“Small businesses rarely have a dedicated finance function. Financial analysis and decision making is often done by the business owners, who are in parallel running the daily operations of their company. Financial information is often spread across banks, accounting systems, and spreadsheets, and can be difficult to consolidate and interpret,” says Åsa Allder, Head of Nordea’s Small Businesses & Entrepreneurs unit in Sweden.
With around 95% of Nordic companies employing fewer than 10 people, there is a clear need in the market for accessible financial insight and analysis.