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Bank of America launches Business Advantage 360 mobile platform for small business

Bank of America is launching a mobile toolkit for small businesses, Business Advantage 360, which provides a way to manage finances using a smartphone.

The platform, which is provided to any customer with a business deposit account, provides information cash flow as well as real-time guidance and expertise on managing finances, according to a news release.

Clients can see information on smartphones or tablets about cash flow, connect with small business bankers and access information about expenses and payments. The tool will be enhanced with payment, tax, payroll, merchant services and other capabilities, according to the release. It will be available by the end of February and is built directly into the Bank of America mobile and online platforms.

Bank of America has nine million clients that own a small business.