ScaleFactor Announces Inaugural State of SMB Finance Report

▤ Summary

Data from the survey provides a comprehensive overview of current finance and business growth trends, including the usage and preferences of accounting software solutions. The majority of survey respondents showed stable or growing revenue numbers for 2019 compared to that of 2018. Salary costs were reported as four times more likely to be a hiring impediment than the current competitive labor market. “We are experiencing a new phase that focuses on capturing the efficiencies of an intelligent workforce through the use of insightful and prescriptive technology. Complex back-office operations can now be consolidated into one intuitive ‘business OS’ that provides a foundation for owners to focus on growing their business.

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