American Express Introduces Cash Flow Management Hub, Expanding Its Backing for Small Businesses

American Express (NYSE: AXP) announced the launch of American Express Business Blueprint, the company’s new digital cash flow management hub “designed exclusively for small businesses, which features cash flow insights, digital financial products, and an easy way to reach and manage their Business Cards.”

American Express Business Blueprint™ is “a new digital cash-flow management hub designed exclusively for small businesses, featuring free cash flow insights, digital financial products, and an easy way to reach and manage American Express Business Cards.”

American Express Business Blueprint™ is “a new digital cash-flow management hub designed exclusively for small businesses, featuring free cash flow insights, digital financial products, and an easy way to reach and manage American Express Business Cards.”

Business Blueprint builds “on the Kabbage platform, which was acquired in 2020, as part of American Express’ strategy to expand its small business offerings beyond its leading Business Cards. Any U.S. small business may access, for free, personalized cash flow insights to help them make financial decisions more confidently.”

Small businesses may also “access applications for select financial products, like a business line of credit, and use the products, if approved, to help them more efficiently manage their cash flow from the Business Blueprint hub.”

Anna Marrs, Group President of Global Commercial Services and Credit & Fraud Risk at American Express, said:

“Business Blueprint marks a critical next step in American Express’s vision of becoming a digital one-stop shop for small businesses’ financial needs, whether to manage their cash flow, make payments, get paid, or access working capital. Kabbage is now fully integrated into the suite of American Express business products, providing business owners a wide range of digital financial solutions to help them manage their finances efficiently and confidently.”

American Express has “a long track record of supporting small businesses through innovative products and services to meet our customers’ ever-changing needs, from being the number one Business Card issuer in the U.S.2 to a leading financial services provider for businesses of all sizes globally.”

According to a new American Express survey, “polling 1,100 small businesses, 82% of respondents said a cash flow management hub would save them time to run their business, leading to improved efficiency (72%) and profitability (50%).”

American Express Business Blueprint™ is “designed to pair products with the daily tasks small business owners engage in to help them manage their cash flow, from taking a loan, to paying bills and vendors, sending wires, checking their account balances, making mobile check deposits, accepting card payments and more.”

An embedded feature within American Express Business Blueprint™ is My Insights, a free cash flow analytics solution, “providing small businesses personalized, 24/7 data analysis of many of their American Express business products4—including their American Express Business Cards—and linked external business-bank accounts.”

My Insights will automatically aggregate the data across these products and linked accounts to show:

  • Money-in and money-out cash flow analyses
  • Expense trends and detailed spending per account
  • Up to two-years of historical transactional data
  • 30-day cash-balance projections
  • Expense alerts, notifying customers of increased spend

For more details, check here.


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