Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the bb-booster domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6114
NEW REPORT SHOWS MORE THAN HALF OF SMES IN THE UK ARE EXPECTING TO GROW IN 2022 - London TV

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

by London-TV in Business

Global expenses app, ExpenseOnDemand, believes small businesses need to adopt tech solutions to automate processes to support expansion as new report shows more than half of small businesses (54%)* are expecting to grow in 2022 as optimism rises to 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 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 twelve 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 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 while offering a secure and safe service for remote employees in multiple locations.

Sunil Nigam, Founder at ExpenseOnDemand, commented, “It is great to see so many small business owners and directors feeling so positive about 2022. 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 will allow you to automate all your 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. At ExpenseOnDemand we offer a 30-day free trial, with the option to “pay as you use” model, allowing our clients to have flexibility and reassurance that they aren’t tied into a long-term commitment.”