of remote working. Many professionals began steering their careers in a wholly different direction, embracing entrepreneurship as technology greatly lowered the barriers in starting a home-based business. If you are looking to set up a home-based office for your business, here are the six top tips to get yourself business-ready:

1. Apply for Relevant Permits and Licenses

Under the Home-Based Small Scale Business Scheme, certain businesses such as freelance writing, baking, sewing, hairdressing, and private tuition (up to three students at one time) are allowed to be carried out and does not require HDB’s approval. Such businesses should only function as an add-on to your income. No person outside the household may be employed.

For ACRA-registered firms providing services such as design, consultancy, technology-based / knowledge-intensive businesses and more, you may register to set up a home office in your private home or HDB flat as part of the Home Office Scheme. You will need to apply for a license under this scheme and may employ up to two non-resident employees (those who do not live at the address). Other criteria apply — for instance, you must continue to use the residential unit as your place of residence, and all business activities should be confined wholly within the premises.

Before you proceed, check here for the list of permissible and non-permissible businesses under the Home Office Scheme. If your business falls under the non-permissible category (such as any form of the retail business), your flat can only be used for business administrative purpose. In addition, customers are not allowed to visit your home office.

For businesses under both schemes above, there are a few guidelines to be followed:
• No physical and paid advertisements should be done
• No external business signboard is to be displayed
• No extraneous traffic is introduced to the place
• No noise, smoke, smell and other disturbances or danger caused to neighboring residents
• No loading and unloading of goods using vans and trucks
• All activities must comply with the regulations of other authorities (e.g. Singapore Food Agency)

Other than a general business license and home office permit, you may also need to apply for certain industry-specific business licenses. For example, some types of businesses will require a professional or trade licenses (e.g. Estate Agent License for buying or selling real estate).

If this is your first home-based business, you may choose to work with a local corporate service provider to ensure that your company meets all company compliance requirements in Singapore.

2. Prepare Your Work Space

Now that you’ve committed to doing effective work from home, start by setting up some ground rules and keeping yourself disciplined. Get your office supplies ready (think: stationery, writing pads, file organisers, a comfy chair, wrist support if you’re constantly on a laptop etc.) so you wouldn’t have to scramble to gather such resources when the need arises.

Keep things organised, and have a clear distinction between work and personal space. If you want to maximise productivity, you need to make sure that you can fully focus without succumbing to temptations like your bed, or getting distracted by endless entertainment options.

If space allows, set up your workspace somewhere other than your bedroom. Otherwise, demarcate a specific area in your room for your work desk — once you’re there, commit to completing your business objectives each day before “clocking out” and taking a good break.

3. Have a Clear Working Schedule

Communicate with your family and/or housemates on your business hours and work arrangements to avoid getting your business operations disrupted. Develop a structured routine and plan the bulk of your work during your most productive hours. By establishing the right expectations with others who co-share a space with you, you’ll be able to minimise any interference which can break your flow in completing fruitful and creative work.

Inform your clients and customers of your operating hours on your website, social media and any other communications. Let them know what to expect when it comes to communications outside of your working hours — you may also consider setting up auto-responders past business hours with information on when you can get back to them (e,g. within two business days) and how they can reach you on urgent matters if necessary.

4. Write Down Your Business Plan

Having a concrete action plan in black and white helps to maintain clarity of thought when day-to-day responsibilities hit you like a whirlwind. Decide on the purpose of your business, the persona of your ideal customers, and how exactly your business will generate income for you. Some key details to include are:

• Executive Summary: Your company’s core business activities and organisational structure
• Company Overview: The vision, mission, core values and scope of your business
• Products and Services: What you offer and whom they are catered for
• Market Analysis and Strategy: Your target audience and how you can build a competitive edge over others
• Financial Overview: Budgets, forecasts, profit-and-loss analysis, and sales assumptions

This plan will serve as your guiding compass and roadmap for success, helping you to prioritise crucial business tasks and ensure that you are on track to achieve your business objectives within your projected timeframe.

5. Stay Connected Professionally

As more operate their businesses from home, some may tend to focus on internal business activities and lose touch on current business trends. To stay relevant and competitive, it is recommended to join business associations that organise virtual conferences and events to keep you updated on emerging challenges and the latest solutions and tools for your industry.

Maintaining a steady stream of income and clients may also be a concern for some home-based entrepreneurs, thus building a strong online presence (such as with a LinkedIn profile or Facebook page) will help to expand your network and introduce new prospects to your services without needing to step outside to solicit business.

6. Stay Connected Professionally

To ensure your business is sustainable in the long run, it is key to stay on top of your profits & losses, loan repayments, and other financial matters. Most income received or earned from trade, business, profession and/or vocation in Singapore are subjected to income tax.

Be sure to set up a separate bank account and credit card for your business and keep it separate from your personal expenses. Having a clear record of all business transactions and activities keeps your company compliant, should an audit be required for your home-based business. Use an IRAS-compliant accounting system to keep track of your business expenses and income, or employ a corporate services provider familiar with the business environment in Singapore to advise and/or manage your business accounts.

Conclusion

Mighty Glory Corporate Solutions is a virtual accounting practice that provides company incorporation, nominee directorship, corporate secretarial, bookkeeping, GST reporting, payroll management, business administration, financial reporting, corporate and individual tax services.

Check out our blog for more tips on running a business based in Singapore, or contact us here for comprehensive business support services.

As a gift to encourage / welcome new entrepreneurs, all new clients who connect with us and quote “HBB77” shall get a 15% discount on the first service package.

Introduction

First introduced under the Stabilisation and Support Package of Singapore’s Budget 2020, the Jobs Support Scheme (JSS) has been extended up to Sep 2021 to cover the hardest-hit industries. Support measures have also been enhanced to greater support businesses during the Phase 2 (Heightened Alert) [P2(HA)] period.

The JSS was designed to improve assurance and support to workers and businesses most affected by the COVID-19 crisis in this time of economic uncertainty. The initiative will provide cash flow support to local businesses, incentivise companies to retain local workers, and encourage firms to share productivity gains with its employees.

Under the Scheme, the Government will subsidise a percentage of the first $4,600 of gross monthly wages paid to local employees. The JSS payouts are intended to compensate and protect employee wages. The wage support scheme has three tiers as follows:

**Firms in the built environment such as construction companies will receive 75% wage support for wages paid from June to September 2020 only. Thereafter, they will receive up to 50% (Tier 2) wage support instead.

Below shows the computation of JSS payout for employees from three tiers and three different wage rates:

Jobs Support Scheme (JSS) FAQs

Who are qualified for JSS?

All employers (not in the Employer Exclusion List^) who made CPF contributions for local (Singaporean and PR) employees will qualify for the payout. Local shareholders and directors earning wages with mandatory CPF contributions are also qualified for the payout. However, business owners (sole proprietors or partners in partnership businesses) earning wages or trading in their personal capacity are not eligible for the payout.

Firms and businesses that cannot resume operations on June 2, 2020 are also eligible for the payout. To help the business, the government will provide 75% wage support until August 2020 or when they are allowed to operate, whichever comes first. Businesses under this category include gyms, cinemas, retail outlets, and recreational centres.

UPDATED: Under the P2(HA) enhanced JSS measures, businesses required to suspend many, if not all of their operations, will also receive JSS support of 50% for the period from 16 May 2021 to 13 June 2021. This applies to affected gyms, fitness studios, performing arts organisations, and arts education centres.

Certain sectors not required to suspend operations but are considerably affected by the tightened measures, like retail, cinemas and family entertainment centres, will also enjoy enhanced JSS support of 30% from 16 May 2021 to 13 June 2021.

Other businesses significantly affected by the tightened measures in P2(HA) may also appeal for enhanced JSS support at go.gov.sg/jss.

^ Employer Exclusion List

1. Local government agencies including ministries and departments, organs of state, and statutory boards
2. PA services and grassroot units
3. Government and government-aided schools
4. High commissions, trade offices, embassies, consulate
5. Foreign military units
6. Unregistered local/foreign entities
7. Representative offices of foreign companies, foreign trade associations, foreign non-profit organisations, foreign chambers, foreign government agencies, and foreign law practices
8. Bank representative offices, insurance representative offices and other financial representative offices registered with MAS (Monetary Authority of Singapore)
9. News bureaus
10. International organisations
11. Entities paying CPF but are not registered in Singapore
    

How to apply for JSS payout?

Employers do not need to apply for the JSS payout. All employers (not in the Employer Exclusion List) who made CPF contributions for local employees will automatically qualify and will be notified of the support tier they qualify for and the amount they will receive. Businesses with CorpPass access can check their notification emails through the IRAS’s myTax Portal.

How will employers receive the payout?

JSS payouts will be credited through the following modes in order of priority:

1. Credited to the employers’ GIRO bank account used for Income Tax or GST;
2. For those without GIRO accounts, the JSS payout will be credited to their registered PayNow Corporate bank account
3. Otherwise, the JSS payout will be made by cheque.

Employers who are still not using GIRO or PayNow Corporate are encouraged to sign up for these modes to receive their JSS payouts faster.

When are the scheduled payouts?

Employers would have received the JSS payouts in April, July, and October 2020. A special payout was released in May 2020 to support businesses during the circuit breaker by providing support in advance. Eligible sectors will also receive subsequent payouts in March, June, September and December 2021.

Introduction

The SMEs Go Digital programme was developed to help SMEs embrace digital transformation and maximise growth with the help of digital technologies. As part of this programme, support such as enhanced government grants, the Digital Resilience Bonus, SME Digital Tech Hub, Start Digital Packs and more have been introduced.

Spearheaded by the Infocomm Media Development Authority (IMDA), the Start Digital programme was launched in January 2019 and encourages SMEs to adopt digital business processes with comprehensive and low-cost digital solutions. The Start Digital Packs have since gained traction and support from banks, regulators, and SMEs in Singapore.

What is the Start Digital Pack?

A Start Digital Pack is an affordable and fully customisable digital business solutions package created under the government’s SMEs Go Digital programme. Recognised by most corporate service providers in Singapore, the easy-to-adopt and easy-to-deploy programmes and tools included in the package are designed specifically to address the needs of small and medium enterprises that are just starting up or transitioning to the digital scheme. An organisation can pick up the tools or systems they need to get a head start in digitalisation, building a stronger foundation for sustainable business growth.

What are the Benefits of the Start Digital Pack for SMEs?

Aside from the benefits of digitalisation, the Start Digital Pack provides SMEs with the following advantages:

Low Price – The Start Digital Pack includes standard business solutions available in the market but are offered at a much lower price. SMEs can take advantage of rebates and/or free months of access when they sign up. **Freebies will depend on the contract and will differ amongst different partners and providers.

Comprehensive Business Solutions – The Start Digital Pack offers a complete set of business solutions for all business needs. The pack includes programmes and tools on business Accounting and Bookkeeping, HR and Payroll, Digital Marketing, Digital Transactions, Sales and Inventory, Cybersecurity, and others.

Customisable Package – SMEs can pick and choose the programmes they need and leave out those that aren’t relevant to their business. Having the right solutions working for their organisation will help entrepreneurs streamline their processes, and focus more on satisfying their customers and growing the business.

Easy Transition to the Digital World – SMEs adopting the Start Digital Packs will also enjoy professional help and guidance that will ease their entry to digitalisation. Corporate service providers in Singapore can provide an array of relevant tech solutions and training to help businesses digitalise their operations.

Who can apply for a Start Digital Pack?

To qualify for the programme, the business must meet the following criteria:

• Singapore registered and incorporated
• At least 30% ownership is held by a Singapore citizen or permanent resident
• Not more than $100 million in annual sales turnover, or not more than 200 employees

How can I apply for a Start Digital Pack for my business?

Qualified businesses can apply for a Start Digital Pack with any Start Digital Partner. Some of the already approved partners and vendors of the SMEs Go Digital Programme include DBS, OCBC, Maybank, UOB, Singtel, and M1. To apply, simply choose the partner (some partners may require the applicant to have an active account with them), customise your package, and then submit the registration form. When choosing the most suitable partner for your business, it is best to learn more about what the partner is offering and the details of the pack – the rates, the apps available and any help they are willing to extend to their clients.

Start Digital Pack Partners

OCBC and DBS banks are two of the first partners who join the Start Digital programme with great business solutions to offer:

OCBC – The OCBC Start Digital Pack has many digital business applications including accounting, marketing, HR, sales and procurement solutions. Its fully customisable solutions dashboard features are also integrated with e-commerce applications like Google Analytics, Mailchimp and Shopify. The dashboard is free to SMEs with OCBC accounts when they apply for a Start Digital Pack and subscribe to at least two solutions. The package also comes with a choice of two free apps upon sign up: Xero, Quickbooks, Mailchimp, or Shopify, for the first 12 months. Cash rebates are also offered in certain applications. To apply, simply send your account declaration and verification to your bank, choose the apps to purchase and start enjoying the benefits of digitalisation. 

DBS – An application for a DBS Start Digital Pack can be made online, with no need for qualified SMEs to physically go to the bank. Application is easily completed within 5 minutes and approval can be expected within 3 business days, when the client’s portal is ready for use. Open to new and existing customers, DBS offers web-based business tools that are designed to streamline processes, increase profitability and enhance business growth. DBS offers up to 18 months of free subscription to their featured solutions upon signing up with their Start Digital Packs.

Solutions under the Start Digital Pack

Start Digital offers a wide range of business solutions for users to choose from. Xero and Financio are two of the most popular business solutions amongst accounting firms in Singapore and Malaysia.

Xero – Xero is a top cloud-based accounting software with business tools integrations that include invoicing, time-tracking, reporting, payments, banking, HR and payroll, inventory, CRM, and bill/expenses management. The user-friendly accounting platform is popular for its groundbreaking and user-focused innovations. Our team at Mighty Glory Corporate Solutions, a certified Xero Advisor, can help you set up your Xero account for your corporate needs, walk you through implementation, and manage your account for you.

Financio – Financio is an all-round business solutions platform specially designed for small and medium businesses. Amongst its key integrations are business apps in invoicing, banking, HR and payroll, collaboration and reporting. Financio also features Lazada, one of the leading eCommerce platforms. The headache of manual stock counts is removed through the seamless synchronizing of price rates and inventory of your eCommerce business with Financio. As one of the pioneer Financio Advisors, we can help you set up your Financio account according to your business needs, implement its use, and manage it so that you can focus on other business priorities.

Conclusion

Connect with us today to know more about the Start Digital Pack! Our team can assist you to choose your partner, help you build your solutions package, and implement the solutions for your business needs. We look forward to helping you achieve your business goals with efficient and holistic solutions.