October 02 ,2016 | by Claire Payne

More Brits using technology in their business, survey shows

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More UK business owners are becoming tech savvy and relying on mobile or web-based apps to run their business, according to a global survey by online accounting software company Intuit QuickBooks.

The study, which surveyed 2,000 business owners and managers globally, found that the UK is the most tech savvy, with 71 per cent using apps to run their business, followed by 59 per cent of business owners in the US, 68 per cent in Canada and 74 per cent in Australia.

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The research identified the most popular types of apps for businesses, with banking and finance being found to be the most popular with business owners in the UK at 59 per cent, followed by payments at 49 per cent and payroll management at 37 per cent.

The research also showed that whilst businesses are becoming more tech savvy, some are still facing challenges when using apps. Forty per cent of UK business owners believe that there are too many apps to choose from, whilst 38 per cent are concerned about costs.

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Intuit QuickBooks Europe VP and Managing Director, Dominic Allon, commented: “More small firms than ever are putting technology at the heart of their business and using it to solve everyday problems. British entrepreneurs are ahead of a trend that is happening on a global scale. Small firms are well known for their creativity in how they grow their business; using digital tools to tackle their challenges head-on is key to their success.”

Claire Payne is a journalism graduate and News Writer for LSBF. She writes about SMEs, education and careers, entrepreneurship, women in business, and sustainability.

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