Supporting SMEs
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Benefits of switching to online financial management solutions
Benefits of switching to online financial management solutions Switching to online financial management solutions can offer major efficiency and productivity benefits for small businesses as well as bringing new clarity to payments. Predictable cash flow is a significant aspiration for small firms in a world where late and failed payments create major accounting issues. With...
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Overcoming cash flow and invoicing challenges to boost small business productivity
Small businesses are the backbone of the UK economy but are lagging significantly in terms of digitalisation and, as a result, productivity. Small and medium-sized enterprises (SMEs) are the backbone of the UK economy. In 2023, they accounted for 61% of all UK jobs, with the vast majority of companies employing fewer than 250 people....
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Navigating the cash flow crisis
Small business owners are being kept awake by cash flow worries. Adopting digital tools can give them better insights into their finances to plan ahead for the future. The last twelve months have presented several economic challenges for small businesses. From high inflation, supply chain shortages and slow demand growth all weighing heavily on owners’...
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New manufacturing approaches for SMEs to digitalise and achieve net zero
A world-leading manufacturing research centre is helping small and medium enterprises through digital transformation and their journey towards net zero carbon emissions. As SMEs prioritise rising costs and global competition, achieving net zero has become less prominent. However, industry experts recommend investing in technology and reviewing processes as a dual solution — benefiting both the...
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Why UK Government shouldn’t overlook small business innovation
As small firms account for 99% of the business population, it’s vital to encourage tech adoption and innovation in the small business community. The use of technology and innovation is a major force in economic growth. A Federation of Small Businesses (FSB) report — The Tech Tonic — shows that 7 in 10 (69%) small...
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Five reasons SMEs are taking climate action
Being part of the climate action solution can be a motivation in its own right. However, several other factors are also driving small and medium-sized enterprises (SMEs) to take action now. They include these five vital reasons. 1. It makes strong business sense Often, what’s good for the climate (and for reducing a company’s emissions...
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Simple communications upgrade will help SMEs transform operations
The PSTN Switch-off is something every business owner in the UK must be aware of, so take the time to read this essential information. The imminent Public Switched Telephone Network (PSTN) Switch-off in the UK presents a unique opportunity for small and medium-sized enterprises (SMEs) to embrace and benefit from this landmark change — transitioning...
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Bank points out why we need SMEs — and how to encourage them
The banking sector has a pivotal role to play in supporting small businesses. SMEs are the lifeblood of the UK economy, accounting for three-fifths of UK private sector employment. Lloyds Banking Group’s CEO of Business and Commercial Banking, Elyn Corfield, points to the pivotal role of the banking sector in offering relevant support — whether...
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Advertising platform gives SMEs a simple way to reach relevant audiences
A new digital advertising platform is offering small and medium enterprises (SMEs) the opportunity to connect online with relevant target audiences. Finding the most effective ways to market products to a target audience in the current economic climate can be a challenge for smaller firms. While the social media space can be crowded and budgets...
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Helping SMEs move forward on their net zero journey
SMEs are the lifeblood of the UK economy and play a crucial role in the country’s transition to net zero. However, they need help and certainty from Government to navigate their journey. There are many trailblazing companies already innovating and making a real difference. However, our research shows that many small firms simply don’t understand...
Business & Industry