Bank of America has unveiled CashPro Insights, a groundbreaking digital tool designed to empower over 40,000 corporate and commercial clients globally. Integrated into the CashPro platform, this data-driven tool analyzes transactional data to provide actionable insights, enabling clients to make informed decisions, drive cost savings, and enhance operational efficiency.
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CashPro Insights, the latest addition to the CashPro Data Intelligence suite, offers a 'Security Insight' feature accessible through the CashPro App. Represented as a 'security meter,' it assesses users' security controls and provides actionable recommendations, allowing users to execute tasks seamlessly within the platform.
Jennifer Sanctis, Head of the CashPro App and Personalized Technologies, emphasizes the tool's focus on unlocking the untapped potential of data in treasury and cash management. Angela Brown, Assistant Treasurer at Continental, praises the tool for simplifying complex processes and making valuable data points readily accessible.
Jay Davenport, Global Co-Head of Corporate Sales in GTS at Bank of America, sees CashPro Insights as a game-changer for clients, offering predictive tools to maintain competitiveness and achieve strategic goals.
The tool breaks down client data into digestible segments, providing industry benchmarks, deposit balance notifications, dynamic graphical representations, and measurements for payment efficiency, supplier payment optimization, cross-border payment flows, and fraud protection.
Bank of America plans to expand CashPro Insights to other banking services, showcasing its commitment to innovation in treasury and transaction services. With a track record of digital innovations, including CashPro Chat, CashPro Supply Chain Solutions, CashPro Forecasting, and CashPro QR Sign-In, the bank remains a leader in providing powerful tools for a more informed, efficient, and secure financial future.
