Bank of America app targets real-time treasury control

Bank of America is positioning its CashPro app to serve as a real-time control point for treasury operations, addressing the growing need for immediacy in financial management. Traditional treasury functions, often characterized by delayed reporting and batch processing, are rapidly shifting towards instant data and decision-making capabilities. This evolution requires finance teams to fundamentally reassess how they manage cash, mitigate risks, and make strategic choices. The CashPro app aims to facilitate this transition by providing immediate insights and control over treasury activities, moving away from legacy systems built for slower processing.