Tags: UK

Could lost service productivity cost >$5 trillion annually?

ERP services vendor Unit4 commissioned an independent multi-national research study into productivity in the global service industry. It focused on the time office workers spend on primary work. The results show that on average, office workers spend 552 hours a year completing administrative or repetitive tasks. In the UK the average is 636.67 hours. This is the equivalent of nearly…

Cloud infrastructure reality outperforming perception

Cloud infrastructure reality is outperforming perception claims Oracle. Nearly half of UK companies plan to run their business on cloud infrastructure within three years according to a recent study. This appears to confirm that UK businesses are embracing cloud infrastructure (IaaS) to boost performance and innovation levels. Negative perceptions persist – primarily around security, complexity and…

Xero crosses million subscriber hurdle

Xero has announced that it has reached one million subscribers. In the last two years it has doubled its subscriber numbers, adding 300,000 in the last year alone. That growth has been helped by the rapid acceleration of numbers in the UK, as its market presence there matures. The bulk of its subscribers are in…

Things to consider when buying a business in the UKs

According to a report by BDO, M&A (Merger and Acquisition) deal activity showed a huge jump in Q4 2016 compared to Q3 2016. It was also a record for quarterly M&A activity since Q2 2008. In the final quarter of 2016, trade buyers completed 672 deals and showed no signs of reducing their appetite for…

Sage fund to help small non-profits

Sage has announced that it has set aside $1 million to help fund initiatives in non profit organisations across the World. The amount equates to about £800,000 and will be donated in grants between $5,000 and $35,000. Global not just UK While the press release states that the fund is available to applicants in the…

Late payments harm SME’s

Xero recently carried out research among 517 small businesses in South Africa and revealed the impact of late payments on them. The research was carried out by Frontline Market Research, but similar results are seen in most other countries one suspects. Almost 50% of UK SME’s are paid late according to Bacs Payment Schemes Limited. The…

Before and after – Article 50 and the European supply chain

The British decision to leave the European Union has left many businesses – both UK and pan-European – in a state of shock.  The short-term fluctuations in currency and markets have given way to a profound sense of uncertainty. Political arguments continue and businesses try to prepare for an ever-increasing range of various scenarios. Amidst…

Xero gains through pain

The cloud accounting company Xero has announced substantial growth in the first half of their current year. Revenues are up 48% (55% in constant currency to NZ$137.2). Subscribers have also increased in every major region. They added 269,000 subscribers in the previous 12 months, an increase from the 12 months to March 2016 when they added…