Less than a third (31%) of UK SMEs claim to have a clear picture of business spend at the end of each month but little visibility on a day-to-day basis, according to a new report commissioned by fintech provider Fraedom.
The report also revealed that this lack of visibility is leading more than half (57%) of the sample to spend more than two hours per week on expense or financial management tasks, while 22% admitted having to regularly ‘spend significant time and money investing who spent what’.
















