Gauging the preparedness of UK businesses for Brexit

brexit-wallWe like to think we give readers of this blog the information they need and tackle the issues they really want to hear about. It’s with that in mind that we thought we’d take a look at Brexit, with the help of our partners at Sage, because there’s not been much said about the subject recently, right?

OK, joking aside, it’s a tumultuous time in British politics thanks to that much talked about B-word and there’s understandably an awful lot of noise around the topic as the proposed date of Britain’s exit from the EU – 29th March 2019 – moves ever closer.

We’re not here to go in to the politics of the situation though. Debates have raged for many years now both pre- and post-referendum and the views are numerous and often vociferously presented.

However, much to the chagrin of commercial organisations of all sizes, it is a widely accepted view that not enough has been said  by those in power about how the nation’s businesses can prepare for Brexit.

Indeed, a recent survey conducted by YouGov on behalf of Sage found that only 33% of UK companies who believe they will need to adapt their processes due to Brexit have actually started to do so.

While that statistic might be quite shocking on the face of it, it’s maybe not so surprising when we consider the huge uncertainty still present around what the economic landscape will actually look like post-Brexit. After all, how can you prepare for something when you don’t really know what it is or what it means?

Despite all of the unknowns though, there are also a certain number of ‘knowns’ that Sage suggest can form the structure of an impact assessment which all businesses should consider undertaking.

europe-britain-screensIn the guide, How will Brexit affect businesses? 12 things you need to know, Keir Thomas-Bryant outlines this by identifying key areas and the pertinent questions for a UK business to build an effective impact assessment around.

These areas include employment, operating standards, import/export and logistics through to taxation, manufacturing and information technology.

On this last point there are potential issues around data management, mobile devices, regulation and legal compliance that have to be considered in the context of your organisation’s IT. And in a time of uncertainty on so many issues this part at least becomes so much easier to manage when your business has technology partners that are ready to support you through potentially turbulent times.

When it comes to Sage their statement on Brexit should therefore prove reassuring for their customers:

“Sage has project teams who are focusing on preparing for implementations influenced by Brexit, whatever the outcome.

These include a programme of work designed to ensure all areas of our business and products will be ready for Brexit, irrespective of whether a withdrawal agreement is reached.

Sage has always placed a high level of importance on legal compliance and customers can trust that Sage will address Brexit with the same attention and focus as is customary.”

As a leading Sage partner working with a number of their software solutions, including Sage 200cloud and Sage Business Cloud Financials, and committed to our loyal client base, DCS very much echo these sentiments.

If you’re currently assessing how your information technology can help support your business in a smooth transition to the post-Brexit environment then get in touch – we’re a tech partner prepared to walk the uncertain path ahead with you.

 

Useful links:

Access the full YouGove/Sage survey by clicking here.

Check out How will Brexit affect businesses? 12 things you need to know by clicking here.

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