PNC Bank integrates Oracle Fusion Cloud ERP for embedded banking
0
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
PNC corporate and commercial banking clients now have seamless connectivity to key banking services directly within Oracle Cloud ERP, helping streamline financial operations and enhance overall efficiency.
The new embedded banking experience, which uses the Oracle B2B offering to provide turnkey connectivity, helps optimize business processes by reducing the need for clients to navigate between multiple platforms to retrieve balance and transaction information, initiate and approve payments and reconcile accounts —automating manual processes and helping save valuable time.
"We are committed to delivering innovative, secure and efficient solutions within PNC's Treasury Management platform that integrate seamlessly into our clients' workflows," said Howard Forman, executive vice president and head of PNC's Commercial Digital Channels. "By embedding our services within Oracle Cloud ERP, our clients can more effectively manage their cash position and spend more time running their businesses, while spending less time establishing bank connectivity and handling manual financial tasks."
This announcement builds upon PNC's strong record of integrating its banking services with leading ERP and treasury management systems, reducing the need for clients to use multiple systems and creating a more direct and comprehensive view of a company's financial information.
"Manual navigation between banking platforms and financial management systems can add friction, complexity, and human error, reducing the efficiency of financial processes," said Catherine You, group vice president, Oracle. "With PNC's banking services embedded in Oracle Cloud ERP, joint customers can increase the speed and accuracy of transactions to further increase productivity, reduce costs, and improve controls."
Oracle Cloud ERP offers a comprehensive set of enterprise finance and operations capabilities, including financials, an accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, and supply chain and manufacturing. More than 10,000 organizations turn to Oracle Cloud ERP to run their businesses and can embrace innovations in predictive, generative, and agentic AI to help optimize finance processes across accounting, procurement, and treasury teams.
PNC Treasury Management offers a platform of innovative, end-to-end technologies and experienced teams that help clients architect and implement a cohesive cash management system for their business
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