What is Strands BFM and how does it function? Strands BFM is a tool that provides bookkeeping and accounting services for banks working with SMEs. It addresses three main challenges: money management, obtaining lending access, and scaling businesses successfully. The software offers banks and individuals a product sheet to understand the nature of the enterprise and its financial management. Strands BFM then assesses the SME’s customer base and creates financial management plans accordingly. Additionally, the solution tracks enterprise progress, analyzes pros and cons, and incorporates them into finance management. This improves SME engagement rates for banks and opens up new revenue opportunities. Strands also offers other services such as Strands PFM, Strands Engager, Strands CLO, and Strands Open hub, which cater to a diverse range of customers by providing banking and financial solutions.











