Aligned to the Professional Services Industry Transformation Map and Accountancy Roadmap launched in 2018, the Accountancy Industry Digital Plan (IDP) is part of the SMEs Go Digital programme which aims to make going digital simple for SMEs. The Accountancy IDP provides an step-by-step guide on the digital solutions local Small and Medium Practices (SMPs) can adopt at each stage of their growth.
The Infocomm Media Development Authority (IMDA), in partnership with the Singapore Accountancy Commission (SAC) and the Institute of Singapore Chartered Accountants (ISCA), has jointly developed the Accountancy IDP. The IDP will continue to be updated over time as the industry progresses and newer, more relevant technologies are introduced.
Who is it for?
The Accountancy Industry Digital Plan is developed for local accounting entities, especially SMPs.
The IDP provides a step-by-step guide on the digital solutions to adopt at each stage of your growth. For a start, you can use the IDP to find out if your business is digital-ready.
You can refer to the Digital Roadmap of the IDP, as a guide to assess your digital readiness and identify opportunities for going digital and training to raise employees' digital skills.
Consultancy and Digital Project Management Services
- Basic Advisory
To get a more comprehensive review of your business, you can approach the SMP Centre for business diagnosis and advisory on digital solutions relevant to your operations.
- Specialist Consultancy
SMPs requiring specialist consultancy on more advanced digital solutions will be referred by the SMP Centre to Principal Consultants at the SME Digital Tech Hub.
- Digital Project Management Services
SMPs can also engage Digital Project Management Services to support them in the implementation of the digital solutions. The project managers can help with business processes re-engineering and job redesign to get the maximum benefits and have more sustainable outcomes from going digital.
To make it easy for SMEs to adopt digital solutions recommended in the Accountancy IDP, IMDA provides a list of pre-approved solutions assessed to be market-proven, cost-effective and supported by reliable vendors. SMEs can visit the SMP Centre to take up pre-approved solutions with grant support.