As a business owner, you may jump to fixing problems yourself with DIY solutions.
However, making a custom solution from scratch is often a disaster because you may:
- Slow down your time to market as you have to take on something completely new.
- Continue to make mistakes others have made, when there are people out there with more practise and expertise, having ironed out those problems.
- Watching money go down the drain on tools and solutions which already exist in other formats.
So what’s a better idea? Well to use a white label solution of course. White label products/services are packages which as made by one company and sold by another. The reseller can then customise the product with branding, logos and their identity. This helps create customer association to the product. And while the reseller benefits from not having to worry about the manufacture, the producer can focus on more cost effective ways to build up the product without having to worry about its marketing.
Almost every product can benefit from these white label solutions, and expense management is no different. It allows companies to use and implement important expense management automation with their own branding and layouts, increasing their portfolio and adding massive value.
Consider the following factors if you’re still not convinced if a white label solution is right for you:
- It makes your clients happy. Your consumers have an end goal in mind, and a white label solution can help them get there quickly and easily. Customers may be forced to look for answers elsewhere due to the extra months (or even years) it takes to develop your own solution. You may avoid this by providing a ready-made solution that suits their demands right away.
- It helps you save both time and money. Creating a solution from the ground up requires significant financial and human capital resources, not to mention time. While a custom solution may appear to be the greatest option at first, the effort may soon disrupt internal business processes and blow budgets. Even if you believe you can create it yourself, you must account for marketing time. Consider how long it will take to architect, develop, build, and test the solution. If you need to deploy quickly, skipping any of these procedures could put you even further behind. When time is of the importance and you need to act quickly, it may be more cost-effective to invest in an established solution.
- It’s simple and quick to brand. If you’re attempting to come up with innovative ways to improve your business, white label solutions can help. Because white label products are typically fully integrated and ready-to-use, branding is a breeze. You don’t have to worry about time and money spent of R&D. You can then add your own branding and identity before getting back to work.
- It allows you to concentrate on your company’s main strengths. In many situations, the solutions that businesses aspire to develop on their own are much beyond their areas of expertise. Stretching your resources to do anything outside of your core strengths is not a good idea. To determine whether a white label solution might help you achieve your goals more efficiently, take a thorough look at the solution you require and compare it to your available resources. Pre-packaged solutions allow you to put your trust in the experts in the field you’re interested in, and avoid making the same mistakes that others have.
White label solutions allow you to use your company’s distinctive branding to offer a product or service without having to invest in infrastructure or technology. As a consequence, you can concentrate on developing your brand and marketing your services while streamlining your consumers’ conversion process.
Capture Expense offers API solutions for customers which means you can expand your software portfolio in an instant. By adding your own branding and marketing, you can greatly increase software value with no real added work.
Contact us today to discuss this further or if you have any questions. We’d love to hear your thoughts.