Bank Of America Introduces SAP – Certified Interface for International Cash Management Clients’ Full Financial Cycle

This seamless interface eliminates the need for clients to spend time and money developing their own interfaces in order to link their enterprise system to their bank. The new software, ‘Bank of America Enterprise Gateway’ , is one of the first software applications allowing clients to transmit payment and collection orders directly from their SAP R/3 solution to the bank and to automatically accept account reconcilement information from the bank. ‘By providing a single ‘gateway’ to the bank’s global payments and collections networks, Enterprise Gateway will provide clients with improved connectivity with their financial institutions,’ said Keith Tayler, Vice President Product Development-Information Technology, Bank of America Global Treasury Services. ‘This seamless interface eliminates the need for clients to spend time and money developing their own interfaces in order to link their enterprise system to their bank.’

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