SMEs face the challenge of digitalization in Peru

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activity of emerging companies and small and medium-sized companies (represent 99.5% of the total formal companies in the nation. ) SMEs

However, the need is highlighted for these types of companies to adopt digitalization in their systems and develop new technologies and automated solutions to make their expenses and processes more efficient, in order to be more competitive and reach more consumers in the country.

In this sense, the firm Edelman presented Telegram Number Data the results of its most recent research for Microsoft< /span>of respondents indicated that decisions made are based on data or are considering doing so.96% of Peruvian companies invested in technology in the last year and 94%, in which it was evident that more than


Likewise, the participants in the study detailed that the key opportunities of digitalization are: streamlining productivity (68%), cost reduction (54%) and opening new markets (51%).

The study highlights that the financial area of ​​companies is one of the main sectors that can take advantage of the benefits of automation and digitalization on a large scale, specifically in the control and monitoring of expenses, since it allows reducing risks and avoiding complications associated with traditional and manual procedures.

Peru
94% of Peruvian companies invested in technology in the last year, according to data from Edelman
Greater presence of digitalization in Peruvian companies
According to the data offered by the fintech Tribal, so far this year, May was the month in which the most financial reports internally and in real time developed by companies that make use of their digital platform.



“The control and monitoring of expenses is a key factor in the growth of companies and SMEs. Digital platforms specialized in these areas, by automating processes and analysis, represent a significant improvement for companies, present a clear financial perspective of the business and allow them to focus on providing value, as well as boosting their growth,” he highlights < a i=1>Ricardo Pedraza, sales director for Latin America at Tribal.

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It should be noted that, sometimes, it is difficult for emerging companies to access digital solutions through traditional banking, because they do not meet the requirements demanded by institutions or do not find solutions that adapt to their business model.

In this situation, Tribal's expense control platform allows you to control the efficiency of resources by assigning credit limits for each collaborator or team in the companies. In addition, fintech offers the possibility for companies to have an unlimited number of virtual corporate credit cards.