THE POWER TO streamline accounts payable
Ap Optimization from Bank of America
[BANK OF AMERICA® Logo]
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THE POWER TO streamline accounts payable
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AP Optimization from Bank of America
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Companies of all sizes face a common challenge.
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Choosing the best, most efficient way to pay hundreds or even thousands of suppliers.
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Finding the right payment type depends on many complex factors.
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It can be a hassle for your AP team to figure it all out.
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Will the supplier accept card?
What are the payment terms?
What is their credit rating?
Are they a strategic supplier?
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What if we said, “let us do the analysis for you”?
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With AP Optimization, Bank of America can tackle all of these details.
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AP OPTIMIZATION
Our experts do the work for you
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Our experts bring a data-driven approach to solving your complex challenges giving you the power to streamline accounts payable.
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Here’s how it works.
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First, simply send us your spend file.
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Our team then analyzes every single supplier and determines whether card, ACH, wire, or supply chain finance is the optimal payment method.
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Card
ACH Automated Clearinghouse
Wire
Supply Chain Finance
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You get one, integrated solution that brings all the benefits and flexibility of many different payment types.
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One
integrated
solution
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These benefits may include improved working capital, better cash flow, reduced costs, stronger supplier relationships, and you get all of these payment choices through a single implementation, for seamless payables coverage and service.
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Benefits of AP Optimization
- Improved working capital
- Better cash flow
- Reduced costs
- Stronger supplier relationships
- One implementation
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It’s all part of your commitment to providing guidance to help you stay ahead, and solutions that help make business easier.
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AP Optimization
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Ask your treasury sales officer about AP Optimization today.
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WHAT WOULD YOU LIKE THE POWER TO DO?(R)
[BANK OF AMERICA® Logo]
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“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed.
©2019 Bank of America Corporation. All rights reserved.
