Intelligent SME.tech Issue 18 | Page 59

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MORE THAN HALF OF SMES IN THE UK ARE EXPECTING TO GROW IN 2022

Global expenses app , ExpenseOnDemand , believes small businesses need to adopt tech solutions to automate processes to support expansion as a new report shows that more than half of small businesses ( 54 %) are expecting to grow in 2022 , as optimism rises to the highest level since 2019 .

The report went on to show that on a regional basis , growth aspirations were highest in London with 57 % of businesses expecting growth , compared roles and help the business grow . It is also essential that businesses source solutions that offer flexible contracts and allow for SMEs to reduce or expand their use as demand fluctuates .
ExpenseOnDemand automates every aspect of managing company expenses and integrates with Xero / Sage and QuickBooks ensuring the app remains a market-leading solution for businesses around the globe and that it continues to work seamlessly to the lowest figure of 29 % in the combined North East / Yorkshire regional cluster . In terms of business sectors , manufacturing was the most pessimistic about 2022 , with only 36 % expecting growth and 2.5 % of businesses in this sector anticipating that they will permanently close at some point in the next 12 months .
For many small businesses utilising the right tech to help automate processes will be a critical part of their business growth during 2022 . By sourcing tech solutions for these procedures ’ companies can limit the increase in wages and other expenses and optimise staff time so they can focus on core while offering a secure and safe service for remote employees in multiple locations .
“ It is great to see so many small business owners and directors feeling so positive about 2022 ,” said Sunil Nigam , Founder at ExpenseOnDemand . This growth is being driven by economic demand and the increase in tech solutions available to help seamlessly manage many aspects of running a business . ExpenseOnDemand automates all staff expenses and we pride ourselves on ensuring our tech is market-leading and our costs are not only completely transparent but also very competitive .” �
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