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Bank of America Merrill Lynch Launches Dashboard Analytics for Commercial Clients

The bank’s commercial clients will now be able to leverage big data capabilities as part of its account management system.

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.

[See Related: Will Tablets Be the Key for Corporate Mobile Banking?]

Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio

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