BofA Merrill’s new Trade Pro portal launched today will be available through CashPro® Online, the bank's treasury management and on-line banking channel. The new trade and supply chain portal enables clients to automate and manage import and export trade and supply chain activity between buyers and sellers. As a global offering, Trade Pro is available in multiple languages, and enables users, through customized settings and dynamic data-mining and reporting, to tailor their set up to their specific business needs.
Trade Pro is fully integrated with the BofA Merrill online portal, CashPro, so that corporate clients can holistically manage their cash management and trade. Key features of Trade Pro include:
- importers will be able to insert automatically their purchase order (PO) details into letter of credit (LC) or open account (OA) transactions. Users can also access online web images of related paper documents or electronic data elements
- exporters will be able to access web reporting to view export LC or OA transaction details and presentation discrepancies
- buyers will be able to make approved invoice details available to sellers for discounting prior to maturity.
Like this item? Get our Weekly Update newsletter. Subscribe today