The SME exodus: How traditional banks in Australia and New Zealand can regain lost ground in the SME space
Digital disruptors have eroded the market share of traditional banks, but major players can win back SMEs with seamless, customer-focused solutions.
Send Payments strengthens Board with two significant appointments
Send Payments have announced the appointment of Jon Sutton and Lloyd Harris to its Board of Directors.
SME’s planning to partner with non-bank lenders is set to increase
The share of SMEs planning to partner with non-bank lenders for new investment in the next six months has increased to a record high of 54%.
Five strategies for SMEs to navigate record wage rises
There are solutions SMEs can adopt when faced with record wage hikes, including working capital solutions for businesses of all sizes.
Two-thirds of SMEs used uncapped Instant Asset Write-Off Scheme: Average spend exceeded $90,000
Only 63% of Australian SMEs took advantage of the uncapped Instant Asset Write-Off Scheme in the last financial year.
SMEs slow to embrace the productive potential of AI
Just 15% Australian SMEs have implemented Artificial Intelligence technology in their business or will do so soon, while 85% have no plans to use AI in their near future.
SME growth forecasts hit seven-year highs in wildly fluctuating market
The wildly contrasting predictions are contained in the latest round (Q3, 2023) of the country’s longest running SME pulse check, by ScotPac.
SMEs seek more Australian suppliers in supply chain resilience plans
More than a quarter (28%) of Australian SMEs plan to add new domestic suppliers in preference to international suppliers in the next 18 months to build greater supply chain resilience.
