Cloud is set to boost UK SMEs across the board

Small and medium-sized businesses (SMBs) in the UK are currently in the post-pandemic recovery phase, and believe cloud technologies could be a major enabler. These are the conclusions of a new report from software firm Epicor, based on a poll of 1,250 decision-makers in the UK and the US, which states that almost three-quarters (73 percent) expect their business to …

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The security priority: why SMEs need strong cybersecurity strategies for survival

According to Hiscox, in the UK one small business is successfully hacked every 19 seconds, with small UK businesses facing around 65,000 hacking attempts on a daily basis.  While these numbers are a current reality, they do not have to be the future. Cybersecurity has historically been seen as an abstract, complex and expensive add-on which does not directly contribute …

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Many SMEs are struggling with outdated technology

Small and medium-sized enterprises (SMEs) don’t have the money to obtain the most innovative technologies, a new report from the digital workspace firm Gridfox suggests. As a result, they can’t bring in and retain the most talented employees, hampering growth and their ability to compete with larger organizations. According to the report, this is true for 84 percent of small …

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UK SMEs aren’t getting the cash flow they need

Multiple lockdowns and changes in consumer habits have had a negative impact on cash flow for most small and medium-sized businesses in the UK. This is according to a new report from lending platform CapitalBox, which surveyed 250 UK SMEs and found that more than two-thirds (68 percent) have suffered. For a quarter of those that reported troubles with their …

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SMEs are wasting billions on admin every year

Small and medium businesses (SMB) in the UK are spending huge amounts of time and money on administrative tasks, but many don’t see the need to streamline the process with software. This is according to a new report from HR software provider Breathe. Polling 375 senior decision-makers in the UK, the company found an average company spends an hour a …

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SMEs may need to rethink their security strategies

Cybercriminals rarely scale their attacks relative to the size of the company they are targeting, instead using the same tools and tactics regardless of who they’re up against. And according to a new report from Cynet, considering the fact that large enterprises have more resources to combat these threats, that means that small and medium-sized businesses (SMB) are at more …

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Most SMEs are hopeful of recovery this year

Small and medium-sized business owners across Europe believe their organization will fully recover from the economic effects of the Covid-19 pandemic this year. For the wider economy, most think recovery will take up to two years, while others believe it might take longer. This is according to a new report from the SME funding platform CapitalBox, which states that businesses …

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