Bank of America introduces new digital tool to benefit small businesses

Sharon Miller, Managing Director, Head of small business, Bank of America

Bank of America has introduced the Business Advantage 360, a new digital dashboard designed for entrepreneurs to manage complex financial aspects of their business.

Business Advantage 360 provides a view of business cash flow and access to real-time expertise and guidance.

The new features  include – a new streamlined view of key transactions, major expenses and credits and debits, automatic cash flow projections based on scheduled transactions, manual adjustment of cash flow projections to account for additional data, setting cash flow thresholds as well as the ability to connect with experienced small business bankers for guidance in just one click.

“Business Advantage 360 will help entrepreneurs save time and money, by providing a more complete financial picture of their business,” said Sharon Miller, managing director, head of small business at Bank of America. “This new feature is easily accessible on mobile devices, and will allow our clients to focus on the reasons they opened their business in the first place.”

In addition to Business Advantage 360, Bank of America offers a streamlined small business mobile lending experience and launched Business Advantage Relationship Rewards, the most comprehensive multi-product rewards program available in the small business banking space.

The Business Advantage 360 is built directly in the mobile application of Bank of America and will be available to the consumers by the end of the month.

Bank of America is a financial institution that serves individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.  Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services.

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