Bank of America migrates clients to Works corporate card platform

Source: Bank of America

Bank of America today announced that it has completed its migration of clients to its Works platform, a Web-based solution that automates, streamlines and integrates corporate credit card payment authorization and reconciliation.

The move has enabled Bank of America to close two legacy platforms while offering more clients a single, user-friendly platform that enables them to utilize many of the bank's corporate card capabilities. Bank of America purchased Works in 2005 and has since seen a 20-fold increase in the number of clients using the platform.

"By moving our clients to Works, we exemplify a commitment to our clients to deliver a single, reliable platform from which they can perform every aspect of card program management," said Kevin Phalen, Integrated Debt and Treasury Executive. "The move away from legacy multiple-platform commercial card technologies is a demonstration of our leadership in the card business. It is in direct response to client feedback to reduce complexity and eliminate multiple reporting platforms."

Works offers patented leading-edge technology in the corporate card market via its Active Card Control capability which allows clients to more efficiently and cost-effectively perform payment automation. It connects a client's payment management automation with Bank of America's global credit card network and provides a dynamic configurable reporting tool, enabling users to create custom reports to meet their unique needs.

Prior to the acquisition of Works, Bank of America used EAGLS and Card Program Administrator tools for its commercial card technology. By consolidating a variety of tools into one user-friendly platform, clients gain greater control, increased spending visibility and the automated workflow needed to integrate cards into their procurement and accounts payable processes.

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