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Bank of America Merrill Lynch unveils Supply Chain Module Trade Pro®

Bank of America Merrill Lynch today unveiled its online supply chain finance module in Trade Pro. The new module, Trade Pro Supply Chain Finance, offers buyers and suppliers around the world a collaborative tool and leading-edge technology to manage risk while freeing up working capital, streamlining business processes and reducing the costs associated with supply-chain management.

A key feature of Trade Pro Supply Chain Finance (SCF) includes an improved user interface, enabling immediate access to critical supply chain finance data that will aid companies in decision making and auditing. The module, which is available in nine languages, offers online reporting, allowing suppliers to create dynamic reports on a scheduled or ad hoc basis.

Trade Pro SCF allows buyers and suppliers to:

  • submit invoices and credit memos to manage and initiate discount offers • select flexible business rules to automate and streamline the approval process.
  • dynamically managing invoice and credit memo details through notifications, data mining, and reporting.
  • collaborating with their counterparty to resolve discrepancies, or execute transactions through real-time notifications of key supply chain finance events, such as availability of invoices for discounting.

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