When a small or medium business (SMB) grows, executives often discover new pain points: a larger workforce, operations scattered across distant locations, and different regulatory frameworks. Employees may travel more frequently, visibility into spending may diminish, and margins may suddenly seem tighter.
SAP Concur and Oxford Economics surveyed 150 financial decision-makers from small and medium size organizations around the world that launched a growth initiative during the past year. We identified a select group of respondents—cost-conscious SMBs—that say that spending and cash management were important factors in their business growth.
In this fact sheet we compare responses from Canada to those cost-conscious SMBs as well as global totals. The results suggest that growing SMBs in Canada are effective collaborators, but they can minimize their expansion challenges by prioritizing spending and cash flow as they plan for growth.
See where Canada is leading and where there are opportunities to improve. Download the fact sheet