BofA Merrill Launches Enhanced Online Investment Access for Corporates
Bank of America Merrill Lynch (BofA Merrill) has enhanced its online liquidity management and investment order capability. Corporate and commercial clients can now use CashPro Invest to enter orders and obtain information and reporting for US dollar-denominated money market mutual funds (MMMFs) and other short-term investment products. Clients also now have access to extensive research available on MMMFs.
CashPro Invest is integrated with CashPro Online, the bank’s next-generation treasury management portal, meaning clients have a one portal solution using a single sign-on to navigate to virtually all of their treasury, credit and investment applications.
“Through CashPro Invest, our clients can quickly and easily enter money market mutual fund and other short-term orders online with streamlined navigation and robust security features,” said Fred Berretta, global liquidity investment solutions executive for BofA Merrill. “They can also manage orders within their own company defined investment policy rules. In addition, they have fast and flexible access to virtually all of their investment account information as well as a significant amount of mutual fund research, all from one online location.”
CashPro Invest will eventually replace two existing BofA Merrill online investment applications, Connection and MoneyMarkets Express.