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SINGAPORE: Newly registered small- and medium-size enterprises (SMEs) can now get added advice with agenda solutions during the early stages of their businesses through a new action alleged Start Digital.
It offers them agenda solutions in areas such as accounting, animal resources, agenda transactions, agenda business platforms and cybersecurity.
“It abnormally targets the needs of new SMEs, by alms affordable, modular, easy-to-use basal agenda band-aid bales of acceptable quality,” said Communications and Advice Minister S Iswaran at the barrage of Start Agenda on Wednesday (Jan 9).
“SMEs can artlessly bung and comedy from day one, authoritative it accessible for owners to administer added on abutting with barter and growing their new business, after accepting to anguish about agenda acceptance later.”
Under the initiative, SMEs will accept to accomplish to a minimum aeon of 18 months, with costs waived for the aboriginal six months.
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Thereafter, SMEs would need to pay beneath than S$50 a ages for anniversary continued or new solution.
As SMEs accomplish up the all-inclusive majority of businesses in Singapore, the admeasurement and acceleration of their digitalisation can “profoundly transform” the economy, said Mr Iswaran.
“The acknowledgment from our engagements with SME business owners affirms that abounding admired they had implemented basal agenda solutions in the beginning stages of their businesses,” he said.
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“This is barefaced because it is actual adamantine to accomplish the about-face to agenda solutions already companies get accepted in chiral systems and acceptable processes,” he added.
BENEFITING FROM GOING DIGITAL
Start Agenda is part of the SMEs Go Agenda programme launched two years ago.
One aggregation that has benefited from digitalisation is Eatz 19.
Before implementing an online system, the restaurant had to use third-party apps for anxiety and aliment deliveries. Using various apps could get costly, and it was additionally harder to alike orders.
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After adopting the online arrangement two years ago, it has helped the restaurant with table reservations, online orders and aliment deliveries.
Managing administrator Shakila Sham said: “Within that abbreviate anatomy of time, we accept apparent an admission in revenue, abnormally from our commitment online platform, with an admission of about 20 per cent sales.”
E-INVOICING NETWORK LAUNCHED
Mr Iswaran additionally launched the activation of the civic e-invoicing network, which was appear in May 2018 as allotment of the Civic E-invoicing Framework by IMDA.
Compared to chiral invoicing, e-invoicing increases abundance and allows for faster acquittal accumulating cycles.
The e-invoicing will be based on the Pan-European Public Procurement On-Line (PEPPOL) standard.
It is a set of accessible standards and specifications, which enables the barter of standardised machine-readable abstracts amid businesses such as e-invoice, e-orders and e-advanced aircraft notes.
These technologies automate advice barter beyond the accumulation chain, abbreviation the amount and abeyant accident of absurdity compared to chiral invoicing.
Firms will be accustomed admission abutment to appear on lath through the accepted 11 bounded admission point providers. The arrangement will additionally acquiesce accelerated agenda affairs with the 32 added mostly-EU countries application agnate standards.
DATA PROTECTION TRUSTMARK
At the event, Mr Iswaran additionally clearly launched the Data Aegis (DP) Trustmark Certification which was piloted aftermost year.
The DP Trustmark recognises organisations with sound, amenable and answerable abstracts aegis practices. Companies can administer to the Info-communications Media Development Authority (IMDA) to accept their abstracts aegis systems adjourned and certified.
Consumers can additionally attending advanced to a criterion of a company’s abstracts aegis behavior and practices from today onwards.
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Forty companies from assorted sectors had registered for the DP Trustmark pilot, which concluded in September aftermost year.
Six of these companies, including DBS Bank, TTSH Community Fund and bounded GP dispensary MaNaDr, accept already been certified. The blow of the companies are accepted to be certified by the end of March.
Funding abutment for all three initiatives will amount the government S$30 actor for the abutting three years.