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  • Writer's pictureAbundant Accounting

The New Normal for Small and Medium Enterprises (SMEs) | SMEs Go Digital Programme


Working from Home during Covid-19 Pandemic

The year 2020 passed by in a flurry due to the unprecedented circumstances on a scale that the world has never experienced. Due to these overwhelming times, it may be difficult to some to remember life before the Covid-19 pandemic and lockdown. However, even before the outbreak, the age of digitalisation has already been creeping up on the accounting industry. As of right now, with working from home being a certainty for the next few years due to the pandemic, it has accelerated the digitalisation process across all industries, especially accounting and its practices. In fact, working from home is probably going to be a staple in the working culture for years to come.


With that in mind, IMDA has begun taking steps to spur and encourage the growth of digitalisation even further with its SMEs Go Digital initiative. They will majorly subsidise the pre-approved IT solutions for small and medium enterprises (SMEs) which make up two thirds of Singapore's workforce. They do so because the benefits that the pre-approved IT solutions bring are expansive, allowing SMEs to leverage on digital technologies to grow amidst the pandemic.

 

Since our incorporation as an IT solutions company, we have been helping companies set up their systems and seamlessly transition them into cloud based accounting. With our excellent 8 year track record, our professional accountants are well equipped to provide these services so you can reap the countless benefits for you and your firm. Below are just a few benefits that could boost your company :


Paper work, including accounts, reports, taxes
  1. Drastic reduction in manual processes for users

  2. Ease of retrieval for invoices/ No hard copies for invoices

  3. Shorter learning curves with our professional training

  4. Professional design of reports to facilitate decision making

  5. Enhance revenue growth by rewarding good performances

  6. Control Costing gives valuable insights to areas with high costs

  7. Tax planning/savings

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