Koxa Treasury Gateway Platform Provides ERP Connectivity to Q2 Digital Banking Platform Customers
Rhea-AI Summary
Q2 Holdings (NYSE: QTWO) has partnered with Koxa Corp. to integrate Koxa's Treasury Gateway platform with Q2 Direct ERP, enabling enhanced banking operations for commercial customers directly within their ERP systems. The integration allows treasury clients to manage payments and collect reporting data from their ERP environment, improving efficiency and reducing fraud risks.
The solution is pre-integrated via Q2 Innovation Studio, facilitating rapid deployment for financial institutions. This partnership addresses the growing demand for ERP connectivity in digital banking, offering streamlined treasury management capabilities to banks and credit unions serving commercial clients.
Positive
- Integration enables direct banking operations within ERP systems, improving efficiency
- Partnership addresses growing market demand for ERP connectivity
- Pre-integrated solution allows rapid deployment for financial institutions
- Reduces fraud risks and human error in treasury operations
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, QTWO declined 1.13%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Q2 Holdings, Inc. (NYSE: QTWO) is a leading provider of digital transformation solutions for financial services, serving banks, credit unions, alternative finance companies, and fintechs in the
Koxa's Treasury Gateway allows treasury clients to submit, approve, and release payments, and collect information reporting data for reconciliations, all from inside their ERP environment. This gives commercial accounting teams hours back in their day, reduces fraud risks and human error, and increases cash flow.
"Our integrated solution with Q2 will help banks deliver the ERP-banking solutions their clients are asking for much more quickly and with minimal integration effort. Koxa and Q2 share a DNA of innovation and unwavering commitment to massively improving digital banking experiences for banks and their clients," said Koxa Co-Founder and CTO Camellia George.
"Demand for ERP connectivity is rapidly increasing," said Q2 CTO Adam Blue. "We are proud to partner with Koxa to deliver enhanced treasury management excellence to our commercial banking clients."
Koxa's Treasury Gateway is pre-integrated via Q2 Innovation Studio, which allows financial institutions to rapidly deploy the standardized integration to their customers.
For more information about the solution, visit koxa.io.
About Koxa
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 (i) submit, approve, and release payments, (ii) track payment status and auto-reconcile settled payments, and (iii) pull statement and other reporting data without having to leave their ERP. Visit www.koxa.io for more information.
About Q2 Holdings, Inc.
Q2 is a leading provider of digital transformation solutions for financial services, serving banks, credit unions, alternative finance companies, and fintechs in the
View original content to download multimedia:https://www.prnewswire.com/news-releases/koxa-treasury-gateway-platform-provides-erp-connectivity-to-q2-digital-banking-platform-customers-302459108.html
SOURCE Koxa Corp