#United States #Pittsburgh #PNC Bank #Oracle Fusion #PINACLE Connect

PNC Bank Partners with Oracle Fusion Cloud ERP

PNC Bank has recently announced an integration of its award-winning embedded banking platform, PINACLE Connect®, with Oracle Fusion Cloud Enterprise Resource Planning (ERP). This strategic collaboration aims to offer PNC's corporate and commercial banking clients direct access to vital banking services within the leading Oracle Cloud ERP system. As a result, businesses will experience a streamlined financial operation that promotes efficiency and productivity.

The integration presents clients with an innovative embedded banking experience that utilizes Oracle's B2B offering, enabling a seamless connection that reduces the complexity of navigating through multiple platforms to access balance and transaction data or to initiate and approve payments. This consolidation not only automates manual tasks but also saves valuable time, allowing businesses to focus on growth and operations instead.

Enhancing Business Operations
Howard Forman, the Executive Vice President and Head of PNC's Commercial Digital Channels, expressed PNC Bank's commitment to delivering cutting-edge, secure, and efficient solutions that are integrated smoothly into their clients' daily workflows. He emphasized how this new service allows clients to better manage their cash positions, ultimately enabling them to dedicate more time to running their organizations rather than juggling numerous banking connections and manual financial processes.

The Importance of Integration
This announcement furthers PNC's established record of integrating its banking services with top-notch ERP and treasury management systems, leveraging technology to lessen the need for businesses to utilize multiple systems. This integration not only creates a direct and comprehensive view of a company’s financial health but also reduces potential errors associated with manual processes. Catherine You, Group Vice President at Oracle, highlighted that the manual navigational hurdles between banking platforms and financial management systems can create friction in financial processes, leading to increased chances of human error. By incorporating PNC’s banking services within Oracle Cloud ERP, clients can expedite the speed and precision of their transactions, enhancing overall business productivity while lowering costs and fine-tuning controls.

A Comprehensive Financial Solution
Oracle Cloud ERP covers a vast array of enterprise finance and operational capabilities, including financial management, procurement, project management, and more, catering to over 10,000 organizations globally. These organizations can capitalize on advanced innovations in areas such as predictive analytics and generative AI to further optimize their financial procedures, positively impacting accounting, procurement, and treasury sectors.

Conclusion
PNC Bank's integration of the PINACLE Connect® platform with Oracle Fusion Cloud ERP presents a significant leap forward in embedded banking solutions, enabling businesses to harness innovative technology for effective cash management and streamlined financial operations. The convenience of having crucial banking services available directly within a widely used ERP system supports PNC's goal of fostering stronger customer relationships and elevating the client experience.

To explore more about PNC Treasury Management and the PINACLE Connect® service, visit PNC Treasury Management.