Tag Archives: Financial Reporting

Financial Reporting Challenges SMBs Face!

For any business whether small, medium or big, the significance of financial reporting cannot be underestimated – it provides information about the financial position and changes in the financial situation of a business. However, the flip side of that coin is that financial reporting is complex and many businesses find it challenging to assemble the right team of people that can keep them in compliance as well as provide timely information in a format that allows their management team to make informed decisions when needed.

Some ‘Financial reporting’ challenges that are faced by small and medium businesses (SMBs) are outlined below:

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Surviving and Thriving: Key Challenges facing SMBs in the Technology Industry

August, 2017 - The United States has the most advanced technology services industry in the world. According to Financial Times, Silicon Valley groups occupy the top five spots among the world’s most valuable companies. The industry accounts for 7.1% of U.S. GDP and 11.6% of U.S. private sector employment. There are approximately 388,000 software and IT services companies in the United States, of which more than 99% are small, medium and micro sized firms. These firms operate in a mature, stable market which has a reputation for producing reliable and effective solutions that accelerate rapidly to the marketplace. Continue reading Surviving and Thriving: Key Challenges facing SMBs in the Technology Industry