Bank of America Merrill Lynch has launched a cloud-based suiteof cash management software designed for small businesses orcompanies with less-complex treasury needs. Powered by the bank'sCashPro Online portal, Cash Management Essentials includessolutions for account management, payables, receivables, fraudprotection, and account information and reporting. Supplementalwire, ACH, and image lockbox solutions are also available asadd-ons.
A hosted solution, Cash Management Essentials is meant toprovide common treasury functionality at an affordable andeasy-to-understand monthly price.
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