Simplify how you collect, process and view receivables while migrating from paper to electronic with our full range of solutions. All designed to enhance your speed, visibility, accuracy and cost-efficiency — locally and globally.
INTRODUCING: A SMARTER WAY TO RECONCILE
Bank of America Merrill Lynch Intelligent Receivables® is an innovative matching solution that helps to take the manual work out of reconciling today’s receipts.
Because payments and associated remittances often arrive separately, it can mean extra effort to bring the information together. Using artificial intelligence and various web scanning techniques, Intelligent Receivables scans all remittances for critical information; then enriches the payments with that data and matches them to your open invoice file. You can enjoy nearly 100% data capture and straight through reconciliation levels that may reach up to 90% or even more.
Watch our video to learn how this new solution helps to deliver improved DSO, increased customer satisfaction and overall process improvement.
HANDLE CASH AND CHECKS WITH GREATER EFFICIENCY
Make fewer trips to the bank, lower costs, increase employee productivity and—perhaps best of all— gain faster access to funds for improved working capital. Learn more about cash automation with SafeConnect PlusTM and CASH360TM and electronic check processing with CashPro® Remote Deposit.
RECEIVE PAYMENTS ELECTRONICALLY
Speeding your incoming payments can help you put capital to work faster. Our web-based receipts solutions help you reduce Days Sales Outstanding (DSO) and optimize working capital.
- Accept card payments at the point-of-sale, online and over the phone with Remote Payments Online and Bank of America Merchant Services
EXPERIENCE GREATER SPEED, ACCURACY AND SECURITY
Reduce mail float and expedite processing with our extensive lockbox network. Take advantage of our patented accelerated image capture services and online access to remittance details, checks and related correspondence. Our Image Lockbox service is Payment Card Industry (PCI) certified and HIPAA compliant.
MANAGE RECEIPTS ONLINE
Get direct access to online receipts with CashPro® Receivables, our comprehensive tool to help reduce your day’s sales outstanding, improve workflows and increase visibility into your cash flows worldwide.
Conveniently access comprehensive electronic solutions, including ACH, Remote Payments Online and file-based receipts through CashPro® Connect.
All services may not be available in all jurisdictions and are subject to change without notice.