UK plcs lack board level e-control
Despite the growing influence of everything e-related, almost half of UK plcs have no designated board member responsible for the Internet or e-commerce. The Close Brothers survey reveals that the responsibility for e-commerce is usually shifted on to finance or sales and marketing departments.
The lack of board level control for Internet-related commerce is all the more surprising, as 40 percent of those surveyed say that they have changed the way they operate because of the Internet. Another 24 percent claim they use the Internet for business transactions. The majority of those surveyed also expect to increase web revenue over the next two years, from the current average of 1 percent to 12 percent of total revenue.
Brian Condon, a director at Close Brothers, said: “It is clear that the UK industry has yet to take the Internet seriously as a core business process and that the majority of companies still see it as just another selling tool.”
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View article61% say providing financial support for their family is of importance to them, with 77% currently doing so Read More...
View articleStartups face unique financial challenges, such as cash flow volatility and equity-based compensation complexities. Innovative strategies and technolo...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleIn 2019, the a survey conducted by the FRC highlighted that only 17% of women held partner-level positions Read More...
View articleDains believes a corporate structure is the best way to maximise the benefits of its growth strategy Read More...
View articleBoth employer and employee will benefit from flexibility and cost-saving Read More...
View articleThere are nine key areas that accounting practices must get to grips with as client expectations and technological developments rise, while team membe...
View articleWhen employees publish opinion and statements on social and other online mediums, they may be leaving themselves open to interpretation of codes of et...
View article