Mastercard VP Shares How Partnering with Strands is Helping SMEs with Cash Flow Management
Jay Singer is Senior Vice President, Global Small Business Segment at Mastercard. In this role, he leads the global development and commercialization of the Mastercard innovative commercial products and solutions that serve small businesses.
In an article, Singer speaks of how poor cash flow management is one of the top reasons small businesses fail. He says Mastercard recently integrated its digital payments technology into the Strands BFM (a SME Finance Forum member), helping small businesses better understand their finances, project short-term cash flow and view personalized recommendations for products or services. The Strands BFM contains a layer of AI and machine-learning models that help manage accounts payables, receivables, budgets and inventory.
Learn more about the solutions these two SME Finance Forum members offer.