Bank of America Merrill Lynch has launched Dashboard Analytics, a new tool on the global reporting and account management system for commercial card clients in more than 70 countries and in 21 languages.
The new dashboard tool will help senior level executives and treasury departments make better educated decisions to improve their working capital, negotiate better terms with key suppliers and facilitate compliance with company travel.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The tool tracks spending and company-wide transactions and is meant to aid executives in negotiating better terms with suppliers.
The tool also gives companies the resources they need to control spending, and optimize profits.
Kevin Phalen, head of global card and comprehensive payables in global transaction services, said: "Dashboard Analytics harnesses the power of big data to translate millions of transactions from across the globe into a sleek and actionable dashboard view.
"Dashboard Analytics promises executives the ability to quickly pinpoint negative trends or non-adherence to company policy. The invaluable intelligence – that has a variety of detailed data – can help companies save on travel expenses and ultimately improve their working capital," added Phalen.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
