Truist launches AI-enabled receivables platform to accelerate cash application and minimize exceptions

Rhea-AI Summary

Truist (NYSE: TFC) on February 3, 2026 launched an AI-enabled integrated receivables platform that centralizes payments and remittance data, automates reconciliation, and accelerates cash application to reduce manual work and exceptions. The solution offers ERP connectivity, real-time analytics, user entitlements, and smart remittance capture to improve cash visibility and shorten posting time.

Positive

• AI-driven cash application automates payment-to-invoice matching, reducing manual work
• Centralized receivables improve cash visibility and reporting in real time
• Seamless ERP connectivity enables straight-through processing with existing accounting systems
• Smart remittance capture extracts data from emails and payments to minimize exceptions

Negative

• No quantified implementation timelines or guaranteed DSO reduction provided
• Potential integration work for clients despite stated compatibility with existing systems

Key Figures

CFOs citing invoice errors: 45% Treasurers with receivables delays: 70% Remittance processing cost: 6.3% +5 more

8 metrics

CFOs citing invoice errors 45% AFP Payments Fraud and Control Survey, October 2024

Treasurers with receivables delays 70% PYMNTS Working Capital Tracker, September 2023

Remittance processing cost 6.3% Average share of total amount paid, Capgemini World Payments Report 2023

Price move 2.41% Change over prior 24 hours before AI receivables news

Current share price $52.66 Pre-news trading level on article date

52-week high $52.715 Pre-news 52-week high level

52-week low $33.56 Pre-news 52-week low level

Market capitalization $64,916,207,400 Pre-news market value of equity

Market Reality Check

Price: $54.03 Vol: Volume 12,428,322 is 1.15...

normal vol

$54.03 Last Close

Volume Volume 12,428,322 is 1.15x the 20-day average of 10,823,829, indicating elevated interest ahead of this AI launch. normal

Technical Shares at $52.66 are trading above the 200-day MA of $44.56 and sit 0.1% below the 52-week high of $52.715.

Peers on Argus

Regional and global banking peers like USB, PNC and NU also show gains between 0...

Regional and global banking peers like USB, PNC and NU also show gains between 0.46% and 2.17%, but momentum scanners did not flag a coordinated sector move, suggesting today’s 2.41% rise in TFC is more stock-specific around the AI receivables launch.

Previous AI Reports

1 past event · Latest: Nov 19 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Nov 19	AI leadership hire	Positive	+0.7%	Appointment of chief AI & data officer to lead enterprise AI strategy.

Pattern Detected

Limited AI-tag history shows a modestly positive reaction (~0.7%) to prior AI leadership news.

Recent Company History

Over recent months, Truist highlighted conferences, dividends, earnings, community initiatives and leadership hires. The only prior AI-tagged event in Nov. 2025 was appointing a chief AI & data officer, which saw about a 0.7% gain. Today’s AI-enabled receivables platform reflects execution on that strategy, moving from leadership and strategy announcements toward concrete, client-facing payment automation capabilities.

Historical Comparison

AI

+0.7 %

Average Historical Move

Historical Analysis

AI-related news previously saw a 0.7% move on leadership strategy. Today’s AI receivables launch continues that theme, shifting from organizational setup toward applied automation in payments and cash management.

Typical Pattern

Progression from naming a chief AI & data officer in Nov. 2025 to launching an AI-enabled integrated receivables platform that applies data and automation to cash application.

Market Pulse Summary

This announcement highlights Truist’s application of AI and machine learning to integrated receivabl...

Analysis

This announcement highlights Truist’s application of AI and machine learning to integrated receivables, targeting invoice-matching, exception reduction and cash visibility. It builds on earlier AI-focused leadership moves, signaling continued investment in automation and data. Investors may watch for client adoption, evidence of reduced days sales outstanding, and how these solutions influence operating efficiency, fee-based revenue opportunities and Truist’s competitive positioning in commercial payments.

Key Terms

ai, machine learning, erp, kpi

4 terms

ai technical

"announced a new integrated receivables platform that uses AI and machine learning"

Artificial intelligence (AI) is technology that enables machines to mimic human thinking and learning, allowing them to analyze information, recognize patterns, and make decisions. For investors, AI matters because it can improve how businesses operate, create new products, or identify opportunities faster and more accurately than humans alone, potentially impacting company success and market trends.

machine learning technical

"platform that uses AI and machine learning to help commercial and corporate clients"

Machine learning is a set of computer programs that learn patterns from large amounts of data and improve their predictions or decisions over time, like a recipe that gets better each time it’s adjusted based on taste tests. For investors it matters because these systems can speed up analysis, spot trends or risks humans might miss, automate routine work, and potentially create competitive advantages or cost savings that affect a company’s performance.

erp technical

"Integrates securely with leading ERP and accounting systems for straight-through processing"

ERP, or Enterprise Resource Planning, is a comprehensive software system that helps organizations manage and integrate core business processes such as finance, supply chain, and human resources in one unified platform. For investors, ERP systems can indicate how efficiently a company operates; strong and well-integrated systems often suggest good management and potential for sustainable growth.

kpi technical

"Real-time analytics & reporting: Centralized, KPI and auto-match reporting for reliable"

A KPI is a measurable metric a company tracks to show progress toward a specific business goal, such as sales growth, customer retention, profit margins, or production speed. Investors treat KPIs like a car’s dashboard: they reveal whether management is driving the company in the right direction, help compare companies on the same scale, and flag strengths or problems that could affect future returns.

AI-generated analysis. Not financial advice.

New solution unifies payments data, centralizes receivables and automates reconciliation to improve cash visibility and reduce manual work

CHARLOTTE, N.C., Feb. 3, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced a new integrated receivables platform that uses AI and machine learning to help commercial and corporate clients simplify receivables and improve cash visibility. The solution matches payments to invoices across checks and electronic rails, unifies payment and remittance data, and accelerates cash application activity.

Centralizing receivables and leveraging real-time automation, the platform accelerates posting, reduces manual work and exceptions, and strengthens access and fraud controls. Designed for simplicity, speed, and safety, it integrates with existing systems so clients can streamline workflows and scale as their needs evolve.

"Our new integrated receivables solution reflects Truist's purpose-driven commitment to solving real client challenges," said Chris Ward, Truist Head of Enterprise Payments. "AI and automation bring simplicity, speed, safety and smarter experiences — reinforcing why clients choose Truist as we transform how money moves."

Visit Truist.com/Receivables to learn more.

Finance leaders continue to report costly friction in receivables.

• Forty-five percent of CFOs say invoice errors cause significant payment disruptions and cashflow uncertainty.¹
• Seventy percent of corporate treasurers struggle with delays in receivables collection and reconciliation.²
• Remittance processing can consume an average of 6.3% of the total amount paid³, eroding margins and delaying decisions.

This launch reflects Truist's commitment to practical payments innovation that reduces complexity and delivers measurable value. By bringing together payments, remittance data, and reconciliation in one platform, Truist enables businesses to manage incoming payments more efficiently.

Integrated Receivables: Features and Benefits

• Efficiency & cost reduction: Automates reconciliation and exception management, scaling with business growth to reduce operating costs
• AI‑driven cash application: ML and business rules auto‑match payments to invoices and remittance, cutting manual work, shortening posting time and reducing days sales outstanding (DSO)
• Security & control: User entitlements and access management help reduce fraud risk
• Smart remittance capture: Extracts remittance from email and incoming payments to improve data quality and minimize exceptions
• Seamless ERP connectivity: Integrates securely with leading ERP and accounting systems for straight‑through processing
• Real‑time analytics & reporting: Centralized, KPI and auto‑match reporting for reliable decision-making

¹ Source: AFP, October 2024. 2024 AFP Payments Fraud and Control Survey Report
² Source: PYMNTS, September 2023. Working Capital Tracker^®: Automation Clears the Path to Getting Paid on Time
³ Source: Capgemini, World Payments Report 2023 (as cited in AFP, October 2024)

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top 10 commercial bank with total assets of $548 billion as of Dec. 31, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.

 

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SOURCE Truist Financial Corporation

FAQ

What did Truist (TFC) announce on February 3, 2026 about receivables?

Truist announced an AI-enabled integrated receivables platform to centralize payments and automate reconciliation. According to the company, the platform unifies payment and remittance data, accelerates cash application, and reduces manual exceptions for commercial and corporate clients.

How does Truist's new TFC platform reduce manual work for finance teams?

The platform uses machine learning and business rules to auto-match payments to invoices, cutting manual reconciliation tasks. According to the company, real-time automation speeds posting and lowers exception volumes to improve operational efficiency.

Will Truist's receivables solution integrate with existing ERP systems for TFC clients?

Yes, the solution includes secure ERP and accounting system connectivity for straight-through processing. According to the company, the platform integrates with leading ERPs to streamline workflows and enable automated posting.

What security and fraud controls are included in Truist's (TFC) receivables platform?

The platform provides user entitlements and access management to help reduce fraud risk and control permissions. According to the company, these features strengthen access controls as part of the integrated receivables offering.

How does Truist claim the receivables platform improves cash visibility and KPIs for TFC clients?

Truist says centralized reporting and real-time analytics deliver reliable KPI and auto-match reporting for better decisions. According to the company, these capabilities improve cash visibility and support faster, data-driven treasury actions.