True or False: You can filter the managing account list by selecting a processing hierarchy position.

Filtering the managing account list by selecting a processing hierarchy position is indeed possible. This feature allows users to streamline their views of accounts by organizing them based on the specific hierarchical structure. Utilizing the processing hierarchy means that users can focus on particular segments of accounts, making it easier to manage and analyze data relevant to their responsibilities or projects.

This functionality is essential for efficient account management, as it helps users to quickly locate and assess the accounts that fall within a certain section of the hierarchy. Having the ability to filter effectively enhances productivity and improves the user experience by ensuring that managing accounts are aligned with users' needs.