Bank of America Merrill Lynch has been recognized by Global Finance magazine for the third consecutive year as the Best Overall Bank for Cash Management in North America. The magazine also named BofA Merrill as repeat winner of Best Bank for Liquidity Management in North America in addition to best Treasury Management Systems & Service Provider of Treasury Analytics for CashPro Accelerate®.
Global Finance editors, with input from industry analysts, corporate executives and technology experts, made the selections. In addition, for the first time, a poll of Global Finance’s corporate readership was conducted in order to increase the accuracy and reliability of the results. Complete details on the awards will be provided in the magazine’s March issue.
“At Bank of America Merrill Lynch, we strive to match our clients’ industry and regional needs as they expand into new markets by continuously innovating and by serving them in a consultative manner,” said Paul Simpson, head of Global Transaction Services. “Our clients are at the center of everything we do, and we are honored to receive recognition from Global Finance for the work we’re doing.”
CashPro Accelerate, BofA Merrill’s innovative cash management reporting solution within Microsoft ® Excel, enables clients to address common challenges such as accurately and efficiently establishing their global cash position, reconciling transactions and automating general ledger journal entries.“We are pleased that Global Finance has recognized the value that CashPro Accelerate provides to our clients,” said Cindy Murray, head of Global Treasury Product Infrastructure, Platforms and eCommerce. “CashPro Accelerate is ideal for a wide range of clients – from small businesses to large corporates – who want to leverage automation to eliminate the time it takes to manually calculate their cash position, freeing up time to spend analyzing the data.” CashPro Accelerate provides BofA Merrill clients around the globe the ability to retrieve bank account data through integration with CashPro® Online, BofA Merrill’s web-based banking and financial management solution, or by using the BAI2 import feature. It works in tandem with CashPro Online’s Information Reporting module, through which clients may work online to access and analyze account information. Bank of AmericaBank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 53 million consumer and small business relationships with approximately 5,500 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.