Jyoti Banerjee provides remarkable insights on the M part of the UKs SME market over at Vinnie’s place:
Although only three-quarters of one percent of UK companies are in the £10-£250 million revenue bracket, these businesses employ 15% of the British work force, and generate 20% of all corporate profits. Their annualised growth rate is at 8%, which is well above the national growth rate.
By the way, their IT stinks – a Harvard study found that British mid-market companies fail to get the revenue boost that US, German and Brazilian companies get from smart investments in IT.
How right he is. How many times do I read something along the lines of: “My client needs to upgrade from Sage Line 50, what can people recommend?” Duh?
BTW – I’ve been snooping around SAP BusinessOne…more later.
Technorati Tags: mid-market IT, SAP Business One
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