Huntington Bank Announces Treasury Solution that Turns Multi-Bank Complexity into Improved Liquidity Management
Huntington Bank (HBAN) launched Intelligent Treasury, a treasury management platform designed to help commercial clients manage operations across multiple banking relationships.
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Huntington Bank (HBAN) launched Intelligent Treasury, a treasury management platform designed to help commercial clients manage operations across multiple banking relationships. Developed through a relationship with Kyriba, the cloud-based platform brings balances and transactions together in one location.
Clients can build cash forecasts, initiate supported payments and track payment acknowledgements. Capabilities include daily, weekly and monthly forecasting with forecast-to-actual analysis, payment approval controls and integration with enterprise resource planning systems. Huntington says the platform is designed to reduce manual processes and improve cash visibility and liquidity planning.
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Intelligent Treasury modernizes relationship banking with a unified platform that simplifies treasury operations
As treasury operations become more distributed across banks, ERP (Enterprise Resource Planning) systems and financial technology providers, many organizations need to navigate managing cash, payments and liquidity across disconnected sources of financial data. Additionally, sophisticated treasury technology has often required significant software investments.
Huntington is helping clients simplify decision-making across those complex operations with Intelligent Treasury. This platform was developed through a strategic relationship with Kyriba, an award-winning fintech focused on liquidity performance. It delivers enterprise-grade treasury capabilities on cloud-based infrastructure built to scale in a way that is accessible, practical and deeply connected to each client's banking relationships. The solution brings those individual relationships into one centralized location to view balances and transactions, build cash forecasts, initiate supported payments and track payment acknowledgements.
"The reality is many larger businesses operate across multiple banks, systems and sources of financial data," said Deepak Kapoor, Huntington's head of payments product. "We designed Intelligent Treasury to help businesses reduce resources, save time and have information at their fingertips to enhance visibility and planning. Huntington's relationship-banking model is built around understanding each business holistically and bringing together the right expertise, capabilities and solutions to help clients address their challenges and achieve their goals."
Key capabilities include:
- Multi-Bank Reporting and Cash Positioning: Consolidated visibility into balances, transactions and cash positions across connected banking relationships.
- Advanced Cash Forecasting: Daily, weekly and monthly forecasting capabilities, including forecast-to-actual analysis, to support more accurate liquidity planning.
- Centralized Payment Management: Streamlined payment workflows, approval controls, audit tracking and payment-status visibility across banking relationships.
- ERP Connectivity and Automation: Integration of banking and enterprise resource planning data to reduce manual processes and improve operational efficiency.
"At Huntington, we are investing in payments to help clients adapt, grow and succeed in a rapidly evolving marketplace," said Amit Dhingra, chief enterprise payments officer, Huntington Bank. "We are expanding access to innovative treasury capabilities that provide greater financial visibility, support informed decision-making and empower organizations to focus on the priorities that drive long-term growth."
Learn more about Intelligent Treasury at huntington.com/intelligent-treasury.
About Huntington
Huntington Bancshares Incorporated is a
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SOURCE Huntington Bancshares Incorporated