, Taiwan

BofAML Global Transaction Services reveals CashPro Accelerate

This is for China Airlines.

According to a release, Bank of America Merrill Lynch Global Transaction Services (GTS) has implemented its CashPro Accelerate® reporting solution for China Airlines, Taiwan’s largest international carrier. The implementation comes as Taiwan-based corporations continue to embrace next generation technology solutions for cash visibility purposes, consistent with Bank of America Merrill Lynch treasury research.

CashPro Accelerate provides numerous benefits for the airliner’s treasury management operations locally and internationally. The solution empowers the company to optimize cash visibility across its global branches, enhancing both treasury controls and forecasting functions.

CashPro Accelerate also simplifies forecasting processes by benchmarking cash flow forecasts and pinpointing variances from projected cash flows. Furthermore, CashPro Accelerate provides the client with centralized reporting, allowing the online management and analysis of account information and the creation of customized spreadsheets. 

CashPro Accelerate integrates with CashPro® Online, Bank of America Merrill Lynch’s web-based banking and financial management solution, to retrieve bank account data and provide around the clock access to information. The solution works in tandem with CashPro Online’s Information Reporting module, through which clients can work online to access and analyze account information empowered by the flexibility of the Excel format and the security and reliability of Bank of America Merrill Lynch’s global platforms.

The implementation of CashPro Accelerate by China Airlines is consistent with the results on the inaugural Bank of America Merrill Lynch-SunGard Asia Pacific Treasury Management Barometer. According to Taiwan-based treasurers, 72 percent identify cash visibility as a primary focus in the next 12 to 24 months, compared to a weighted average of 60 percent in Asia Pacific.       

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