*Background music present throughout*
Scene description:
Overhead view of shipping containers with tractor trailers moving in a time-lapse manner.
Text on Screen:
What if your receivables could reconcile themselves?
Spoken text:
What if your receivables could reconcile themselves?
Scene description:
Graphics of circles and squares fading in and then merging into two dots orbiting in a circle around each other
as the words Automation and Smart Tech point to the dots.
Text on Screen:
Intelligent Receivables from Bank of America
Automation
Smart Tech
Spoken text:
Intelligent Receivables from Bank of America is a reconciliation solution that uses automation and smart
technology to benefit both your business and your customers.
Scene description:
The two orbiting dots reappear, while an arrow points to the text as it appears and lines of code scroll by.
Text on Screen:
100% data capture
Nearly 95% reconciliation rate
Spoken text:
It can help you achieve nearly 100% data capture with support from our team, and up to a 95% straightthrough
reconciliation rate at the invoice level.
Scene description:
A skyscraper at night.
Text on Screen:
Here’s how Intelligent Receivables works.
Spoken text:
Here’s how Intelligent Receivables works.
Scene description:
An illustration of two buildings. A line connects the two and a dollar sign with the word “Payment” flows
between them. A second line appears between the buildings, with a paper icon and the word “Remittance”
flowing between the buildings.
Text on Screen:
Electronic payments like ACH and wires
Remittance details arrive separately
Spoken text:
Today, electronic payments like ACH are common. But when a customer sends a payment to your bank
account, remittance details arrive separately. This creates a burden on your staff to connect the dots for your
records.
Scene description:
The camera zooms in on the paper icon. Connecting to it are three icons: A person icon labeled “Customer ID”;
a receipt icon labeled “Invoice numbers”; and a paper stack icon labeled “Amounts.”
Text on Screen:
Scans all remittances for invoice information
Invoice numbers
Amounts
Customer ID
Spoken text:
Intelligent Receivables uses sophisticated technology to scan all remittances for the invoice information and
the corresponding customer data.
Scene description:
A magnifying glass icon floats over the paper icon. The Customer ID, Invoice numbers and Amounts icons
rearrange into a list and checkmarks appear alongside all three.
Text on Screen:
Our specialized team will manually review the data
Customer ID
Invoice numbers
Amounts
Spoken text:
If a remittance cannot be read automatically, our specialized team will manually review the data and capture it
for you, giving you close to 100% data capture.
Scene description:
The three icons begin to orbit around a dollar sign icon.
Text on Screen:
Enriches the payments with remittance data
Spoken text:
The system then identifies who paid, and enriches the payments with the required remittance data. Over time,
it can even learn customer patterns and behaviors using Artificial Intelligence to improve its accuracy.
Scene description:
The dollar sign icon and the three orbiting icons appear to the left of the original two orbiting dots as red
paper icons float in and disappear from the right. Arrows flow toward the two dots from each side.
Text on Screen:
Matches enriched payments to your open invoices
Spoken text:
Next, Intelligent Receivables matches the enriched payments to your open invoices, with up to a 95% straight through reconciliation rate…
Scene description:
The two orbiting dots remain. An email icon appears with an X through it and a paper icon appears with an X
through it.
Spoken text:
…eliminating the need to sift through emails for scattered remittance information and reducing manual
processing.
Scene description:
A time-lapse video of a skyscraper in the early morning.
Text on Screen:
Close open receivables faster
Get a clear view of customer payments
Improve your team’s efficiency
Spoken text:
Intelligent Receivables helps you close open receivables faster and get a clearer view of your customer
payments — all while improving your team’s efficiency.
Scene description:
A large, overlapping circular highway interchange at night with traffic moving swiftly.
Spoken text:
And, when paired with our CashPro® platform, you can access Intelligent Receivables with a single sign-on,
giving you a holistic view of your company’s financial information.
Scene description:
A bridge across a river with traffic and trains, which appear to be heading directly into the sunrise.
Spoken text:
Intelligent Receivables from Bank of America. It’s how we’re working every day to make business easier, and to
put your business at the edge of what’s next.
Scene description:
Bank of America logo
Text on Screen:
“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.
©2022 Bank of America Corporation. All rights reserved.
