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MUFG Bank Partners with F&M to Provide Back-Office Support for Mid-Sized and Small Businesses
MUFG Bank announced on the 15th that it has formed a business partnership with F&M, a provider of accounting support services. The two companies will jointly offer services to help mid-sized and small businesses streamline their back-office operations. Specifically, MUFG Bank will introduce F&M's cloud accounting system and payroll services to its clients, aiming to reduce the burden of indirect tasks such as accounting and human resources. Going forward, the two firms plan to capture demand from companies seeking productivity gains and cost reductions through digitalization.