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CashPro
Hear how clients are putting our platform to work
Transacting anywhere, anytime
[Scene description: Bank of America logo]
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Laura Fox Barnes with Allegis Group, CashPro Advisory Board Member
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We’re such a large company. We have members that sit globally across really a lot, multiple countries. And the ability for us now to have access to the data, to have access to the administration function, and have access to really real-time balances—whatever time zone you’re in—at all times, at your fingertips.
[Scene description: Whitaker addressing interviewer off-camera.]
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Wayne Whitaker with Oxbow Industries, CashPro Advisory Board Member
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CashPro Mobile is better, faster, and easier to use than the screen version. I am now doing my releases through the phone, even though he’s sitting at his desk, he’s doing them through the phone.
[Scene description: Barnes addressing interviewer off-camera.]
[Spoken text:]
In years past when we were traveling or at a conference, we would have to have our laptops, we would have to have our tokens, and it just really was cumbersome across the board. So the ability to have access to all that data at your fingertips has really helped kind of make our treasury function way more efficient.
[Scene description: Whitaker addressing interviewer off-camera.]
[Text on screen:]
Bank of America.
“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 members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed.
©2020 Bank of America Corporation. All rights reserved.
[Scene description: Bank of America logo.]
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CashPro
Hear how clients are putting our platform to work
Using the power of your data
[Scene description: Bank of America logo]
[Text on screen:]
Laura Fox Barnes with Allegis Group, CashPro Advisory Board Member
[Spoken text:]
Access to data: I mean this is the hot topic these days about, you know, different ways to slice and dice and really wanting access to anything and everything at any moment’s notice. So really cash visibility to report back on a lot of this different data has been crucial to not only help our forecasting but also just simple things, like looking at bank fees.
[Scene description: Barnes addressing interviewer off-camera.]
[Text on screen:]
Bank of America.
“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 members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed.
©2020 Bank of America Corporation. All rights reserved.
[Scene description: Bank of America logo.]
[Text on screen:]
CashPro
Hear how clients are putting our platform to work
Simplifying how you work
[Scene description: Bank of America logo]
[Text on screen:]
Wayne Whitaker with Oxbow Industries, CashPro Advisory Board Member
[Spoken text:]
CashPro Assistant is fantastic because it’s a lot easier to use than it used to be: a lot more interactive and we’re able to get answers a lot faster without having to pick up the phone and getting in a queue.
[Scene description: Whitaker addressing interviewer off-camera.]
[Text on screen:]
Bank of America.
“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 members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed.
©2020 Bank of America Corporation. All rights reserved.
[Scene description: Bank of America logo.]
[Text on screen:]
CashPro
Hear how clients are putting our platform to work
Multichannel efficiency
[Scene description: Bank of America logo]
[Text on screen:]
Wayne Whitaker with Oxbow Industries, CashPro Advisory Board Member
[Spoken text:]
We were able to really superstreamline our treasury processes so that we could really get straight-through processing in the true sense of the word.
[Scene description: Whitaker addressing interviewer off-camera.]
[Text on screen:]
Laura Fox Barnes with Allegis Group, CashPro Advisory Board Member
[Spoken text:]
CashPro Connect and the ability to really send payment files, upload, through multiple channels, whether it be SWIFT or API or an upload through the actual CashPro website—all of which we’re using in multiple different ways depending on the country, depending on what functionality we have—but really that multiple channel access has been crucial for our business.
[Scene description: Barnes addressing interviewer off-camera.]
[Spoken text:]
Treasury no longer gets a big stack of wire-transfer requests from our accounts payable department, “Hey can you log into B of A CashPro and do this stack of wire transfers for us?” Those days are gone. And so the amount of effort that treasury does in non-value-added activities has diminished greatly.
[Scene description: Whitaker addressing interviewer off-camera.]
[Text on screen:]
Bank of America.
“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 members of the NFA.
Investment products offered by Investment Banking Affiliates:
Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed.
©2020 Bank of America Corporation. All rights reserved.
[Scene description: Bank of America logo.]