There are over 5.4 million micro SMEs with fewer than nine employees operating in the UK, according to the House of Commons library. Accounting for over 33% of jobs across the country, these businesses are a vital cog in the UK’s economy. Small businesses bring wealth and employment to the UK – and above all, competition. There are an estimated 210,00 of them operating in the UK with fewer than 50 employees, making the need to manage cashflow and outgoings crucial.
At the same time, the success of these SMEs is being held back by a lack of automation as multi-tasking staff struggle with manual processes and increasingly complex operational burdens.
The good news is that technology vendors are beginning to offer affordable solutions to automate key business functions for the SMEs, freeing up staff to add value to the business, drive growth and build relationships with their customers.
In this video we explore one partnership looking working towards doing just that.
The post A partnership embracing the technology revolution for SMEs appeared first on Accountancy Age.
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A partnership embracing the technology revolution for SMEs