American Express has launched a new cash flow management hub for small businesses. It’s been created to provide a powerful financial tool for small businesses that can help manage their cash flow, time, and more. Here’s everything you need to know about the new American Express Business Blueprint™.
Amex Cash Flow Tools for Small Businesses
American Express has long been supporting businesses through its business products and programs and continues to expand its support with the launch of its new digital cash-flow management hub, American Express Business Blueprint™. It’s designed exclusively for small businesses and comes with features to help people manage their businesses.
In 2020 American Express acquired Kabbage, a fintech company that helps fund small businesses through an automated lending platform. The American Express Business Blueprint™ builds on the Kabbage platform which is fully integrated into the suite for Amex business products. It serves the purpose to help make financial decisions more confidently. Best of all the new financial hub is free for small businesses.
The new Business Blueprint™ features include the following:
- Cash flow insights
- Digital financial products
- Reach and management of Business Cards (like a business line of credit)
Amex Survey Findings
If you’ve been living under a rock, then you may not be aware that American Express is the number one business card issuer in the U.S. They are also a global financial service provider for businesses of all sizes. With that said, Amex has recently surveyed 1,100 small businesses. Their findings:
- 82% of respondents said a cash flow management hub would save them time in running their business
- 72% said the hub would lead to improved efficiency
- 50% said the hub would lead to improved profitability
In addition, the American Express Business Blueprint™ is designed to also pair products with daily tasks small businesses engage with in managing cash flow. For example, taking a loan, paying bills and vendors, and much more. Other daily tasks Business Blueprint™ can help manage, include the following:
- Sending wires
- Checking account balances
- Make mobile check deposits
- Accept card payments
The New Embedded Feature for Businesses
Furthermore, the American Express Business Blueprint™ has an embedded My Insights feature. With My Insights, small businesses will have access to customized charts and graphs which can help paint a better picture of cash flow. Additionally, small businesses will receive personalized data based on select business products and accounts, and an overview of monthly spending. How does the My Insights feature help businesses?
- Manage cash flow
- Anticipate cash flow fluctuations
- Plan for future cash flow gaps
“My perception of American Express has greatly expanded from a card company to a true partner that offers products that help me with the tasks needed to run my business,” said Julie Matzen, an American Express customer and CEO of Team MayDay, a digital advertising agency. “With American Express Business Blueprint, I save so much time from having to log in to different products and tools but instead can access my American Express Business Cards, line of credit, and data from one place.” source.
Within Business Blueprint clients will have access to various Amex digital products such as:
- American Express®Business Line of Credit for flexible business loans.
- American Express®Business Checking * for a digital business checking account with a 1.30% APY on balances up to $500,000, and the ability to earn Membership Rewards®
- American Express®Payment Accept 7 for accepting all major card payments from customers online.
About American Express
American Express is a globally integrated payments company, that provides customers with access to products, insights, and experiences that enrich lives and build business success.
Related Article: Amex and Delta Announce TakeOff15 Benefit
Featured image by Proxima Studio/Canva