Business Financial Manager (BFM)
Mellon offers Strands’ BFM application that empowers business customers to better forecast and manage their cash-flow by aggregating accounts and invoices into a single platform. It is the ultimate tool for SMEs, which allows them to run their business more efficiently and helps the bank to provide more tailored solutions to their business customers’ needs.
- Instead of a static list, transactions become actionable through search, filter, edit and split functions.
- Makes AR/AP management effortless and enables banks to handle end-to-end payment cycles for SME customers.
- Enables users to visualize expense categories and income sources over a defined date range through a frictionless, intuitive UI.
- SME customers can analyze and understand cashflow by tracking historic, actual and forecasted inflows & outflows.
- An interactive heat map shows daily, monthly and yearly spending patterns.
- Helps keep business expenses under control.
Custom thresholds allow business financial goals to be met faster and more intelligently.