4 B2B SaaS platforms transforming business operations in the UK

By Gloria Methri

B2B SaaS (Software-as-a-Service) refers to cloud-based software solutions specifically designed to meet businesses’ needs. It is based on a commerce model in which a company acts as a vendor to provide software solutions to another company to help them with their daily tasks.

B2B SaaS can be used for a variety of tasks, such as accounting, office productivity, customer relationship management (CRM), and other work-related activities.

The B2B SaaS landscape in the UK is thriving, driven by the increasing adoption of digital tools and platforms among businesses. According to a report by Market Research Future, the global B2B SaaS market is expected to grow at a CAGR of 12.5% from 2020 to 2026, reflecting the significant expansion and potential in this sector.

Given below are four fast-growing B2B SaaS platforms in the UK, their unique offerings and their impact on the business landscape.

Flagstone is an innovative cash management platform that allows businesses to optimize their cash deposits by accessing a wide range of high-interest accounts from multiple banks. With Flagstone, companies can effortlessly manage their cash reserves, ensuring they get the best possible returns while maintaining liquidity. The platform’s secure and user-friendly interface makes it easy for businesses to diversify their cash holdings and maximize interest earnings with minimal effort.

Modulr provides a payment infrastructure that enables businesses to automate and streamline their payment processes. By offering a scalable API platform, Modulr allows companies to integrate payment capabilities directly into their systems, facilitating seamless and instant payments. This service is valuable for businesses that require high-volume and high-speed transactions, such as payroll, lending, and e-commerce. Modulr’s robust payment solutions help companies to enhance efficiency and improve cash flow management.

Soldo offers a smart expense management solution that simplifies the process of managing and controlling business spending. By providing prepaid company cards and an integrated platform, Soldo enables businesses to track expenses in real time, set spending limits, and automate expense reporting. This SaaS platform is particularly beneficial for companies looking to gain better visibility and control over their financial outflows, ensuring efficient budget management and compliance.

Tide is a business banking platform in the UK designed specifically for small and medium-sized enterprises (SMEs). With Tide, businesses can easily set up current accounts, manage expenses, and automate bookkeeping tasks. The platform’s intuitive interface and comprehensive financial tools help SMEs streamline their financial operations, saving time and reducing administrative burdens. Tide’s commitment to empowering SMEs has made it one of the most popular fintech solutions in the UK.

Also read: Global FinTech Use Cases Report 2021