Bank of America Merrill Lynch’s commercial card clients will now have analytics-based account management capabilities thanks to Dashboard Analytics, a new module launched today by the bank as part of its Global Reporting and Account Management system, the bank announced today. Treasury staff and senior executives will be able to make analytics-based business and account decisions around their working capital, travel policies and suppliers, the bank said.
“Dashboard Analytics promises executives the ability to quickly pinpoint negative trends or non-adherence to company policy. The invaluable intelligence -- that has a variety of detailed data -- can help companies on travel expenses and ultimately improve their working capital,” Kevin Phalen, the head of global card and comprehensive payables in global transaction services for Bank of America Merrill Lynch, added.
Companies will be able to use three different dashboard views of the module’s data. The first view tracks the total spend or transaction count by time period, spend category or other groupings. The second tracks spend and transactions according to the different parts of the company’s organization, and the third tracks decreases in spend and transactions.