Over a Third of UK Independents Still Rely on Pen and Paper to Manage Their Business

LONDON, August 30, 2017 /PRNewswire/ --

Lightspeed partnered with SaveTheHighStreet.org to find out the role technology is playing for SMES 

- Today, Lightspeed and SaveTheHighStreet.org reveal that over a third of UK independent businesses are still using pen and paper to manage vital parts of their businesses such as managing inventory and ordering stock. Of the 2,000 businesses surveyed from the SaveTheHighStreet.org database, only 15% indicated they had an EPOS system installed to help them run day-to-day operations.

These results come as a surprise considering the variety of innovative technological options currently available, that are designed to suit all financial and technical requirements. With independents feeling the increasing pressure to juggle both an online platform as well as a brick-and-mortar store, the need to implement the right technology becomes paramount in order to be able to compete. Modern electronic point of sale (EPOS) systems can become virtual business assistants, having the ability to help manage stock and inventory, and give independents the information they need to make informed business decisions.

Lyndsay King, Founding Partner & Community Director at SaveTheHighStreet.org said: 'From the very start, our goal has been to help British independents face the ever-changing economic landscape and find the tools to remain competitive against the big players in the market. Technology is a key piece of the puzzle for SMEs going forward. Business owners who have adopted tech systems to manage day to day business are finding they save time, money and are able to see their businesses profit and grow faster. It's worth the initial investment to get it up and running.'

Jerome Laredo, Vice President EMEA and Asia at Lightspeed commented: 'Technology has become such an important part of how we manage our daily lives. With the 10 year anniversary of the iPhone coming up, we can see just how far we have come and the incredible effect tech has had in a relatively short amount of time. Yet there is still such a small percentage of independents that use up to date technology in their businesses. Working with 45,000 SMEs, we know what their pain points are and we have designed tools to help independents run their business seamlessly, from wherever they are.'

About 

Lightspeed is the most powerful cloud-based commerce solution for independent businesses, in-store and online. More than 45,000 retailers and restaurateurs processing over £10 billion in transactions annually use Lightspeed to grow and manage their business. Founded in 2005 with offices in Canada, USA, and Europe, Lightspeed is backed by Accel Partners, iNovia Capital, Caisse de dépôt et placement du Québec (CDPQ) and Investissement Québec (IQ). Follow Lightspeed's latest developments: http://www.lightspeedhq.co.uk, Facebook.com/LightspeedHQ, Twitter: @lightspeedhq, and Instagram: @lightspeedhq.

SaveTheHighStreet.org is a coordinated industry-wide movement to support and empower every local shopkeeper nationwide, accelerating the whole high street's transition to a better connected, digitally enabled and more sustainable high street. We aim to engage 125,000 shopkeepers over the next 12 months.

PR Contact: Stefana Ailioaie, Dynamo PR, stefana.ailioaie@dynamopr.com; Source: Bradley Grill, Director of Public Relations, Bradley.Grill@lightspeedhq.com , +1-514-616-2000