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Industry Landscape
The financial operations solutions industry is rapidly evolving, driven by technological advancements like AI and cloud computing. There's a strong demand for outsourced services from SMBs seeking efficiency, cost savings, and strategic financial insights. The market is competitive, with a focus on integrated platforms and personalized service to differentiate offerings.
Total Assets Under Management (AUM)
Number of Small and Mid-sized Businesses (SMBs) in United States
~Approximately 33.6 million SMBs (U.S. SBA, 2023)
(2.2% CAGR)
Growth driven by new business formations.
Increased adoption of digital solutions.
Focus on cost-effective outsourcing.
Total Addressable Market
100 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-powered Automation
AI and Machine Learning are automating repetitive tasks like data entry, reconciliation, and categorization, leading to increased accuracy and efficiency in financial operations.
Blockchain for Financial Transparency
Blockchain technology offers immutable and transparent record-keeping, enhancing security and traceability for financial transactions and audits.
Predictive Analytics
Leveraging historical financial data and AI, predictive analytics can forecast cash flow, identify financial risks, and provide strategic insights for businesses.
Impactful Policy Frameworks
Corporate Transparency Act (CTA) - 2021
The Corporate Transparency Act, effective January 1, 2024, requires most companies to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN).
This policy increases compliance burdens for SMBs, creating a new service opportunity for Decimal to assist clients with beneficial ownership reporting.
IRS Streamlined Critical Industries Program - 2023
The IRS is increasing audits and enforcement actions against businesses in critical industries identified for potential tax non-compliance, with a focus on areas like digital assets and large corporations, but impacting SMBs through spillover effects.
This signals increased scrutiny for certain sectors, making expert tax advisory and compliance services offered by Decimal even more crucial for SMB clients.
American Innovation and Choice Online Act (AICOA) / Open App Markets Act (OAMA) - Proposed (2023-2024)
These proposed antitrust bills aim to regulate large tech platforms, impacting how businesses advertise, process payments, and access third-party tools, potentially altering digital commerce landscapes for SMBs.
While not yet enacted, these proposals could change how SMBs integrate financial tools and platforms, requiring Decimal to stay agile in its technology partnerships and integrations.
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