Strands BFM

Strands BFM is a software solution that provides bookkeeping and accounting services for small and medium enterprises (SMEs). It primarily solves three problems: money management, access to lending, and successful scaling of businesses. The software solution provides a product sheet to 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. This 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