More Money, More Problems?
SAP’s second Think Bigger Guide looks into the challenges and benefits of managing finance
SAP UK Limited has today launched the second in a series of informative and practical guides designed to help small and medium sized enterprises (SME) make business critical decisions which will enable them to grow. Following George Osborne’s recent Autumn Statement which addressed a number of financial issues (including capital allowance and fuel tax), this guide turns to the topical issue of money and finance, and is available to download now at http://www.thinkbiggrowfast.net/money-guide/.
The guide contains tips on how to address everything from cashflow to government support schemes; investment opportunities to the role of the IT department in managing finances, and offers top tips on what changes business owners can make right now to get their finances in order.
The guide includes advice from industry experts, including Phil Cox, Head of EMEA and India and President of UK Branch, Silicon Valley Bank International, as well as comments and insight from SMEs, including Cad & Dandy. The guide also contains SAP research offering insight into the biggest financial and monetary challenges for fast-growing and aspirational SMEs in the UK & Ireland.
John Antunes, director of SME & Channels, SAP UKI said: “Finance can be a tricky issue for businesses of all size, but the approach to managing money can be a clear differentiator between SMEs. Rather than accepting existing processes and making the best of a bad system, SMEs need to consider new ways to approach financial management.
For some reason, finance is the one area most often neglected when it comes to updating processes. Thinking beyond the cashflow you are managing today to how you will manage increasingly complex transactions as your business grows, is key. A ‘Think Bigger’ mentality will enable overall profitability and give your business the room it needs to expand.”
The ‘Think Bigger Guides’ are part of an ongoing initiative by SAP to support and inspire SMEs in the UK. In addition to the guides, SAP has already launched an advice and ideas-sharing website www.thinkbiggrowfast.net. The site combines the thoughts, opinions and advice of a wide range of business leaders, successful SME owners and managers, and some of the country’s top business journalists and thinkers.
The SME market is of significant importance to SAP. These companies account for a large proportion of SAPs revenues and are a major strategic focus for the future growth of the company. Of SAP’s global customers just under 80% are small or medium businesses.
This year SAP will launch another Think Bigger Guide, focusing on Management. For further information on the publication these reports visit: www.thinkbiggrowfast.net or to register your interest email: firstname.lastname@example.org.
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All figures quoted from the SAP Think Bigger Index Report, unless otherwise references. Methodology: The research, conducted by Loudhouse – an independent research consultancy based in London – is based on a survey of 250 senior managers with decision-making responsibility from UK SMEs across a spread of sectors. Company size ranges from 50 to 250. The survey took place during June 2012.
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