Home » Vast majority of small businesses believe tech subscriptions are overpriced and not beneficial

Vast majority of small businesses believe tech subscriptions are overpriced and not beneficial

by Tech Reporter
26th Aug 22 3:30 pm

Global expenses app, ExpenseOnDemand, has commissioned an extensive survey of business leaders to understand how firms are utilising tech, the demand for tailored solutions and biggest challenges over the next 12 months.

A staggering 75% of businesses leaders believe the tech they subscribe to is overpriced and more than half (59%) want a more tailored solution.

Millions of business leaders believe they are overpaying for the tech services needed to help with their business processes and on top of this many firms can’t get the full benefit of this tech as it isn’t tailored to their specific needs.

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Often these two issues come hand in hand as tech firms only offer a ‘one size fits all’ subscription even though many small businesses are only utilising a small amount of the functions they are forced to pay for.

Accounting and Expenses software is a great example of how tech giants have built platforms that are used universally but offer little tailoring or personalisation and for many small businesses don’t actually offer interfaces or solutions that are actually that helpful or intuitive.

This is especially true for small businesses who don’t have the time for the extensive training often required to make the most out of these complicated solutions.

At ExpenseOnDemand we integrate and transfers data between Xero/Sage and QuickBooks ensuring the app remains a market leading service but we also allow businesses to hand pick what services they need, and we can tailor our solution to mirror their current business processes rather than forcing them to change to match our tech.

We have also updated the app to make it easier for the new normal as, employees work from home and businesses are turning to technology for simpler and automated solutions.

Sunil Nigam, Founder at ExpenseOnDemand told LondonLovesTech.com, “We commissioned our report to help us understand what businesses want and how they are paying for tech that they can’t use, or the solution simply doesn’t work with their current processes.

“Managing and monitoring employee expenses is challenging especially with a remote workforce and that is why we offer a flexible and tailored solution and work with our clients to match their needs.

ExpenseOnDemand will allow you to automate all your staff expenses and we pride ourselves on ensuring our tech is market-leading and our costs are not only completely transparent but also very competitive.

At ExpenseOnDemand we offer a 30-day free trial, with the option to “pay as you use” model, allowing our clients to have flexibility and reassurance that they aren’t tied into a long-term commitment.”

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