SMBs are doing their best to keep their heads above water in challenging economic times. For many, finding new markets and customers still remains an important priority in order to support growth.
SMBs represent an incredibly diverse environment, with the demands of a micro business with 2 or 3 employees differing sharply with a business that turns over 7 figure sums with 200 employees. However, for any business, great or small, the need for an effective finance strategy to manage operational workflow is imperative. From the ‘frontline’ where employees are making and chasing day-to-day payments, to the top where budget and forecasting decisions are made, any lack of continuity creates commercial pressure.
Read more from the Executive Summary of the SMB Finance research.