SME sector is struggling to survive COVID – Accountor and August publish near real-time financial data

Accountor’s real-time data from 10 000 SMEs showed positive signs of recovery in June, but in July invoicing again declined.

Accountor provides software solutions and outsourcing services for finance and HR. Thanks to its digital finance and accounting solutions, Accountor is uniquely positioned to accumulate real-time data where the impact of COVID-19 crisis on Finnish Small to Medium sized Enterprises (SMEs) can be seen.

As a pro bono -initiative, Accountor and August publish a report which provides an almost real-time view of the crisis impact on Finnish SMEs. Report is targeted for private and public sector decision makers, so that they would have as accurate and real-time picture as possible regarding the financial implications of the crisis.

The report is based on a sample of approximately 10 000 SMEs. Report is updated on approximately a weekly basis. Report is available in Finnish language.

Extract from the report based on August data:

Olli Lehtonen, Partner
+358 50 371 4110