SMEs are at the bottom of the food chain so they tend to get hit pretty hard during tough economic times
(PRWEB) September 22, 2008
Payroll and back office support service provider, PayDynamics aims to help small and medium-sized enterprises (SMEs) pull through the credit crunch by offering invaluable advice on how to cut costs and maximise margins in a new, free white paper entitled "Surviving the credit crunch: advice for SMEs in tough times" which is downloadable at http://www.wwhttp://www.com
"SMEs can be particularly vulnerable in an economic downturn," said Sandra Robertson, group operations director, PayDynamcis. "Our new white paper advises SMEs on how to cut costs without compromising the quality of products and services they provide, to help them survive the credit crunch."
London, UK The PayDynamics document draws on the latest industry research that demonstrates how that UK economic growth has flat lined and is unlikely to improve before late 2009. It highlights trends that affect SMEs such as extended payment periods; it's now not uncommon to wait up to five months for payment as larger companies put pressure on suppliers.
"SMEs are at the bottom of the food chain so they tend to get hit pretty hard during tough economic times," said Sandra Robertson. "They need to cut costs and tighten their belts and our new white paper will help them do just that."
The white paper examines how far the credit crunch is spreading and how long it could last. It highlights money-saving tactics that are good both for the environment and bottom line. It shows how to turn negatives into positives, explains smart outsourcing and showcases how some SMEs have survived hard times on the road to success.
The document examines the merits of outsourcing non-essential functions such as back office and payroll. Using the right partner for such functions can deliver drastic savings, up to 84% in some cases.
Sandra said: "A major benefit of using such a service is it relieves the headache of worrying about areas such as new tax regimes and employment laws - particularly when there are plenty of other things to worry about."
"Surviving the credit crunch: advice for SMEs in tough times" is available free of charge. Download it at http://www.paydynamics.com/assets/docs/credit-crunch-sme.pdf
Note to editor:
PayDynamics is a bespoke http://www.paydynamics.com/assets/docs/credit-crunch-sme.pdfservice that provides payroll and back office services for the small and medium sized business. It uses proprietary payroll and administration systems that are tailor-made to suit a company's needs.
In addition to the payroll service, PayDynamics offers:
-Entitlement to work checks on new candidates
-Storage facilities for important documents
-Business start up advice and guidance on VAT registration
-Company Secretarial services
-Legal services relating to limited company contract reviews.
PayDynamics offers a total solution for a small and medium sized business. Safe in the knowledge their back office is in safe and reliable hands, PayDynamics allows customers to focus on their core business and future growth.