During the Smart Nation Summit in 2019, Prime Minister Lee Hsien Loong strongly emphasised the importance of embracing and utilising science and technology in Singapore. “People must not be anti-tech or anti-science, because that would hold back progress and be the end of us.”
Despite the salient benefits of digital connectivity, many are still hesitant to invest in digitalisation. This is attributed to the high cost of investment in digitalisation, based on a study by insurance company QBE. This has deterred 40% of SMEs lacking funds and expertise to do so.
Money was tight in several households in Singapore and thus the government has rolled out several monetary initiatives. Thus, this would help Singaporeans combat the brunt of the pandemic by tapping on our reserves. Some of these initiatives are the Stabilization and Support Package, the Resilience Package and the Solidarity Package. These initiatives have softened the blows thus far and allowed us to emerge stronger together through the pandemic.
While most companies are aware of the need for continued digitalisation, many still lack the ability to transform their businesses. This is due to the lack of manpower and resources. In fact, 3 in 5 companies shared the same sentiments that digitalisation is necessary to overcome the impact of COVID-19.
Singapore’s retail business was one of the many industries that was greatly affected by the global pandemic. Today, many businesses are adopting different IT and digital solutions so that they can improve their business efficiency and grow their business.
The Digital Resilience Bonus (DRB) has expired on 30th June 2021. For current grants, kindly contact the EPOS sales team.
Singapore’s lockdown measure to curb the spread of COVID-19 was a significant blow to many businesses. Thus, with a lack of foot traffic, many retailers have closed their shutters for good.
When setting up a local company in Singapore, there are a lot of factors you need to prepare. However, as a new company set up in Singapore, you need a more efficient and cost-effective solution to monitor your business sales. What you need is a POS system.
Many businesses are switching from cash registers to point-of-sale (POS) systems to better manage and grow their business. If you are looking to upgrade your POS system, you can also follow this guide. Find the perfect one for your business!
Many businesses are making the switch from cash registers to POS systems. In this article, we compare both cash registers and POS systems to identify which system is best suited for your business.
