Bank of America Merrill Lynch says it will add a new investment application, CashPro Invest, to CashPro Online, the treasury management portal it launched last year. CashPro Invest will help companies with their short-term investments, with capabilities including order entry, research and reporting. B of A says it will develop the new application with Cachematrix, which provides custom trading solutions for financial firms. Clients that now use MoneyMarket Express will migrate to CashPro Invest when it becomes available later this year, according to the bank.
Travelex Global Business Payments has joined forces with Kyriba, which provides a software-as-a-service treasury management product, to help corporate customers simplify their global payments, according to the two companies. The joint solution will give customers a straight-through process for international payments and provide them with visibility into their cash flows across all currencies, the companies say.
Protiviti, a Menlo Park, Calif.-based business consulting company, says auditors using the latest version of its Governance Portal for Internal Audit can do their work anytime, even if they are not connected to the network. The synchronization management engine in the latest version of Governance Portal ensures that when the auditor reconnects to the network, any conflicts in the data are resolved, Protiviti says.
Incisive, a Saratoga, Calif., provider of spreadsheet management solutions, says the latest version of its Validate suite of tools can more efficiently manage a company's spreadsheet risks. Added features in Validate 3.0 include change reports that list all changes to cells since the last audit, a regional approval wizard that lets users approve several formulas at once, and a function that lets users know when there are changes in linked workbooks. There's also a progress panel that compiles statistics about the spreadsheets.