cash management on demand

Exclusive report – Growing pains: the cross-border payment challenges for SMEs

While cross-border payments have improved for consumers, standards in the B2B market have largely remained the same. Payments are still slow, fees are hidden, and tracking is largely non-existent for many firms.

In Spring 2023, Neo surveyed 100 CFOs and treasurers at UK-based SMEs with cross-border operations to find out what challenges they faced when sending money abroad and their risk management policies.

What's in the report?

The report unveiled three key themes:

Cross-border payments

Find out what challenges these UK-based SMEs have faced when sending money abroad.

FX challenges

Learn how SMEs have adapted their FX risk management programmes in response to recent volatility.

Diversification

Discover how businesses are diversifying their banking partners following the recent banking crisis.

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