However, companies like these could also consider expanding their number of services – and offering a white label expense management platform (like ours!). While the transactional route to market is just as simple (a software company builds a solution and manages to scale by selling the Software-as-a-Service to other companies, who brand and market it themselves) given the nature of the commitment, the solution provider and the brand owner need to work a lot more closely together – forming a much closer partnership than would be the case where consumer goods are concerned.įor example, take corporate card companies and accounting/payroll service providers – which both operate within financial services but have a specific remit, which relies on them scaling the number of customers they have in order to remain profitable. Transposed to a technology environment, the concept of a white label product changes. While this is all well and good when it comes to selling physical products, over the last few years, there’s been a significant increase in software vendors selling their solutions to other businesses on a white label basis.
Partnering With A White Label SaaS Provider Services like Sourcify can help brand owners connect with manufacturers. In fact, entire businesses can be built around robust white label solutions – with everything from water bottles to essential oils. Consider how supermarket chains, for example, have been offering ‘own brand’ products for years – which are essentially big brand goods with a different label. However, white label solutions are nothing new. This is where white label solutions can add a tremendous amount of value – for businesses of all shapes and sizes. They also need to actively maintain an innovation strategy – and be seen to be doing so. They need to provide added customer value to stay competitive – offering more efficient, user-friendly, and cost-effective ways to manage their digital operations. The fact is many businesses are struggling to keep pace with customer demands. The current business climate, like many things right now, is shifting rapid – at a rate of unprecedented change. Let’s take a closer look at the nature of white label partnerships, how they work, and how your business could benefit. This is precisely why white label partnerships are flourishing right now – particularly in fintech, which is an increasingly complex area. More and more businesses are raising their innovation games by forging partnerships with other companies able to provide the expertise that they would otherwise need to build from scratch. But while it may appear that it’s ‘everyone for themselves’ right now, many companies are finding that collaboration is the best way forward. This is true for businesses operating across both B2B (business-to-business) and B2C (business-to-consumer) markets. We stand on the threshold of a digital revolution: one in which sectors as diverse as retail and financial services are adapting – or dying. Prepare per diem claims for approval in a matter of minutes.Īn expense solution ready-made for your financial software.ĥ Things to Look for in Your Expense Management Solution Report and approve every type of expense with one app.
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