Financial mismanagement stalls growth for MSMEs–Cloudcfo

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The story "Financial mismanagement stalls growth for MSMEs–Cloudcfo" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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Financial mismanagement stalls growth for MSMEs–Cloudcfo - Business Mirror

Quick Summary:

THE lack of "timely and accurate” financial data remains a critical barrier for small and medium-sized enterprises (SMEs), severely impeding their growth and scalability, Global cloud-based accounting firm CloudCfo has revealed.

He recounted how his father, a Portuguese immigrant who ran a successful construction business in France, often experienced significant stress each April as he prepared to meet with his accountant to file taxes.

Despite the technology being around for several years, significant progress toward full automation in accounting has not been achieve, he pointed out.