News

Bank of America launches payables optimisation tool

Monday 21 October 2019 15:19 CET | News

Bank of America Merrill Lynch has introduced a new Accounts Payable Optimisation solution for B2B transactions.

The new system aims to solve a common business problem of choosing the best and most efficient payment method for hundreds of recipients, by analyzing each supplier to determine the most efficient payment method for each.

For clients choosing to use the Accounts Payable Optimization they will experience a simple onboarding process, receiving deeper data analytics. The client will also have one file to manage all treasury payables. A pilot launch was conducted earlier this year to select clients of the bank, but is now available to all Bank of America Merrill Lynch client companies.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Bank of America, Bank of America Merrill Lynch, product launch, Accounts Payable Optimisation, AP, accounts payable, AP optimisation, treasury payables, banking, online and mobile banking
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: United States
This article is part of category

Banking & Fintech