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Bank of America Merrill Lynch Announces New Supply Chain Management Tool

The new product allows the bank's buyer clients and their suppliers to manage their cash flow.

Bank of America Merrill Lynch today unveiled a new online supply chain module available for its Trade Pro platform.

Launched in March, Trade Pro is the trade processing application within the bank's CashPro Online treasury services product. The new module, called Trade Pro Supply Chain Finance, offers buyers and suppliers around the world a collaborative tool to manage risk while freeing up working capital, streamlining business processes and reducing the costs associated with supply chain management, said the bank.

Key features of the product include an improved user interface, enabling immediate access to supply chain finance data designed to help companies in decision making and auditing. The module is also available in nine languages.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

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