American Express study finds midsize firms face competition from larger peers

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American Express research

According to a report by American Express Company and CFO Research, midsize firms need to find a balance between quality and price as they face competition from larger firms (view press release). ‘A Valuable Turn for Finance’ surveyed 275 senior finance executives at firms with annual revenue between USD 4 million and USD 2 million and found that 57% of midsize companies mostly face competition from larger peers which can deliver significant volumes of goods and services with smaller margins.

“There is now a heightened need for midsize companies to find new ways to compete with larger competitors whose size provides pricing advantages,” said Darryl Brown, President, Americas, Global Corporate Payments, American Express. “Customers demand competitive prices and sustained quality. This forces companies to extract greater value from suppliers, vendors and their own organizations through tight fiscal controls in order to drive growth.”

 

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