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New data from intuit Quickbooks reveals financial fragility among UK SMBs
Intuit QuickBooks’ latest quarterly Small Business Insights Survey reveals that small and medium businesses across the UK are facing mounting financial pressure, with 57 % predicting costs will rise over the next three months and that, of these, 64 % are worried about the negative impact on their business. Nearly half( 47 %) report ongoing cash flow challenges, while 51 % admit financial or resource management hurdles are holding their business back.
As SMBs struggle with increased international supplier costs, supply chain volatility and economic uncertainty, Intuit QuickBooks urges urgent adoption of smarter financial management processes. The findings highlight a stark need for better financial planning and financial guidance to help businesses navigate ongoing headwinds.
Pauline Green, Head of International Compliance at Intuit, said:“ SMBs may not be able to control global markets, but they can control their finances and be better prepared for changes. In the face of rising costs, supply chain pressures and economic uncertainty, robust financial planning procedures play a vital role in helping businesses stay on the front foot.” Further key stats from the Insights Survey show:
• Fifty-seven percent predict costs will rise over the next three months
• Among those expecting cost increases, 64 % are concerned about the impact
• Forty-seven percent are facing cash flow challenges
• Forty-two percent source from overseas, exposing them to global cost pressures
• Fifty-one percent say poor financial or resource management is holding their business back.
Wiise and Tasklet Factory partner to transform warehouse management
Wiise, a fast-growing cloud enterprise resource planning( ERP) platform for small-and medium-sized businesses, has announced a new partnership with Tasklet Factory, a global
Warehouse Management System( WMS) provider, to help Australian and New Zealand businesses streamline and digitise their warehouse operations.
Trusted by over 2,000 businesses globally, Tasklet Factory’ s WMS powers barcode scanning solutions across industries such as distribution, automation, healthcare and retail, with customers including Baumer, Johnson & Johnson, Arsenal and the IKEA Museum.
By integrating Tasklet Factory’ s WMS into Wiise’ s ERP and accounting software, the partnership will provide end-to-end visibility across warehouse and business functions, tailored to the needs of small- and medium-sized businesses across ANZ.
The partnership responds to increasing demand for integrated mobile warehouse tools that eliminate manual processes and seamlessly connect with broader business systems.
Charlie Wood, CEO of Wiise, said:“ Tasklet Factory brings deep expertise in mobile warehouse technology. Together, we’ re solving a real pain point for businesses that need to manage inventory and logistics more efficiently while navigating complex supply chains. This partnership means our customers can access a world-class warehouse solution that integrates seamlessly with Wiise’ s ERP platform.” �
10 Intelligent SME. tech