Strands BFM

Optimal Business Financial
Management
for SMEs

Introduce a Business Financial Management solution to give your business customers an intuitive and smooth way to manage their finances.

BFM

IMPLEMENTATIONS

Flexible Implementation Models for Unmatched Banking Solutions

ON PREMISE

ON PREMISE

Complete control and seamless integration within your existing infrastructure.
ON SAAS

ON SAAS

Agility and convenience ensuring scalability and accessibility without the need for on-site infrastructure.
ON CLOUD

ON CLOUD

Flexibility and scalability to meet your evolving needs, enhancing performance and efficiency.

Trusted by top banks worldwide

Top banks worldwide are increasing their digital engagement and growth with Strands solutions.

Crédit Agricole
Finax
AIB
Huntington
STEP
ADCB
NCBA
BANK OF GEORGIA
BAC
Galicia
Davivienda
Banco BPM
HSBC
Santander
Macro
Money
Banco Cooperativo Español

BENEFITS

Avoid intermediators to increase direct interactions

Offer a comprehensive BFM to simplify financial management, enabling business customers to focus on business growth and making smarter decisions through data. This approach eliminates their need for intermediaries and boosts engagement with your digital platform.

Receive Real-Time Insights

Use real-time data to cover precise cash flow predictions.

Exploit Open Finance

Collect new data sources such as invoicing and use it to increase your cross-selling opportunities.

Avoid intermediation

Increase customer loyalty by making online banking the primary option.
Increase business customer satisfaction

%

Customer engagement rate

%

Cross selling ratio

%

User interaction with insights

Unique View On Working Capital

Transactional and AR/AP in a single view with a seamless navigation interface.

Fast Receivables

Be on top of clients and supplier through payables management.

Effective Management

Bring an easy and effective control over their cash flow forecasting and accounting.
Increase business customer satisfaction

%

Customer engagement rate

%

Cross selling ratio

%

User interaction with insights

FEATURES

Driving bank KPIs from business clients to a new level

Complete payment lifecycle control

Aggregate your small and medium business customers’ accounts and invoicing provider to offer them optimal financial control over their payment cycle:

  • Reconcile bank account transactions with AP/AR across all your customer’s accounts thanks to our aggregation partners.
  • Inform your customers when their invoices are being paid, having access to all their associated accounts.

Leverage patten detection and predictive models

Enriching transaction data allows for better categorization, forecasting and predictions to your business customers:

  • Enable a better understanding of finances through transaction categorization, description cleansing and merchant name extraction.
  • Harvest the potential of predictive models to detect and organize payment patterns for them to stay on track.
  • Forecast cash flow and support them to react in time avoiding liquidity risks.

Guide your customers to take the next best action

Provide them with real-time insights, tailored to their needs, to support their business financial wellness:

  • Customize dashboards and reports to help them become more aware of their spending habits.
  • Encourage them to take better financial decisions by creating provisioning goals, and budgeting.
  • Provide them with tailored solutions, advice and products based on their real needs, in real time.

1. AGGREGATE

Complete payment lifecycle control

Aggregate your small and medium business customers’ accounts and invoicing provider to offer them optimal financial control over their payment cycle:

  • Reconcile bank account transactions with AP/AR across all your customer’s accounts thanks to our aggregation partners.
  • Inform your customers when their invoices are being paid, having access to all their associated accounts.

2. ENRICH

Leverage patten detection and predictive models

Enriching transaction data allows for better categorization, forecasting and predictions to your business customers:

  • Enable a better understanding of finances through transaction categorization, description cleansing and merchant name extraction.
  • Harvest the potential of predictive models to detect and organize payment patterns for them to stay on track.
  • Forecast cash flow and support them to react in time avoiding liquidity risks.

3. PERSONALIZE

Guide your customers to take the next best action

Provide them with real-time insights, tailored to their needs, to support their business financial wellness:

  • Customize dashboards and reports to help them become more aware of their spending habits.
  • Encourage them to take better financial decisions by creating provisioning goals, and budgeting.
  • Provide them with tailored solutions, advice and products based on their real needs, in real time.

NOVO BANCO SUCCESS STORY
The most up-to-date account information

Strands' BFM solution was embedded into Novo Banco’s system with Strands providing end to end support. SME customers can keep track of their financial situation with accounts automatically updated after each transaction.

BFM ENGAGER

BANCO BPM SUCCESS STORY
Revolutionizing traditional banking

Banco BPM decided to undergo a full-on digital banking transformation launching Strands full product suite: PFM, BFM, and Engager. Altogether combined with Stands Tech Enablers, the bank completely transformed their customer’s banking experience in all digital channels.

PFM BFM ENGAGER

STEP SUCCESS STORY
Creating a Personalized Experience Tailored To Real Needs

STEP 4 Business is the first fully-fledged digital marketplace of products and services designed for SMEs, in “Amazon Style”. The platform offers a comprehensive one-stop-solution integrating the best financial...

BFM ENGAGER

AKBANK SUCCESS STORY
Akbank SME Movement – ‘For Your Business’ Service

Akbank, one of the biggest banks in Turkey, launches “For Your Business” service as a part of the SME Digitalization Program. As a bank with innovation and associations with fintechs and its compelling culture...

BFM ENGAGER

BANK OF GEORGIA SUCCESS STORY
A Leading Universal Bank in Georgia

In 2015, Bank of Georgia launched a mobile bank. Ever since, it’s been ramping up its digital transformation program. By all accounts, the bank is on to something...

BFM

HUNTINGTON SUCCESS STORY
Everything in one place with The Hub

US bank, Huntington Bancshares Incorporated is a regional bank holding company with $109 billion in assets, making it the largest in the Midwest region...

PFM BFM

WHY CHOOSE US

We are a Global Leader with a proven track record in the Fintech industry

Data analytics at the core with real-time technology

Leverage ML categorization enrichment engine and analytics model to detect real time events based on customers behavior.

Top skilled people sharing their
expertise

Our professionals will support you during solution design, implementation and after go live phase.

Unrivaled service model for all
sizes

Our solutions can be consumed via SaaS on private cloud for EU, on AWS for US, multi-cloud or legacy systems.

Data analytics at the core with real-time technology

Leverage ML categorization enrichment engine and analytics model to detect real time events based on customers behavior.

Top skilled people sharing their expertise

Our professionals will support you during solution design, implementation and after go live phase.

Unrivaled service model for all sizes

Our solutions can be consumed via SaaS on private cloud for EU, on AWS for US, multi-cloud or legacy systems.

Get spend management in line with your growth.
Let us help you scale.

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