Mastercard and Olist partner to provide free management systems for SMEs

Mastercard and Olist have announced a partnership to offer enterprise resource planning (ERP) systems to small and medium-sized enterprises (SMEs) with discounts of up to 100%. Announced during the Sebrae Entrepreneur Fair in São Paulo, the initiative allows businesses to access Olist's integrated management tools for up to 12 months free of charge.

To qualify, entrepreneurs must hold or apply for a corporate Mastercard issued by any financial institution. The Olist system includes features such as inventory control, invoice issuance, and financial tracking, supplemented by an artificial intelligence assistant accessible via WhatsApp.

The partnership aims to address high mortality rates among SMEs by reducing manual processes in stock management and financial reconciliation, providing better operational visibility for businesses with limited resources.