UK SMEs Are Increasingly Reliant on Real-Time “Actionable” Insights to Guide Decisions: Report

In today’s volatile environment, and with 84% of businesses expecting running costs to spike further this year1, SMEs are “increasingly reliant on real-time actionable insights to guide critical decisions.”

Latest figures from Pulse, the “one-of-a-kind,” data-driven tool and resource hub for SMEs, from Nucleus Commercial Finance indicates “that over 1,279 SME businesses are currently registered with the one-stop shop service.”

Of this, “a further 2,057 individual users are engaging with Pulse, following its initial launch in September 2022, as part of their direct contact and consultancy with clients on a day-to-day basis.”

With Pulse reportedly “providing a rapid, streamlined, and holistic system for data collation and visualization, SME businesses can eliminate spending additional time and finances on investing in data services or internal resources.”

In fact, nearly 6,000 reports – summarizing this crucial internal insight – “have been sent to SME business owners, accountants, and key decision makers, informing strategic decision-making.”

This latest update from Pulse “comes ahead of a widespread launch and rollout of the Pulse dashboard this month.”

From April, users will be “able to log into the dashboard to get an up-to-date snapshot of their turnover, profit and loss, gross margin, and liquidity, as well as access a balance sheet and full set of management accounts every single month – and all for free.”

Chirag Shah, CEO and Founder of Nucleus Commercial Finance commented:

“Following its successful initial launch, Pulse has been positively received across the SME sector. And, at a time when resources are stretched, the insights available are proving a real lifeline for business owners when making their next strategic decision, be it on costs, turnover or staffing issues. Going forward we’re forecasting sign-up of at least 1,000 new SME businesses per month this year.”

He added:

“While the economic climate is still undeniably tough, our ambition is for the insights from Pulse to allow business owners to concentrate on the real priorities – growth, productivity, engagement, and overall success.”

Following her recent engagement with Pulse, Christine Nicholson, SME business owner and mentor commented:

“I really like the data visualisation Pulse provided and the single paragraph commentary was easy to read and understand. I’ve always manually run these reports for my own business from Xero, but I have to write the commentary myself – something simple, but it’s time consuming and takes brain space! I can see Pulse being really helpful to accountants.”

As noted in the update, the research was “carried out between 9th– 13th February 2023 among 500 senior decision makers in UK small and medium enterprises.”

As mentioned in the announcement, Nucleus Commercial Finance says they are “a leading Fintech ensuring businesses get bespoke funding solutions at lightning speed.”

They’re armed with the latest technology which enables them “to provide decisions and funds rapidly, with accuracy and fairness every time.”

With funding between £3k and £5m through both secured and unsecured products, their customers “have plenty of choice and flexibility to help them thrive.”

Their tech has meant they’re able “to streamline and automate the entire process to deliver a hassle-free, effortlessly simple funding journey for both direct customers and the introducers they work with.”

Through investments in artificial intelligence and machine learning, they “transitioned seamlessly to being a leading Fintech with innovative, award-winning technology at its core.”


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