FinqTreasury is your platform for automating the operations of the financial department.
Based on open banking technology and benefiting from the performance and scalability of cloud systems, FinqTreasury does everything your back office financial department employees do. Only faster and without mistakes.
What does FinqTreasury do?
- Connects all your current accounts from any European bank.
- Aggregates all your banking transactions from these accounts in the same format.
- Allows you to export all account statements in a uniform format.
- Enables automatic import of all account statements into accounting and your customer and supplier management system.
- Automatically categorizes your banking transactions, allowing for their automatic accounting.
- Can automate the reconciliation of payments and receipts against invoices received from suppliers or issued to customers.
How long does it take to set up all these automated operations in your company?
- BANK CONNECTION: between a few hours and a few days, depending on the bank.
- TRANSACTION AGGREGATION: immediately after connecting the current accounts.
- ACCOUNT STATEMENT EXPORT: immediately after connecting the current accounts.
- AUTOMATIC IMPORT: between a few days and a few weeks, depending on the ERP system.
- AUTOMATIC ACCOUNTING ALLOCATION: immediately after connecting the current accounts.
- AUTOMATIC RECONCILIATION: a month from ERP integration.
FinqTreasury is the fastest way to achieve the goal of digitizing and automating the financial operations in your company. You don’t need an IT project and resources, there’s no need to sign additional agreements with the banks you work with, and no maintenance resources are required.
What do you gain with FinqTreasury?
- Operational efficiency: your operational costs for treasury, accounting, and collection will decrease by at least 50%.
- Speed in decision-making: all your financial decisions will be made at least 50% faster, based on real-time data obtained from all banks simultaneously.
See a demo and activate now a monthly subscription for the FinqTreasury software service offered by Finqware, the most efficient open banking service for large companies in Europe.
About Finqware
Headquartered in Bucharest, Finqware was established in 2018 by a team of fintech enthusiasts, each with a strong background in either banking or core IT infrastructure. Backed by institutional investors such as Elevator Ventures, Raiffeisen International venture capital arm, and Gapminder, Finqware is already a preferred provider for open banking technology for the largest banks in Central and Eastern Europe such as Banca Transilvania, Alpha Bank, CEC Bank and OTP, has a Seal of Excellence from the European Commission and is supported by Microsoft for Startups. It is renowned for being the first technology company to enable Open Banking in real-life production in Croatia and Romania and has already been recognized for its potential to become the CEE open banking leader.
On the enterprise segment, Finqware is defining the Treasury Management Automation category through its FinqTreasury SaaS platform that functions as an financial operation system for mid to high corporate companies.
