// PREDICTIVE INTELLIGENCE // combining software and financial infrastructure into a single , unified platform , allowing small businesses to focus on global expansion rather than routine tasks .
Improving reporting across regions
Accurate financial reporting is what underpins the success of small businesses operating on a global scale . The UK ’ s proximity to European markets offers opportunities , but nearly half ( 47 %) of UK finance leaders lack confidence in their financial reporting accuracy across regions , creating problems for conducting business across borders .
For a small business , a disjointed picture of finances further complicates global operations . Any potential blindspots could create compliance problems , difficulties in forecasting cash flow and even result in missed growth opportunities for the business .
To increase real-time visibility and accurate reporting , companies should adopt platforms with built-in automation and scalability . Similar to spend controls , this requires having unified spend management systems .
Managing spend and reporting may feel like a mountain for small business finance teams to climb , but for those wanting to achieve global success , unifying spend management into one platform is the ultimate solution . Removing the friction , errors and a lack of financial visibility from multiple systems is the only way small businesses can make better decisions and position themselves for global growth . �
Immy Spence , Head of SME Growth , Airwallex
Intelligent SME . tech
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