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).