TreasuryXpress Eliminates Bank Connectivity Barriers for Corporate Treasurers
November 5, 2018
On-Demand TMS Leader Partners with Envestnet | Yodlee, a Data Aggregation and Analytics Leader, to Digitize Bank Connectivity
From the AFP Annual Conference – Chicago, IL, November 5, 2018 – TreasuryXpress, the global leader in on-demand treasury management solutions today announced a partnership with Envestnet | Yodlee, a leading data aggregation and data analytics platform for digital financial services, to create a fully digitized approach to bank connectivity for corporate treasurers. The new solution will significantly reduce the time and costs associated with bank connectivity for corporate treasurers while expanding the banking reach for corporate clients worldwide.
“After years of experience in implementing TMS’, it is clear that connectivity is the most painful aspect to tackle during a project and usually causes the most delays for corporate treasurers,” says Anis Rahal, CEO and founder of TreasuryXpress. “Treasurers and TMS providers have had to rely manual connectivity protocols and onboarding processes that often result extravagant delays. Integrating Envestnet | Yodlee’s financial data API allows us to now achieve fully automated, secure, bank connectivity in a fraction of the time and cost.”
TreasuryXpress’ latest innovation will provide PSD2 and open-banking compliant access to over 20,000 banks across the Americas, Europe, MENA, and APAC regions of the world. This expansive and fully automated reach will help corporate treasurers improve time-to-market and achieve comprehensive visibility in both existing and emerging markets.
“TreasuryXpress shares our vision for simplifying how clients can gain access to information and we are pleased to be a part of their journey,” says Matt Cockayne, VP EMEA, Envestnet | Yodlee. “Through the integration of our single, unified, API platform into their on-demand treasury management products, customers will have access to enriched data and analytical insights.”
The TreasuryXpress integration with Envestnet | Yodlee further expands the firm’s unique On-Demand TMS model that is characterized by instant access and automated connectivity experiences. Corporate treasurers using TreasuryXpress’ solutions will have a reliable and cost-effective on-demand alternative for accessing financial institutions that may not be on the SWIFT network or where H2H is not a viable option.
“Digital transformation is defined by speed and the ability to collect and access data across channels. It is not defined by whether a TMS is a Cloud solution or not. It is how that solution uses modern Cloud innovation to connect to data, particularly banking data,” continues Rahal. “By enabling clients to be able to collect their banking data on the spot, TreasuryXpress has uniquely eliminated manual bank connectivity, thus finally defining the true digital, SaaS model for the 21st century.”
TreasuryXpress, the global leader in on-demand and digital treasury management solutions, has removed the cost-prohibitive and time-consuming barriers of automation for over 130+ treasuries worldwide.
Our clients achieve 100% bank connectivity and cash visibility, manage liquidity and working capital while automating and securing the end-to-end payment processing.
TreasuryXpress offers the most economic, easy-to-implement and easy –to use cloud-based treasury management software in the industry. Companies of all sizes can leverage our solutions to automate and optimize their finances on-demand and in the cloud.
About Envestnet Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet’s unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.
Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software for advisors. Envestnet | Retirement Solutions provides an integrated platform that combines leading practice management technology, research, data aggregation and fiduciary managed account solutions.
More than 88,000 advisors and more than 3,500 companies including: 15 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.
For more information on Envestnet, please visit www.envestnet.com and follow @ENVint