The advent and continued impact of COVID-19 have taught us just how invaluable remote work and digitisation is to our businesses.
As a business grows, one of the major obstacles faced is a lack of integrated internal systems. Most organizations end up settling for software that is a good fit for them at that time and purchase them for company wide use. This software will usually lack the necessary requirements to seamlessly transfer information from one another, which can lead to human error and many more problems. Take a look at the risks of not considering a seamless integration platform and what businesses can do to curb these problems!
SME's have been shown to be the most impacted businesses when COVID-19 hit in 2020, specifically those in the hospitality and food industry - a study conducted by the Reserve Bank of Australia (RBA) showed over 60% of businesses surveyed reported more than 50% of a decline in revenue. While cases rise and fall all over the globe, we’ve gathered a few key pointers that can help SMEs navigate these few more months of uncertainty.
Every now and then we hear about a major data breach at a large company, whether that’s at T-Mobile, Microsoft, or Solarwinds. These events can often leave us feeling that something like this could only occur to Fortune 500 companies, however research shows that this is not the case. According to a report by SCORE, a non-profit organisation that supports small businesses, 43% of cyber attacks were conducted against small to medium firms. We've listed some things for SME's to consider in regards to the importance of data protection.
The FinTech industry has certainly continued to grow despite the challenges brought about by the pandemic. Its resilience owes to the ever-growing demand for financial products that exploded when most people decided to switch from traditional models to digital models. Now that business owners have been exposed to the importance of automated bookkeeping models, what can we expect to see from the flourishing FinTech industry? Take a look at what we've found.