Strands BFM

Strands BFM is an advanced software tool designed specifically for banks to provide bookkeeping and accounting services to small and medium-sized enterprises (SMEs) that work with them. Its main aim is to help SMEs solve three primary problems: effective money management, accessing lending facilities, and scaling their businesses successfully.

One of the key features of Strands BFM is its ability to provide detailed insights into the finances of an SME. The tool offers a product sheet that provides banks and individuals with an overview of the enterprise and how it manages its finances. Based on this information, Strands BFM leverages and assesses the type of customer the SME has and then plans to manage its finances accordingly.

Moreover, Strands BFM also tracks the progress of SMEs, analyses their financial performance, and identifies areas for improvement. This allows banks to engage with SMEs more effectively and offer tailored financial solutions that meet their specific needs. By improving the rates of engagement with SMEs, banks can unlock new revenue possibilities and build stronger relationships with their customers.

In addition to Strands BFM, the company offers several other services, including Strands PFM, Strands Engager, Strands CLO, and Strands Open hub. These services provide banking and financial solutions to a wide range of customers, including individuals, corporations, and financial institutions.

Strands PFM is a personal financial management tool that enables individuals to track their expenses and manage their finances more effectively. Strands Engager, on the other hand, is a customer engagement platform that helps banks to build better relationships with their customers. Strands CLO is a credit decisioning platform that enables banks to make better lending decisions, while Strands Open hub is an open banking platform that enables banks to integrate with third-party financial services.

Overall, Strands BFM and its suite of other services provide banks with the tools they need to provide comprehensive financial solutions to their customers. By leveraging cutting-edge technology and advanced analytics, Strands helps banks to better engage with their customers, drive revenue growth, and build stronger, more profitable relationships.