Bank of America Merrill Lynch announced the introduction of CashPro(R)Bill pay to the firms offering of payment solutions for their business clients.
CashPro(R) BillPay will small to medium sized companies develop a paper-free payment process allowing for more automation, control and precisions in payments timing and cash flow. The platform will be fully integrated with CashPro Online, B of A Merrill’s client access channel.
“When our clients utilize CashPro(R) BillPay, they are able to spend less time managing their manual accounts payable and payments processes and more time focusing on growing their business,” said Galen Robbins, head of Global Commercial Banking Transaction Services for B of A Merrill.
Companies using CashPro(R) BillPay may move towards a more efficient, paperless preparation by eliminating manual invoice processing and in-house paper check production. With this, companies can easily upload invoices into the app, route them for approval and schedule payments.
Robbins went on to explain that “we can help our clients spend less time managing internal processes and more time growing their business and serving their clients.’