- Latest usage highlights major reliance on data-driven resource tool since launch
- Pulse streamlines management enabling SMEs to pursue growth strategies
- Nucleus Commercial Finance sets out ambitious growth targets for rest of 2023
In today’s volatile environment, and with 84% of businesses expecting running costs to spike further this year1, SMEs are increasingly reliant on real-time actionable insights to guide critical decisions.
Latest figures from Pulse, the one-of-a-kind, data-driven tool and resource hub for SMEs, from Nucleus Commercial Finance indicates that over 1,279 SME businesses are currently registered with the one-stop shop service. Of this, a further 2,057 individual users are engaging with Pulse, following its initial launch in September 2022, as part of their direct contact and consultancy with clients on a day-to-day basis.
With Pulse providing a rapid, streamlined, and holistic system for data collation and visualisation, SME businesses can eliminate spending additional time and finances on investing in data services or internal resources. In fact, nearly 6,000 reports – summarising this crucial internal insight – have been sent to SME business owners, accountants, and key decision makers, informing strategic decision-making.
This latest update from Pulse comes ahead of a widespread launch and rollout of the Pulse dashboard this month. From April, users will be able to log into the dashboard to get an up-to-date snapshot of their turnover, profit and loss, gross margin, and liquidity, as well as access a balance sheet and full set of management accounts every single month – and all for free.
Chirag Shah, CEO and Founder of Nucleus Commercial Finance commented: “Following its successful initial launch, Pulse has been positively received across the SME sector. And, at a time when resources are stretched, the insights available are proving a real lifeline for business owners when making their next strategic decision, be it on costs, turnover or staffing issues. Going forward we’re forecasting sign-up of at least 1,000 new SME businesses per month this year.
“While the economic climate is still undeniably tough, our ambition is for the insights from Pulse to allow business owners to concentrate on the real priorities – growth, productivity, engagement, and overall success.”
Following her recent engagement with Pulse, Christine Nicholson, SME business owner and mentor commented: “I really like the data visualisation Pulse provided and the single paragraph commentary was easy to read and understand. I’ve always manually run these reports for my own business from Xero, but I have to write the commentary myself – something simple, but it’s time consuming and takes brain space! I can see Pulse being really helpful to accountants.”