How improved financial reporting can aid small businesses

Ian Hook of data analytics technology specialists Future Route outlines a new model for SME financial reporting to accelerate economic recovery.

Lack of credit and credit insurance is strangling business and the economy at large. Recapitalisation of the banks is only part of the answer. A fundamental change in the way companies, and SMEs in particular, report financial information to their lenders and insurers is critical to minimising the impact and longevity of the recession.