SMEs expect business to record significant growth over 2014, study suggests

Small and medium enterprises (SMEs) are quite confident about their future and expect business volumes to grow over the course of 2014, new research reveals.

According to a media source, figures obtained from the Funding and Finance market research report by chartered accountancy group Monahans in conjunction with the MHA, the UK association of accountancy and business advisory firms, suggest that close to 40% of all SMEs expect their business to grow over the coming year.

The study focused on the companies' experiences of funding and raising finance in 2013 and their expectations for 2014 and involved a sample of 225 small and medium enterprises across various industry sectors.

Results suggest that 40% of respondents expect growth of over 10% in 2014, while 58% of respondents found fundraising "very easy", "easy" or "average".

Small and medium companies who expect a growth in the business volumes over the next year should also plan ahead and implement efficient workforce management systems that would enable them to lower admin costs whenever new employees join their rosters.

Tensor plc has quite an extensive experience in the aforementioned sector, that will certainly help companies of any size save a lot of time and money.

Our WinHR suite enables managers to save and easily access a wide array of data pertaining to each of their employees, thus allowing them to better use the available resources and skill ranges at any given moment.

Moreover, Tensor's range of products offer both a high level of reliability and good value for money, which means that companies who do decide to implement our solutions will immediately see the returns, without taking a hit as far as their balances are concerned.

If you'd like to find out more about the range of workforce management and Time and Attendance solutions supplied by Tensor, just contact us or Book a Demo, our representatives will be more than happy to answer any questions or queries you might have.