banking
Banking / Financial

Valley Bank Launches New ERP Banking Solution

Valley Bank and Koxa Corp. have announced a new embedded finance integration for Valley’s corporate banking clients.

Valley Connect, powered by Koxa’s Treasury Gateway platform, enables clients to retrieve real-time balance and transaction information, and submit, approve and reconcile payments, all from inside the clients’ enterprise resource planning (ERP) software.

The ERP-banking solution provides Valley’s clients with an alternative to expensive legacy file transfer systems and automates otherwise manual tasks. These improvements help drive efficiency gains for clients and enhance their internal controls.

“Valley is on the relentless pursuit to optimize our client experience,” commented Russell Barrett, chief operating officer of Valley Bank. “Partnering with Koxa now provides Valley’s commercial client base with best-in-class digital technology to eliminate legacy friction in serving their banking needs.”

Koxa Co-founder and CTO Camellia George said, “Our partnership with Valley exemplifies our commitment to delivering innovative, scalable solutions that meet the emerging, complex open banking needs of today’s treasury banks and their corporate clients.”

Koxa’s Treasury Gateway platform connects banks to their corporate treasury clients, letting clients bank directly from inside their ERP. Koxa partners with banks to extend the functionality of a bank’s online treasury portal directly into the user’s ERP or accounting software. With Koxa, corporate accounting teams can submit, approve, and release payments, track payment status and auto-reconcile settled payments, and pull statement and other reporting data without having to leave their ERP.

To access more business news, visit NJB News Now.

Related Articles: