Business solutions that boost SME growth and act as a working capital mechanism

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In today’s competitive business landscape, Small and Medium-sized Enterprises (SMEs) are always looking for innovative financial solutions, new sales channels and expense management tools that can help them drive sustainable growth and improve profitability.

The world is increasingly moving towards digitalisation, this can be a significant advantage for SME growth ambitions, giving them the ability to access new sales and marketing channels. Commercial card solutions can help capture this growth opportunity by enabling SMEs to leverage e-commerce, cross-border ecosystems and digital platforms, expanding their customer and revenue base.

The need for working capital to improve cash flow is a common factor that runs through all businesses, large or small. The increasing digitalization of purchase and sale transactions brings additional opportunities for financial institutions to provide credit and issue commercial cards to SMEs, which will give them access to the flexibility needed to manage their cash flow more efficiently how to get south korea whatsapp number These cards can be used to pay for supplies and services offering an extended payment period, thus improving liquidity for buyers. At the same time, SMEs can accept card payments from their customers and receive payments more quickly, reducing the number of days to receive payments, potential costs and collection risks.

In addition, SMEs need to manage their businesses more efficiently and solutions such as Visa Spend Clarity ® allow them to monitor, control and track their spending, streamline their procurement process and help digitize their accounting and inventory management activity. This can help reduce reliance on cash and paper-based processes, which can demand significant resources, allowing businesses to be more efficient. This, combined with the ability to access new sales channels, can significantly increase their revenue, efficiency and customer base.

Commercial card programs are more than just a payment instrument; they are a strategic tool that can help unlock the growth potential of SMBs. By improving cash flow, increasing controls, promoting digitalization and expanding access to new sales channels, commercial cards can help drive the growth and success of your business. It’s time to embrace the future with Visa commercial card programs.

Click here to download our SME research report and learn more about how financial education and commercial card programs can help provide access to working capital for underserved populations.