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The recent research commissioned by Prospa reveals significant challenges faced by Australia’s SMEs, including economic pressures, supply chain disruptions, and rising labour costs. Despite these hurdles, short-term business confidence has seen improvement. Prospa emphasises the resilience of SMEs and stresses the importance of adopting streamlined processes and automation to navigate these challenges effectively. 

How do you think SMEs can best adapt to these evolving economic conditions?

Read more here – https://insidesmallbusiness.com.au/finance/cashflow/smes-anticipating-a-decrease-in-turnover-by-2025#:~:text=New%20research%20from%20RFI%20Global,their%20business%20to%20generate%20future

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