BofA launches global treasury directory

Real Estate Weekly, May 31, 2006

Bank of America Global Treasury Services (GTS) announced it has launched Global Treasury Director (GTD), a new Web-enabled cash management solution that gives companies a comprehensive view of cash flow positions, resulting in enhanced control, improved liquidity management and effective concentration and investment of cash.

"GTD will now provide our corporate clients with the type of cash flow visibility and forecasting solution traditionally available only with the purchase and installation of client server-managed treasury systems," said Tom Delany, senior vice president and concentration product manager, Bank of America.

"The rollout of Global Treasury Director further enhances a comprehensive set of concentration and liquidity management solutions that we already offer."

GTD leverages existing Bank of America systems to integrate payment and receipts information and builds on the information using analysis and forecasting tools.