Global Transaction Services

Transaction services designed to optimize your working capital

Bank of America delivers the market leading transaction banking solutions including information reporting and analytics, backed by the direct clearing capabilities on all paper and electronic clearing platforms in India, to optimize working capital and liquidity needs of clients with greater visibility, efficiency, automation and control. We also provide clients comprehensive solutions for meeting their day-to-day working capital requirements across treasury management and trade finance, backed by an efficient implementation and client servicing infrastructure.

Efficient payment processing

  • Along with the timely processing of the clients’ international and domestic payments (paper, electronic and statutory), the bank also has online payment initiation capabilities through CashPro®Online, which provides a secure and efficient platform for flexible initiation, approval, access and management of transactions from virtually anywhere in the world through a web browser.

Automated receivables management

  • We help clients optimize the days’ sales outstanding (DSO) by efficiently managing their paper receipts through timely collection, warehousing and efficient clearing, and increasing efficiency of electronic receipts through our Virtual Accounts and NACH debit solutions with enhanced data capture and reporting capabilities.

Trade services and Trade finance

  • We have the specialized global trade expertise and technology designed for corporate and financial institutions to help them manage working capital more efficiently, reduce costs, and increase visibility. Our solutions include Letters of Credit, Receivable Finance, Supply Chain Finance, Banker’s acceptance and many more that are offered through our award winning CashPro TradeTM platform.

Account and liquidity management

  • We provide local in-country Indian Rupee (INR) and foreign currency (EEFC) accounts and have the ability to link to the world’s major clearing systems and provide access to passive and active term deposit options for earning interest on short term surplus INR balances. We provide enhanced visibility and control of group-wide liquidity with local and regional resident/non-resident account structures and sweep solutions, using our online information reporting capability.

Award-winning customer service

  • We are committed to providing world-class service and fulfillment experience, making us the preferred partner for the clients. This includes simplifying documentation, providing flexible service options, helping clients monitor their accounts against unexpected events and maintaining quality performance standards.

Client Recognition & Industry Awards

  • Bank of America has a strong local presence and won numerous awards for our transaction banking services. Treasury Management International has awarded us accolades such as: The Best bank for Cash & Liquidity Management, India (2015), Best bank for Financial Supply Chain Management, India (2015), Best Bank for Payments & Collections in India (2014) along with the Best Global Transaction Services House for two consecutive years (2015, 2014).