SMEs can tap digitalisation, grants to mitigate rising costs: business leaders

AS SMALL and medium-sized enterprises (SMEs) in Singapore grapple with rising costs, they should consider adopting digital tools and making greater use of government schemes to mitigate these costs, said business leaders at a post-Budget webinar on Tuesday (Mar 14).

By doing so, SMEs can also lay the foundation for a more productive and efficient business, which is crucial in today’s volatile and uncertain macroeconomic environment, said panellists at the Xero Community: SG Budget 2023 event hosted by global small business platform Xero and the Singapore Business Federation.

“Digital solutions are critical to business survival and staying competitive in what’s frankly an incredibly competitive environment,” said Koren Wines, managing director of Xero Asia.