HRiQ is an integrated HRMS and Talent Management System that assists HR teams in automating their daily HR tasks to reduce errors and increase productivity. With a full-fledged range of HR Core and Talent modules, HRiQ is also equipped with smart workflows, mobile applications and a configurable Employee Self-Service portal for all your HR needs. With continuous governmental support, we hope to be able to assist companies in Singapore adopt a completely digitalized HR process to increase efficiency and effectiveness. The two grants PSG and EDG will be highlighted below.
iqDynamics is excited to announce that we are now one of the Pre-Approved vendors by Enterprise Singapore under the Productivity Solutions Grant (PSG). PSG seeks to support SMEs in adopting Human Capital Management Solutions to deliver real business impact by harnessing our Cloud-based HRiQ system.
Our solutions have been pre-scoped and bundled up with integrated modules to allow you to enjoy cost savings and more efficient use of resources by adopting the right tools and solutions. The packages includes the modules Human Resource Information, Payroll , Leave, Benefits & Claims & Appraisal based on different headcount numbers.
The PSG Approved Cloud HRIQ Bundled modules brings the following objective:
- Quicker Grant Approval Process
- Comprehensive Functionalities to help SMEs to automate processes effectively within organization
- Hassle-free solution to implement enterprise grade solution with hosting, data backup and security measures taken care of according to industry practices
Enterprise Singapore launched the Enterprise Development Grant (EDG) in late 2018 which will encompass and replace the previous Capability Development Grant (CDG). EDG aims to provide funding to Singapore - based companies to adopt IT solutions to streamline their complex business models. Through this grant, companies can receive up to 70% government subsidies to cover the cost of eligible projects.
Our HR Solution, HRiQ, can be designed and tailored to meet the complex needs of companies who are looking to elevate their HR’s current process and strive towards higher productivity. With the availability of EDG, large SME with complex and unique process can opt to apply EDG through this link to find suitable financial assistance to support its implementation.
Who can apply?
To qualify for the EDG, you need to:
- Be registered and operating in Singapore
- Have a minimum of 30% local shareholding
- Be in a financially viable position to start and complete the project
- Applications will be assessed by Enterprise Singapore based on project scope, project outcomes and competency of service provider.
The PSG package are pre-scoped and bundled, for individual modules, you can apply for EDG.
As long as you fit the above mentioned criteria, you can submit to Enterprise Singapore for their assessment.
The grants will only apply for your Singapore office and not the others. If the other overseas offices are looking using the system as well, that cost will not be covered by the grant.
Unfortunately, the bundles are fixed and cannot be changed. iqDynamics has picked these modules specifically with SMEs in mind, we believe that your HR team will be able to make full use of our system.