82% of small businesses that fail do so because of cash flow problems.1 The current state of economic turmoil and uncertainty has made managing cash flow an even higher priority for SMBs. To meet that need, many are looking for more efficiency and flexibility around business payments–an area traditionally plagued by clunky and constricting processes that lead to unnecessary costs, risk and inconvenience.
Among the most effective such tools are virtual payment cards, which are gaining significant momentum in the business sector and solve many key SMB payment pain points. For program managers–including fintechs, neobanks and other financial services providers–there’s never been a better time to explore offering virtual cards to the SMB segment.
In this playbook, you’ll learn:
Why existing cash management tools aren’t serving SMBs’ needs
How virtual cards provide SMBs with an efficient, transparent and secure way to manage cash flow
Why virtual cards are a natural fit for today’s digital-native SMB leaders
To find out how payment providers can reap significant long-term benefits by offering virtual cards to the SMB segment, download the playbook now.
For our guide to everything you need to know about issuing virtual payment cards, click here.
1https://www.score.org/blog/1-reason-small-businesses-fail-and-how-avoid-it
