BofA Merrill Launches Trade and Supply Chain Portal
Bank of America Merrill Lynch (BofA Merrill) has launched Trade Pro, an electronic platform for large corporate and middle market companies seeking to enhance their trade and financial supply chain operations. Trade Pro will be available through CashPro Online, the bank’s treasury management and online banking channel for corporate and institutional clients, which offers an integrated view of treasury and trade functions.
Trade Pro enables clients to automate and more efficiently manage import and export trade and supply chain activity between buyers and sellers, saving time and resources. Trade Pro is available in multiple languages. Additionally, it delivers more flexibility and power to the users through customised settings and dynamic data-mining and reporting to best tailor their experience to specific global business needs.
“The functionality of Trade Pro will help to transform the way that company CFOs and treasurers manage trade and supply chain finance transactions,” said Bruce Proctor, head of global trade and supply chain finance, BofA Merrill. “The online tool will assist in making transactions more efficient and predictable while aiding in reducing resources, risks and expenses resulting from Trade Pro’s improved tracking, reporting, and management of export and import activity.”