Tide and BT boost SMEs by financing one million businesses and saving over 550,000 Tide users on devices and plans.
In an effort to empower SMEs in the face of rising prices and help them save time and money when operating their businesses, business finance platform Tide and BT have partnered.
Tide’s linked finance and admin solutions are now available to BT’s one million small company clients thanks to the two companies’ recent cooperation. This comprises the main elements of the platform, like expense cards, Tide Accounting, payment and payroll services, and invoice generating.
The collaboration is a response to the growing expenses small businesses must pay for operating their operations while also meeting their growing need for mobile and fast broadband connectivity.
Additionally, over 550,000 Tide users (members) will have access to savings on a variety of EE phones, laptops, tablets, and BT SIM-only plans.
According to a recent BT survey, 41% of UK business owners now only operate their companies online. Approximately 73% of individuals who now operate a business or side project believe that they could not do it without dependable mobile and internet connectivity.
The recent announcement supports BT and Tide’s collaborative goal of revolutionising the small business community. According to Tide, the change will allow more SMEs in the UK to use its integrated platform to save time and money.
In order to help its smallest customers, BT has partnered with a number of like-minded businesses in a variety of industries, such as retail, hotels, banking, finance, and membership organisations. It is in conjunction with BT’s Skills for Tomorrow initiative, which has facilitated free access to digital skills training for over a million small companies.
Making the most of UK SMEs’ potential
BT’s managing director for small and medium-sized business, Chris Sims, stated: “A lot of small businesses are facing challenges right now that make financial planning difficult for them.”
“BT and Tide are dedicated to supporting small businesses in overcoming these obstacles and realising their full potential, and a key component of this is enabling savings on BT’s top-notch business broadband and Tide’s industry-leading financial solutions.”
“The addition of BT to Tide’s highly successful partnership programme is a perfect opportunity for our new and existing members to get precious time back via Tide’s business financial platform,” stated George Schmidt, SVP of member acquisition marketing at Tide.
With the help of our integrated services, small businesses can handle all of their credit, payroll, accounting, and banking needs from their Tide account. This collaboration enhances this service and benefits small enterprises during a period of continuous cost pressures.
