Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

SMEs face tough decisions on which subscription services to keep as cost of living bites

by admin July 29, 2022
July 29, 2022
SMEs face tough decisions on which subscription services to keep as cost of living bites

New research has found that cost of living increases are set to impact B2B subscriptions as nearly half  are considering reducing the number of services they subscribe to, as they tackle rising costs.

As subscription services have grown in popularity amongst consumers, so too have they among businesses. Half of UK SMEs say they currently use some sort of subscription service that helps them to run their business, spending on average £183 per month.

Four in five say that subscription services save their business time by delivering products and services they need regularly, without having to place repeat orders. A similar number say subscription services give them a feeling of security because they know things that are important to their business are taken care of.

Despite this, nearly half report that their business is considering reducing the number of services they subscribe to. Four in ten are actively looking to decrease the number of subscriptions they use, with the main reason being to reduce the running costs of business. Three quarters of SMEs with a subscription say that such services can help their business to manage finances at a time of rising costs.

Harshna Cayley, Head of Online Payments at Barclaycard Payments, that conducted the research, said: “The battle for subscribers is likely to get even tougher in the coming months as many businesses look to cut costs, and become more selective about what they pay for going forward.

“Many businesses told us that they want to see the services they subscribe to work together more seamlessly. That’s why we’re launching Smartpay Touch, with an all-in-one cost, making it easier than ever for businesses to access the data they need to help them to thrive.

“We’re also offering small businesses that bank with us or have Barclaycard business product a free subscription to FreshBooks accounting software, to help them manage their finances.”

Read more:
SMEs face tough decisions on which subscription services to keep as cost of living bites

0
FacebookTwitterGoogle +Pinterest
previous post
Becoming king of the media jungle means starting at the bottom and working your way up by winning title fight after title fight
next post
Taxpayers left with £421m bill after one in 12 firms default on Covid loans

You may also like

Growing a Faceless Video Channel on Instagram: How...

August 12, 2024

Former TalkTalk CEO Dido Harding to become first...

December 1, 2023

How to supercharge your corporate LinkedIn profile in...

May 29, 2024

Gresham House Ventures backs Penfold with £3.9m to...

May 22, 2025

Facebook owner Meta sublets part of Dublin HQ

December 9, 2022

Trump poised to ease impact of car tariffs...

April 29, 2025

Microsoft’s $69bn deal to buy Activision Blizzard given...

October 13, 2023

Doncaster Sheffield Airport is closing with the loss...

September 26, 2022

Inheritance Tax Receipts reach £5.9 billion in the...

February 21, 2023

Picture perfect? Brits prioritise a good snap over...

August 18, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Poundland faces stock shortages as big brands tighten terms following £1 sale

      July 11, 2025
    • Sandbanks bubble bursts as buyers flee Labour’s ‘tax bombs’ for sunnier shores

      July 11, 2025
    • State Department to begin mass layoffs of about 1,800 employees in coming days

      July 11, 2025
    • Duffy just got an additional job in Trump’s administration, and he’s not the only one wearing multiple hats

      July 11, 2025
    • ‘It will happen quickly’: State Dept poised to act after Supreme Court green-lights agency layoffs

      July 10, 2025
    • Hegseth tears up red tape, orders Pentagon to begin drone surge at Trump’s command

      July 10, 2025

    Categories

    • Business (8,446)
    • Investing (2,115)
    • Politics (16,003)
    • Stocks (3,199)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved