In recent years, there has been an increase in technology available to small-to-medium enterprises (SMEs). The most prominent of these advancements has been the introduction of cloud technology, allowing SMEs to increase the opportunities available to them.

The wide array of technology available to businesses today were previously only accessible to larger enterprises. With the introduction of cloud technology, SMEs are able to access the more complex, previously inaccessible technology where they can gain the same benefits as large businesses.

One of the largest cloud software providers available in the Australian market today are Xero. Xero claim that through SMEs using their technology will experience greater efficiency, revenue and overall business growth through their access to real time data on your business, seamless data flow and 24/7 support available.

On top of the capacity for cloud technology to provide SMEs with the same opportunities as larger businesses, it is also affordable for businesses of all sizes and easily integrated into daily operations. Costs are minimised as there is no need for SMEs to hire individuals to act as accountants or to figure out how to integrate aspects of business processes together. Cloud technologies open up room for growth in SMEs through the minimisation of costs and increasing the capacity for business owners to manage their business operations.