Bank of America is unveiling a powerful transaction search engine with integrated investigation capabilities on CashPro. CashPro is the banking platform used by 40,000 companies around the world to manage and monitor their payments, deposits, loans and trade finance transactions. The new capabilities were developed with feedback from Bank of America's clients and are the latest updates to CashPro Data Intelligence, a suite of tools that companies can use to gain insights on their treasury operations and processes.

In addition to speed, the search engine delivers full visibility into a company's transactions, providing details such as a payment status, incoming and outgoing messages, Swift GPI tracking details and images. From CashPro Search, clients can now launch an inquiry into a transaction ? an extremely common task in banking ?

to validate the status or details of a payment, which could include domestic or international wires, Automated Clearing House (ACH) Payments, Real-Time Payments, and even incoming FX credit transactions or loan proceeds. The data captured from the transaction inquiry is automatically routed to the service team. Clients can track the progress of the resolution and get real-time status updates and even view correspondence from a beneficiary's bank.

CashPro: Innovation and momentum highlights A platform of innovation · Numerous CashPro related patents have been granted to date. The result is an platform that combines ease of use and broad, integrated functionality. CashPro Chat enabled by Bank of America's Erica AI technology · Since its launch in September 2023, more than 40% of CashPro clients have engaged with this virtual assistant to quickly view transactions, find information about their accounts and navigate CashPro functionality.

CashPro Insights · Part of the CashPro Data Intelligence suite, CashPro Insights was launched in January 2024 and analyzes a company's information flowing through the platform to create insights on how the user can improve their operations and processes. The Security Insight, for instance, measures the robustness of a user's security controls. CashPro Supply Chain Solutions · This platform offers participants in a supply chain the benefits of digitization with improved process efficiency and working capital optimization.

Launched in September 2023, Open Account Automation is the first module of CashPro Supply Chain Solutions, and addresses invoice approval and payment, one of the most common processes in global trade.