SMEs are the largest business community in the country. There are more than 10 million small to medium sized businesses in the US and Europe, accounting for 99% of all private sector companies according to the Federation of Small Businesses & Small Business & Entrepreneurship Council.
There is a huge opportunity for payment providers, ISVs and BPOs to leverage greater value from this lucrative market. These companies need greater control over their four biggest challenges – liquidity, access to capital, cash flow and time – and better management of their tail-end spend.
Neo1: a new way to help your SMEs manage business spend
Neo1 is a cutting-edge spend management technology developed specifically for partners, which can be efficiently and effectively distributed to capture the value across SME customers.
Uniquely, neo1 combines complete end-to-end expense management, comprehensive payment controls and reporting, to offer SMEs valuable spend control and real-time business insights, without the complexity that traditional technologies bring.
Why add neo1 to your product portfolio?
- Highly desirable: neo1 offers innovative technology usually restricted to large corporations at an industry-leading commercial price point.
- Minimal set-up requirements: with our API-first design and rapid on-boarding process, neo1 can set up tens of thousands of companies in seconds, configured to the needs of each customer.
- Increase SME customer retention by helping them control their costs, allowing them to focus on growing their business.
- Easily scalable; neo1’s low cost distribution and scaling capabilities give you a powerful differentiator over other payment providers in the market.
- Beyond SMEs: whilst neo1 has been specifically designed to deliver on the needs of SMEs with its X-company reporting capabilities, you will find even large customers can take advantage of the platform.