Small businesses are at the tipping point of broad-based cloud adoption. This from a new research report from Intuit that shows how big an opportunity this is for developers and cloud solution providers.
The Cloud-Powered Small Business
Currently 37% of United States small businesses are adapted to the cloud, but an anticipated 78% will be fully cloud operational by 2020. Given the sheer size of this market, it’s a huge opportunity.
The center of the small business cloud is financial management
SMB owners spend 4 hours a day online running their business. What are they doing? 65% conduct back-office work like book-keeping and accounting, 65% generate invoices and accept payments, 58% are managing customer relationships and 48% are communicating with employees and partners.
SMBs are enthusiastically embracing mobile
Nearly half (43%) of SMB owners use a smartphone as the primary device to run their business and the vast majority of them use multiple devices.
And, they’re willing to spend
SMBs already spend $630/year on average on software solutions and 85% of SMB executives are willing to invest more in software solutions over the next 5 years with a significant number (27%) looking to simplify day-to-day operations.
Automate routine day-to-day approvals and streamline operations
frevvo’s Cloud-based approval workflows are perfectly suited to small businesses. We’re an SMB ourselves and we use our own product to simplify our day-to-day operations in a host of areas like purchase orders, leave approvals and many other form-based workflows. Check out this infographic on 11 Cloud solutions we use everyday and sign up for a free trial on our website.
Check out the Intuit e-Book here (no login/registration required).