--- title: 2011 ABB Survey findings on SME financial management description: Azure Group recently undertook its annual business benchmarking survey on financial management in SMEs. Overall we found that many SMEs are implementing basic financial management practices, however, we found that 50 per cent of SMEs are disappointed with the profitability of their business. image: https://blog.azuregroup.com.au/hubfs/azure_mmxdev_aug2015/Blog.jpg --- - [** Facebook ](https://www.facebook.com/AzureGroup/) - [** LinkedIn ](https://www.linkedin.com/company/the-azure-group/) - [** Twitter ](https://twitter.com/Azure_Group) - [** ourteam@azuregroup.com.au ](mailto:ourteam@azuregroup.com.au) - [** +61 2 9238 1188 ](tel:+61%202%209238%201188) [![azure-group_logo_-_High_Resolution_white-1](https://blog.azuregroup.com.au/hs-fs/hubfs/April%20-%202019/azure-group_logo_-_High_Resolution_white-1.png?width=387&name=azure-group_logo_-_High_Resolution_white-1.png "azure-group_logo_-_High_Resolution_white-1")](http://www.azuregroup.com.au/) [![azure-group_logo-m](https://blog.azuregroup.com.au/hs-fs/hubfs/April%20-%202019/azure-group_logo-m.png?width=387&name=azure-group_logo-m.png "azure-group_logo-m")](http://www.azuregroup.com.au/) [** **](##) Filter by Category [show all](https://blog.azuregroup.com.au) [ACCOUNTING](https://blog.azuregroup.com.au/topic/accounting) [TAXATION ](https://blog.azuregroup.com.au/topic/taxation) [ADVISORY ](https://blog.azuregroup.com.au/topic/advisory) [TECHNOLOGY ](https://blog.azuregroup.com.au/topic/technology) [INTERNATIONAL ](https://blog.azuregroup.com.au/topic/international-business) [WEALTH ](https://blog.azuregroup.com.au/topic/wealth) [SMART TIPS ](http://azuregroup.com.au/about-us/smart-tips) [CHAMBER](http://azuregroup.com.au/NSW-business-chamber-partnership) [MEDIA](##) Filter by Category ** - [Show All ](http://thoughtmate-1.hs-sites.com/orange-blog) - [ACCOUNTING](https://blog.azuregroup.com.au/topic/accounting) - [TAXATION ](https://blog.azuregroup.com.au/topic/taxation) - [ADVISORY ](https://blog.azuregroup.com.au/topic/advisory) - [TECHNOLOGY ](https://blog.azuregroup.com.au/topic/technology) - [INTERNATIONAL ](https://blog.azuregroup.com.au/topic/international-business) - [WEALTH ](https://blog.azuregroup.com.au/topic/wealth) - [SMART TIPS ](http://azuregroup.com.au/about-us/smart-tips) - [CHAMBER](https://blog.azuregroup.com.au/topic/nsw-business-chamber) - [MEDIA](##) # 2011 ABB Survey findings on SME financial management ** [Azure Group](https://blog.azuregroup.com.au/author/azure-group) ** Sep 08, 2011 ![](https://blog.azuregroup.com.au/hubfs/azure_mmxdev_aug2015/Blog.jpg) Azure Group recently undertook its annual business benchmarking survey on financial management in SMEs. Overall we found that many SMEs are implementing basic financial management practices, however, we found that 50 per cent of SMEs are disappointed with the profitability of their business. What this suggests is SMEs might be reviewing top level information from their profit and loss statements but they are not going into the finer details to truly understand what elements of their business are profitable or how their margins are affecting their bottom line. In this newsletter, QLD’s managing director Steve Smith goes into more detail about being financially intelligent in your business and the importance of focusing on improving profits, not just revenue. [Read Steve’s article here](http://www.azuregroup.com.au/!trash/old/news-and-media/news-bulletins/news-bulletin-13-september/the-art-of-business-financial-intelligence/) Overall, the findings of this survey highlight the more financial discipline you instill in your business the greater the likelihood of achieving better results. To help you understand the survey findings and what they mean for your business, Azure Group have produced a detailed report that not only discusses the findings but also provides useful information on best practice financial management, covering areas like monthly reporting, cash management and budgeting. We also look at how different sized SMEs performed and share helpful tips on how to grow your business to the next level. *If you would like more information on how to implement best practice financial management in your business, please [contact us](http://www.azuregroup.com.au/!trash/old/contact/)* *Or register your interest for a [complimentary review ](http://www.azuregroup.com.au/!trash/old/services/chief-financial-officer/complimentary-review/)of your finance function by one of our experienced [CFOs](http://www.azuregroup.com.au/!trash/virtual-cfo-profiles1/).* ![Report](https://blog.azuregroup.com.au/hubfs/Report.jpg)   --- *This article is intended to provide general information only, and is not to be regarded as legal or financial advice. The content is based on current facts, circumstances, and assumptions, and its accuracy may be affected by changes in laws, regulations, or market conditions.  Accordingly, neither Azure Group Pty Ltd nor any member or employee of Azure Group or associated entities, undertakes responsibility arising in any way whatsoever to any persons in respect of this alert or any error or omissions herein, arising through negligence or otherwise howsoever caused. Readers are advised to consult with qualified professionals for advice specific to their situation before taking any action.* ** [SMB](https://blog.azuregroup.com.au/topic/smb) [** The art of business financial intelligence ](https://blog.azuregroup.com.au/the-art-of-business-financial-intelligence) [** Taxpayer Risk Management ](https://blog.azuregroup.com.au/taxpayer-risk-management) ### About Author ![Azure Group](https://blog.azuregroup.com.au/hubfs/azure-group%20avatar%20high%20res-small.jpg) Azure Group Azure Group is the leading Chartered Accounting, Business Advisory and Strategic Advisory firm supporting the growth & success of fast growing entrepreneurial businesses. 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