Strands BFM

About Strands BFM

Strands BFM allows banks with bookkeeping and accounting services for the SMEs working with them. Primarily, the tool solves 3 basic problems. Firstly, the problem with money management. Secondly, getting a lending accession. And thirdly, successfully scaling their businesses. The software solution provides a product sheet to the banks and individuals to get an insight into the type of enterprise and how the finances are taken care of. Strands BFM then leverages and assesses the type of customer an SME has, and then plans to manage its finances accordingly. Furthermore, the solution also tracks the progress of the enterprises, analyses the pros and cons and then includes them in the finance management. It enables banks to improve the rates of engagement of the SMEs under them. This, on the other hand, helps them to get new revenue possibilities. The company also has several other services like Strands PFM, Strands Engager, Strands CLO and Strands Open hub. These provide banking and financial solutions to a varied range of customers.