SMEs can 'boost business with better IT'

News Article - 07 July 2008
Category: Business

Installing accounting software and other accounting packages could help small businesses to grow, according to a new report.

The Confederation of British Industry (CBI) insists embracing IT is the best way to boost competitiveness.

Its recent study on the role of IT services finds investment in internet enabled services is of primary importance in attracting new business opportunities and keeping customers satisfied.

The organisation also urges bosses to view software as a means of adding value to their business rather than simply to cut costs.

John Cridland, deputy director-general of the CBI, says: "At a time of tougher economic conditions and ever-increasing international competition, it is vital that all firms understand how they can use IT to drive performance and create goods and services customers want."

The news comes after a recent poll of IT managers by CIO Connect found 80 per cent predict they will be forced to make cutbacks over the next 12 to 18 months as a result of the economic slowdown.

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