Release Notes v3.13.3 : Financio PSG Grant

Brief Summary:
Unlock the potential of your business with the Productivity Solutions Grant (PSG)—designed to help local SMEs like yours access cutting-edge IT solutions and equipment. By securing funding for projects that boost productivity, you can take your business to the next level with ease.

The Productivity Solutions Grant (PSG) offers significant benefits for Singapore SMEs:

1. Up to 50% Cost Savings: Local SMEs can receive funding that covers up to 50% of eligible costs, allowing you to invest in IT solutions and equipment without straining your budget.

2. Boost Productivity with Up to $30,000 in Funding: Secure up to $30,000 to enhance your business efficiency and automate processes, driving growth and competitiveness.

3. Tailored Support for Your Industry: Whether your needs are sector-specific or more general, the PSG provides access to pre-approved solutions that are designed to meet the unique challenges of your industry.

Source : Read here

Key Notes:

1. PSG Identifier: UEN

   • The Unique Entity Number (UEN) is the key identifier for customers on the Financio PSG package.
   • Important Note: The same UEN cannot appear more than once for the Financio PSG package. UEN is used exclusively for IMDA approval purposes and should not be used for validation within the product.

2. Identifying PSG Customers

   • Customers interested in the PSG grant will indicate this by ticking the "I am interested with PSG grant" checkbox on the signup page.
   • What is PSG Grant : Find out more
   • Step by step guide : Find out more
3. How to redeem a unique promo code from our channel team?
   Kindly email with title "Redeem PSG Promo Code" and send to support@financio.co

Signup, Approval & Expiry Process:

1. New Signup (No IMDA Approval Yet)

   • Upon signup, the system tracks a new expiry date (12 months from the current date).
   • If IMDA approval is NOT received within 30 days, the trial version converts to a free plan in read-only mode for another 11 months in order to complete the cycle of 12 months.

2. Post-IMDA Approval

   • Upon IMDA approval, customers make payments externally, and the channel team manually creates a unique promo code, upgrading the product to Financio Accounting Premier for 12 months.
   • A customer who has been upgraded to a Premier account cannot upgrade, downgrade, or cancel the account until they have completed the 12-month period.

3. Expiry Date Due (after 12-months period ends)

   • Once expiry date is reached, the plan reverts to read-only mode unless the customer opts to continue with a paid plan in the subscription centre by clicking the subscribe button. 
   • If customers don't subscribe to either Essentials or Premier, their accounts will remain in read-only mode, and their subscriptions will be deleted after 30 days.

Quick Notes:

• For PSG grant applicant, they do not need to make any payments in our Financio system.
• How to get a direct quotation?
  • IT solutions: Get a quotation from pre-approved vendor
  • Equipment: Source for an equipment and get a quotation from the vendor
  • Consultancy services: Get a quotation from pre-approved consultant
• Note: Only the actual purchase/hire cost of the pre-approved solution is supported (excludes other related administrative fees/charges e.g delivery fees, installation). There are no compulsory application fees required for schemes offered by EnterpriseSG. Any application fees quoted by individuals/ firms offering grant application services are not endorsed by the Government.