unnecessary administration

Small Businesses Spend Just 3.6 Hours A Month On Finance

Small Businesses Spend Just 3.6 Hours A Month On Finance

UK small businesses are seriously underestimating the importance of financial management by spending just 3.6 hours on the matter each month – according to a report by KashFlow. The survey of small firms with less than ten employees revealed that while the process of managing money is a stressful one for a significant number of respondents – a strong majority remain confident in their ability to keep on top of things. Indeed, 87% of those surveyed described their bookkeeping as either ‘really good’ or ‘not bad’, with just 6% admitting they were “not good”. Despite their confidence however, 32% of small firms still suffer from the strain and pressure of financial compliance – a strong indicator businesses should allocate a lot more time to financial management. Oliver Shaw, CEO of KashFlow,... »

35% of Businesses Owners Spend Most Of Their Day Doing Admin – Though Just 4% Believe It’s a Priority

35% of Businesses Owners Spend Most Of Their Day Doing Admin – Though Just 4% Believe It’s a Priority

35% of UK business owners spend the majority of their day doing admin – though just 4% believe this is a priority task, according to a report by Immervox. Their Management Pressures and Productivity report, which surveyed 144 businesses, has revealed that UK firms are struggling to achieve increased profit because they have to concentrate their efforts on more menial tasks – such as filling in spreadsheets. While small firm owners believe that innovating, planning, and customer service are the three most crucial areas of their business – few can devote any time to them Other barriers to growth include disorganisation (25%), followed poor internal communication (15%), slow internet (12.99%) and more ad hoc tasks (12.99%). For larger enterprises, antiquated IT systems was signalled by over h... »

Unnecessary Administration Wastes Billions

YouGov survey, commissioned by Adobe, reveals employees believe internal politics, duplication of effort and inefficient processes are plaguing UK business. A survey of 1,151 UK office workers (working in organisations with 50+ employees) paints the picture of an office environment rife with administrative inefficiencies. The survey, conducted by YouGov and commissioned by Adobe, highlights how outdated processes, unnecessary duplication of effort, internal politics, and information gathered ‘for the sake of it’, are all contributing to workplace inefficiencies. Significantly, opinion on the burden of unnecessary administration and inefficient processes was similar from the most junior workers to the most senior. This suggests a general acceptance that time wasted on administra... »