Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Top Stories



Huge market growth opportunity for financial management apps and platforms

Small businesses are set to propel the adoption of financial management cloud solutions, according to new research from cloud services provider, BCSG.

The study predicted that financial management apps on the cloud will see an increased adoption rate of 33 per cent over the next three years, representing a market growth opportunity of 75 per cent, as SMEs increasingly turn to cloud solutions to cover tasks such as bookkeeping, expense management and automatic invoicing.


Across the wider spectrum, the research also found that almost two thirds of SMEs (64%) in the UK currently have an average of three cloud solutions in place to manage and streamline tasks such as processing payments, legal documents and IT support. But as awareness of cloud technology grows, forecasts suggest that this figure will increase to an average of seven solutions over the next three years.

Recent estimates from Gartner analysts predict that the overall cloud market will be worth £235bn by 2017.

This echoes findings from McKinsey, which predicted that, by 2015, SMEs would have an approximate 50 per cent share in the global cloud market, equating to $28bn (£17.9bn).

Commenting on the research, John Davis, Managing Director at BCSG, said: “SMEs are incredibly important to maintaining a healthy business environment – in fact, they make up 95 per cent of businesses in the UK, as well as accounting for half of the global economy. So it’s absolutely vital that they have the tools they need – such as cloud apps – to help them keep their finances in order, remain flexible and effectively compete with bigger companies.”

“Support and enthusiasm for cloud is already strong, as our research shows, but over the next three years it’s likely we’ll see SMEs using a wider variety of apps and solutions as cloud progresses from an early adopter phase to a mainstream solution.”

Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate


Newsletters with Secrets & Analysis. Subscribe Now