This indeed is the
era of small and medium sized enterprises, which is popularly known as SMEs.
SMEs of all types in UK are geared up to be a part of UK economy growth. For it
to happen SMEs are considering cost effective aids that can empower them to
become agile to compete with the larger players out there in the market.
Less cost. More
Gain
The world is
shrinking, as technology is helping SMEs to expand rapidly. Technology brings
to table the comfort of everything at one place; you can monitor, analyse and
make decisions independently. Each SMEs love technology that actually reduces
there overhead and increases productivity. This in return helps them to move
forward faster.
Limited Budget
Unlimited Possibilities
All
technology-driven processes – accounting, bookkeeping, payroll, HR help SMEs
adopt paperless work environment. SMEs are also willing to adopt it, once they
are convenience that it will actually help them stream-line work at lower costs
compared to the existing process.
No doubt everything
boils down to the cost and budget. It is a not a rocket science, when it comes
to choosing the right technology platform for your SME. All you need to do is
analyse your requirement and set your budget.
Added Value
Delivered
Let’s take the
example of accounting. Employing a full time accountant can be taxing on the
limited resources of any SME. For any small sized business any kind of
recurring monthly cost can be a burden. At the same time, accounting is one
crucial aspect of business which if ignored can land you in a lot of trouble
later. One smart way of addressing the situation is to opt for outsourced bookkeeping
services. These services offer qualified and reliable accountants on hire, who
can help SMEs maintain their books of accounts as per regulations in a cost
effective manner.
Flexible Partnership
For Growth
Gone are the days
when one had to lock into fixed, extensiveand lengthy contracts in order to
avail smart solutions. These days there are many provider out there who can
provide SMEs effective tailor made solutions without burning a hole in the
pocket. SMEs want to break free from out dated
commercial models and embrace innovative technology and services that are
flexible, and come without a steep price tag.
We are turning a
corner now and with the advent of crowd funding, business accelerators and a
Great British entrepreneurial culture there is no better time to start a fast
growth business than right now.
Author: Sachin Lohade is a Chartered Accountant and works with Accounting Firms to improve practice and reduce costs. He can be reached out at sachin@corientbs.com or you can visit www.corientbs.co.uk
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