Businesses face tipping point as Covid-19 and Brexit fuel concerns over barriers to international commerce
These issues are acutely felt by small businesses, who are more hesitant than their enterprise counterparts to start making international payments (38% vs 10%).
- These issues are acutely felt by small businesses, who are more hesitant than their enterprise counterparts to start making international payments (38% vs 10%).
- For businesses of all sizes, priorities focus on keeping cash in and centred on survival rather than business transformation and digital acceleration.
- This figure drops to 52% for smaller businesses who are less likely to have sufficient reserves to make these changes.
- Decision-makers tend to use more than one method to manage cashflow, with 37% of small businesses still using manual calculations on Excel.