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SME Business Issues

FINTECH: Potential Solution to the SME Access to Finance Issue

News from the Fintech ‘front’ in Australia:  Fintech (financial technology) is a line of lending businesses using software for the purpose of disrupting incumbent players such as banks. Fintech companies work outside current banking regulations.  The attraction of fintechs is the expectation of a “quick yes” via a streamlined online approval process. Fintechs tap into a huge diverse of unstructured ... Read More »

SME Access to Finance: New RBS Allegations Highlight a Brutal Climate for SME Borrowers

While the G20, in tandem with other government or non-government institutions, are trying to prop up the SME sector by providing better access to finance, it is disturbing to note that some financial institutions have been rather heavy handed in dealing with SMEs.  It is no surprise that the SME sector is increasingly dependent on alternative finance such as factoring, ... Read More »

Foreign Due Diligence ‘Crunching’ Start-ups in India

Company background checks by foreign equity funds are denying Indian start-ups the capital they need to reach the growth stage after they’ve acquired seed funding by domestic investors. While angel investors and accelerators have been broadly supportive of innovation in India across sectors ranging from IT to healthcare, closer scrutiny by larger foreign investors have stopped start-ups progressing to the ... Read More »

LexisNexis Teams Up with Tech Giants to Offer “Hat Trick” of Business Tools to Small Law Firms

“Better Together Bundle” Combines Package of Products – Including Microsoft Office 365 and GoDaddy Hosting – Specifically Designed for the Small Law Attorney LexisNexis® Legal & Professional announced that the LexisNexis Firm Manager® team will offer a new “Better Together Bundle.” The bundle combines three essential business products or services – secure, easy to use online practice management, Microsoft Office 365™ productivity ... Read More »

Alibaba Signs MOU with the Confederation of Indian Industry (CII)

Alibaba Group has signed an MOU with the Confederation of Indian Industry (CII) to collaborate on trade and e-commerce opportunities between Indian and Chinese small and medium-sized enterprises (SMEs) through its B2B arm – Alibaba.com. Under the MOU, Alibaba will work with CII to run e-certificates programmes in India and help Indian SMEs to develop their business by engaging in ... Read More »

Employment Screening ‘Critical’ to Success of Small Businesses

A new study shows 64% of small companies in the United States have discovered inaccuracies during employment background checks, while experts warn firms who fail to identify them risk prolonged financial pain. Employee screening mistakes, failure to budget for background checks and not having a suitable due diligence process in place at the hiring stage is becoming ever more costly ... Read More »

Country Risk Climate USA: Small Business Optimism Grows

The National Federation of Independent Business reported that its business sentiment index rose to 98.1 in November, 2 percentage points higher than it reported in October and the highest reading since February of 2007. There was a significant increase in the outlook for the economy over the next 6 months. The change in Congress, dropping energy prices, generally good macroeconomic ... Read More »

Experian Research:  UK SMEs Lax on Checking Credit

Almost 85 per cent of UK SMEs operating internationally do not check the credit reports of overseas customers and suppliers.  Experian’s SME Reputation Index highlights how SMEs trading abroad are risking exposure to bad debt and cash flow problems Almost 85 per cent of UK SMEs who operate internationally do not check the credit history of potential overseas customers or ... Read More »

EU Commission Publishes SME Performance Review

The SME Performance Review is one of the main tools the European Commission uses to monitor and assess countries’ progress in implementing the Small Business Act (SBA) on a yearly basis.  With an emphasis on the measures from the SBA Action Plan, the review brings comprehensive information on the performance of SMEs in EU Member States and other 9 partner countries. It ... Read More »

Coface Hong Kong Offers Online SME Credit Insurance

Coface Launches an Innovative Offering For SMEs in Hong Kong: Easyliner, a Simple On-Line Solution to Protect Against Unpaid Invoices Coface is introducing an innovative solution targeted at SMEs, recognizing that a quarter of bankruptcies are linked to unpaid invoices.  SMEs are particularly vulnerable to the consequences of unpaid invoices, because they are the least protected.  SMEs are also the ... Read More »

How to Channel Innovative Finance to SMEs

The Financial Times recently published an article written by Matt Gamser and Paul Lee concerning access to finance for SMMEs.  Gamser and Lee point out at the end of the article that there is no single solution for financing SMMEs, but in institutional diversity there will be greater support for innovative firms.  Governments should support the responsible growth of these ... Read More »

US Country Risk Climate:  Small Business Remains Unconvinced

According to the National Federation of Independent Business the majority of those in their polls are still far more cautious than excited and most are anticipating that conditions will worsen before getting substantially better. These are the companies that employ 500 or fewer people and they are the most important contributors to the hiring numbers from quarter to quarter. The ... Read More »

Internet Should Be Driving Indian SME Growth

It is no secret that SMEs drive ecosystems.  The same applies for India.   There are nearly 48 million SMEs in the country who provide a variety of services or are engaged in the manufacture of intermediate and finished goods, collectively accounting for a sizeable share of India’s industrial output.  While the sector employs 40% of India’s workforce, it contributes only ... Read More »

Business.com Launches Next Generation of Product and Content

Business.com launches next generation of product and content to assist SMEs with BDC Market Experts.  These experts will provide daily, weekly, and monthly content that fits the unique business needs of our leaders and where they are in the buying process.  Starting in August, market experts in finance, marketing, sales, human resources, technology, and entrepreneurial will be featured on Business.com. ... Read More »