This is according to a recent survey of 1,000 Asean small businesses conducted by UOB, Accenture and Dun & Bradstreet. This suggests Asean small businesses are looking beyond the present challenges and are set on adopting technology to improve their competitiveness and sustainability. Beyond technology, Asean small businesses are looking to invest in developing their employees' skills (51%) and in machinery or equipment (40%). As small businesses across Asean embrace technology as a means of ensuring a more sustainable business model for the long term. Eight in 10 small businesses across the region ranked the use of digital solutions as their most preferred cash flow management method.

Source: Bangkok Post July 12, 2020 22:30 UTC