UK SMEs face significant barriers in cross-border trade, with many grappling to align their growth ambitions with the realities of international commerce. Read this blog to learn about 5 financial solutions to the most common challenges of cross-border trade.
Collaborating with an external financial partner can make it easier for SMEs to fully operate at scale without committing significant resources, in addition to optimising their time to market and letting them focus on the main objectives of a business.
Most businesses struggle with long cycle times and high-cost invoice processing, and in the case of SMEs, process efficiency can be critical to keeping up with growth. However, misconceptions about accounting automation processes often hold business leaders back.
It goes without saying that a company’s financial future may be jeopardised if its accounting system is not effectively managed.