Bank of America Debuts Beefed-up Trade Payables Discounting Program

Global Treasury Services target high-volume buyers, aim to reduce working capital requirements


Global Treasury Services target high-volume buyers, aim to reduce working capital requirements









  • Automatically upload invoice data into a secure, Web-based platform.

  • Provide suppliers with Web-based visibility into the cash flow associated with trade payables.

  • Collaborate online with suppliers on credit memos and other invoice offsets.

  • Enable suppliers to obtain "on-demand" financing at their discretion at the invoice level by requesting that Bank of America discount their accounts receivable due from the buyer.

  • Settle all trade payables electronically.
Tapping Web-based Platform







Varied Discount Rates







End-to-end Payables Reconciliation










Additional Articles of Interest

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