The technology assortment comprises account management, payments, receivables, fraud protection and account information and reporting products.
Other products, including supplemental wire, ACH and image lockbox packages are also available for businesses, which execute a lot of monthly transactions or need a more customized receivables technology.
BofA business banking and client development group global transaction services for global commercial banking head Galen Robbins said that small business owners require the same treasury tools used by larger companies.
"Based on their feedback, we developed Cash Management Essentials to give them all they asked for – and more – to help them effectively run their business and manage their cash," Robbins added.
All Cash Management Essentials products are scalable, which can be accessed through CashPro Online.
Operating in more than 40 nations across the globe, Bank of America serves nearly 52 million consumer and small business relationships with about 5,400 retail banking offices and approximately 16,300 ATMs online banking with 30 million active users.
