Bank of America Merrill Lynch
(BofA ML) has
launched an iPad app version of Paymode-X, the bank’s online payments and
e-invoicing solution powered by Bottomline Technologies.
The portable platform gives treasurers real-time access to critical
corporate payments information, and mobility, allowing them to take
actions to ensure that payment and settlement cycles continue to
flow wherever they go.
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“It’s an incredibly powerful tool, allowing businesses to
remotely connect to their payments and invoicing system, and as a
result, have better control, efficiency and predictability of their
cash flow,” said Kevin Phalen, head of card and comprehensive payables at BofA ML.
Paymode-X connects users to a private network of over 185,000
suppliers that accept e-payments and send e-invoices, as well as
supports paper cheque print services through single
file integration.
In 2011, BofA ML clients processed over
88m transactions
worth more than USD125bn through Paymode-X.
