SMEs missing out on discounts

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UK SMEs are under pressure to make savings, but cannot access the finance options enjoyed by larger firms, according to research from American Express Corporate Membership Rewards.

Key findings of the report were:
* 56 per cent of financial decision makers in small and mid-sized firms say the VAT increase has been a catalyst to put expenses under greater scrutiny;
* 63 per cent say they could do more to achieve further savings and extra value for providers;
* But 62 per cent say they struggle to make savings as they miss out on savings, discounts and rebates enjoyed by larger organisations.

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