Technology to unlock the value of SME spend for Banks

Payments providers are missing a huge opportunity by not offering integrated spend management software solutions to small and medium enterprises (SMEs). They are the largest business community in any country – and the one likely to gain the biggest benefits.

Key challenges faced by SMEs:

  1. The range/volume of non-strategic purchases, accounting for 80% of SME’s supplier and transactional spend management volume
  2. The considerable effort to manage this vast, yet typically low value, spend
  3. The lack of real-time access to the financial impact of this spend on running their business

Take a look at our SME paper specifically developed for issuers wanting to better support and value the SME market.  The value of the SME spend market

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