23 October 2020
How your company can tap into Digital Resilience Bonus by IMDA
One of the important lessons many businesses in Singapore have learned from during the Covid-19 pandemic is to be quick and adaptable in the face of uncertainties. Especially in the F&B and retail industries, due to safe distancing measures, businesses in bricks and mortar now can cater to lesser customers compared to Pre-Covid-19. Furthermore, shutting down malls and restaurants during the Circuit Breaker has inevitably changed consumer behaviours, and many have since chosen to buy online and use delivery services.
As a result of this emergence of a new normal, digitalisation not only offers businesses a competitive edge and improves productivity, but also provides a means to remain resilient in this uncertain economic climate.
With the aim of uplifting digital capabilities of enterprises to adapt to these changes, Infocomm Media Development Authority (IMDA) has rolled out Digital Resilience Bonus (DRB) from which your company can benefit. Read below on the eligibility criteria and how we can help you apply for DRB.
What are the eligibility criteria?
You may use the checklists below to assess your enterprise’s eligibility.
- UEN falls under one of the Food Services or Retail sectors in the following lists as at 26 May 2020
- UEN is incorporated on or before 26 May 2020
- UEN has an active PayNow Corporate account
- UEN is using InvoiceNow
If there is any criterion above that you do not meet, you may contact us (6838 0161 or email to enquiry@whyze.com.sg) so that we can further discuss with you on how to fulfil the eligibility criteria.
Furthermore, Food Services and Retail enterprises that use solutions from the following 3 pre-defined categories can receive bonus payouts of up to $10,000.
Category 1 – Business Process Solution ($2,500 payout)
Your enterprise is using all 3 qualified solutions below at least once a month.
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Food Services
- Accounting
- HR/Payroll
- Digital Ordering (Dine in/Takeaway)
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Retail
- Accounting
- HR/Payroll
- Inventory Management
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Category 2 – Digital Presence ($2,500 payout)
Your enterprise is using a qualified solution to enable sales via an Online Shopfront or via Online Food Delivery at least once a month. Or, your enterprise is making purchases on an e-Procurement platform at least once a month.
Category 3 – Data Mining and Analytics ($5,000 payout)
Your enterprise is using a qualified solution for Data Mining and Analytics to obtain insights on how to improve business operations at least once a month.
More information about DRB can also be found on IMDA’s website.
Whyze Solution is a qualified provider for their HR/Payroll solutions. If you need any clarification on how you can benefit from Digital Resilience Bonus you may contact us (6838 0161) or email your enquiry to enquiry@whyze.com.sg