Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Small businesses to increase tech spending in 08
MADISON, Wis. (12/26/07)--Sixty percent of small businesses surveyed plan to increase their technology spending in 2008, and credit unions serving small business members may want to monitor this trend. According to an online customer survey conducted by communications provider RingCentral Inc., based in Redwood City, Calif., only 6% plan to decrease their tech spending, while 31% hope to maintain their current spending level (Business Wire Dec. 18). That means small businesses may look for financing for personal computers (PCs) and upgrades, to address data security issues, to enhance their communications capabilities, and to manage their systems. Credit unions can stand at the ready to offer the loans for such projects. Small businesses' spending will focus on PCs (57%) and communications service. Small businesses surveyed considered these communications technologies the most important for their business:
* E-mail, 81%; * Mobile phone, 77%; * Business phone, 69%; and * Website, 61%.
More than one-third of small businesses surveyed plan to invest in phone systems, smart-phones and Voice-over-Internet Protocol (VoIP) technologies.
Other Resources

RSS





print
News Now LiveWire
#NewsNow: @CUNA-CFA survey results suggest 3-3.5% increase in holiday spending. http://t.co/GjcDvvwfzy
13 hours ago
.@WOCCU promoted financial inclusion as a sustainable development goal at two separate @UN events this month.
14 hours ago
Colo. authorities OK first-ever #marijuana-focused CU #NewsNow http://t.co/77qj6O3bcu
14 hours ago
.@Vancity busts some Black Friday retail myths http://t.co/q8Wht3CcRc
15 hours ago
Things get hairy at #creditunions during #Movember http://t.co/Hc6tYRMSY8
16 hours ago