Bank of America today announced the launch of CashPro Forecasting, a tool that uses artificial intelligence (AI) and machine learning (ML) technology to more accurately predict future cash positions across clients’ accounts at Bank of America and other financial institutions.
The solution was developed in collaboration with a fintech that specializes in applying machine learning to cash forecasting to help solve a top pain point for companies: how to measure future cash needs without a significant manual effort or a costly technology investment.
Ken Ullmann, co-head of Global Commercial Banking, Global Transaction Services at Bank of America, comments:
“Many companies today rely on manual, repetitive work to forecast their cash needs, leaving little time to analyze the data for making strategic decisions, which is the actual objective of the forecasting exercise. With CashPro Forecasting, companies can automate their forecasting process while improving the accuracy of their predictions, all without making any IT investment.”
CashPro Forecasting is available to clients already using CashPro®, the platform that the bank’s corporate and commercial clients use to manage their everyday treasury and borrowing needs.
“Unlike competitor solutions, CashPro Forecasting requires no onboarding since it’s fully integrated into the platform, allowing it to automatically plug into the client’s historical cash flow information,” said Jay Davenport, head of Product Structuring Sales in Global Transaction Services at Bank of America. “A client can activate the service themselves from their CashPro settings, and begin using it immediately.”
CashPro Forecasting uses a variety of ML models to learn from a client’s historical cash flows, automatically selecting the most accurate one for each account and using it to forecast future cash positions. At the end of each day, the models are retrained based on the new cash flows from that day, allowing them to continuously learn and adjust for changes in seasonality and other operational impacts specific to each company.
The key features of CashPro Forecasting include:
- Improved accuracy – Machine learning technology automatically learns from historical cash flows;
- Scenario analysis – Users can create their own forecast scenarios by taking trailing averages or assigning growth rates;
- Multibank reporting – The service forecasts cash flows across Bank of America and bank accounts held at other third party banks;
- Transaction mapping – Users can create simple rules to automatically classify and forecast individual transactions into categories such as Collections or Payroll;
- Simple setup – Zero implementation. Companies can enable the service directly within CashPro and begin using it immediately;
- Customizable – Companies can forecast by account, currency, transaction type, or choose their own cash flow categories. These can be done on a daily, weekly, or monthly basis, up to a year in the future.
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Reading your article has greatly helped me, and I agree with you. But I still have some questions. Can you help me? I will pay attention to your answer. thank you.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.com/en/register-person?ref=V2H9AFPY
You re so awesome! I don t believe I have read a single thing like that before.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://www.binance.info/uk-UA/join?ref=UM6SMJM3
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me. https://www.binance.info/pt-BR/join?ref=IJFGOAID
Lorsque vous avez des doutes sur les activités de vos enfants ou sur la sécurité de leurs parents, vous pouvez pirater leurs téléphones Android à partir de votre ordinateur ou appareil mobile pour assurer leur sécurité. Personne ne peut surveiller 24 heures sur 24, mais il existe un logiciel d’espionnage professionnel qui peut secrètement surveiller les activités des téléphones Android sans les en informer. https://www.xtmove.com/fr/how-to-hack-someones-android-phone-without-touching-it/
Türbanlı modeller, olgun kadınlar, öğrenci kızlar… Aradığınız tüm tarzları tek çatı altında bulabiliyorsunuz. Çankaya escort kalitesini burada hissettim.
İyi ki denk gelmişim dediğim bir site. Aradığım zarafet ve sınıf buradaydı. Özellikle Çankaya escort profilleri çok seçkin.
Hayatımda ilk defa bu kadar seviyeli ve özenli bir hizmetle karşılaştım. Özellikle Ankara escort seçenekleri arasında AnkaraRusModel gibi bir site bulmak büyük şans.
Gizlilik, konfor ve kalite… Ankara Escort arayışlarımda tam anlamıyla ihtiyaçlarımı karşıladı.
маркетплейс аккаунтов соцсетей продать аккаунт
купить аккаунт услуги по продаже аккаунтов
биржа аккаунтов маркетплейс аккаунтов
маркетплейс для реселлеров маркетплейс аккаунтов соцсетей
купить аккаунт https://prodat-akkaunt-online.ru/
маркетплейс аккаунтов соцсетей аккаунты с балансом
профиль с подписчиками маркетплейс аккаунтов
Buy Account Account Store
Online Account Store Account Trading Service
Buy accounts Buy and Sell Accounts
Marketplace for Ready-Made Accounts Secure Account Sales
Profitable Account Sales Account Sale
Profitable Account Sales Website for Selling Accounts
Sell accounts Sell Pre-made Account
Account Store Secure Account Sales
Account Catalog Sell Account
Website for Buying Accounts https://socialmediaaccountsale.com/
account trading online account store
verified accounts for sale buy pre-made account
account market account exchange
account selling service website for buying accounts
social media account marketplace account acquisition
secure account sales account selling platform
database of accounts for sale sell pre-made account
account purchase sell pre-made account
find accounts for sale account acquisition
guaranteed accounts sell pre-made account
website for selling accounts guaranteed accounts
buy account accounts market
website for selling accounts account selling service
profitable account sales account selling service
database of accounts for sale website for buying accounts
WOW just what I was searching for. Came here by searching for nordvpn coupons inspiresensation – https://t.co – special
coupon code
account market website for selling accounts
account exchange service accounts market
Hi to every one, it’s actually a nice for
me to go to see this site, it consists of precious Information.
my website :: nordvpn coupons inspiresensation (wall.sh)
marketplace for ready-made accounts social media account marketplace
account acquisition account market
verified accounts for sale https://account-buy.org
I’m impressed, I have to admit. Rarely do I encounter a blog that’s equally educative and entertaining,
and let me tell you, you have hit the nail on the head.
The issue is an issue that not enough people are speaking intelligently about.
I am very happy that I came across this in my hunt for something
relating to this.
Stop by my website: nordvpn coupons inspiresensation
verified accounts for sale guaranteed accounts
sell pre-made account buy account
account marketplace sale-social-accounts.org
account trading profitable account sales
profitable account sales accounts marketplace
account acquisition secure account sales
account store account trading
find accounts for sale purchase ready-made accounts
profitable account sales https://accounts-offer.org
account exchange https://accounts-marketplace.xyz
account marketplace account marketplace
350fairfax nordvpn cashback
Hi there! I realize this is somewhat off-topic but
I needed to ask. Does managing a well-established website like yours take a large amount of work?
I’m brand new to operating a blog however I do write in my
diary on a daily basis. I’d like to start a blog so I will be able to share my experience and thoughts online.
Please let me know if you have any kind of suggestions or tips for new aspiring bloggers.
Appreciate it!
buy account https://social-accounts-marketplaces.live
social media account marketplace https://accounts-marketplace.live
account sale https://social-accounts-marketplace.xyz
account trading service buy accounts
find accounts for sale account market
accounts marketplace https://buy-accounts.live
buy accounts https://social-accounts-marketplace.live
account selling platform https://accounts-marketplace.online
account sale https://accounts-marketplace-best.pro/
продать аккаунт купить аккаунт
покупка аккаунтов маркетплейсов аккаунтов
купить аккаунт https://kupit-akkaunt.xyz
купить аккаунт akkaunt-magazin.online
маркетплейс аккаунтов akkaunty-market.live
продать аккаунт https://kupit-akkaunty-market.xyz