Economic pressure is forcing SMEs to revert back to remote working models to cut costs.
The latest research by Nucleus Commercial Finance indicates that SMEs are experiencing a decline in confidence, with an average score of 40.1 out of 100, where a reading under 50 represents a slip in confidence.
This drop is attributed to concerns about inflation, increasing operational expenses, and uneasy cash flow. Among the 1,500 surveyed SMEs, 79% are promoting remote work as a strategy to cut down on business costs.
This shift in approach is driven by ongoing challenges in securing funding, a problem that has persisted since traditional banks started imposing stricter lending criteria.
Andy Ward, VP International for Absolute Software, said:“For remote and hybrid working to be successful, it is essential that organisations prioritise cybersecurity to ensure that devices, applications and the company network remain secure regardless of where an employee is logging on from.”
