#United States #Columbus #Huntington Bank #Kyriba #Intelligent Treasury

Huntington Bank Unveils a Modern Treasury Management Solution

Huntington National Bank has officially announced the introduction of its latest innovation, Intelligent Treasury, a state-of-the-art treasury management platform. The initiative aims to empower businesses to streamline their treasury operations, enhance cash visibility, and manage liquidity more effectively across multiple banking relationships.

As companies increasingly operate across various banks and financial systems, managing cash, payments, and liquidity can become complex. Many organizations find themselves sifting through fragmented data sources, which makes decision-making cumbersome. Recognizing these challenges, Huntington has introduced Intelligent Treasury to provide a streamlined solution for businesses.

A Unified Approach to Treasury Operations

Intelligent Treasury emerges from a strategic collaboration with Kyriba, a leading fintech specializing in liquidity performance. The platform is built on cloud-based infrastructure, offering enterprise-grade treasury capabilities while remaining accessible and practical for a diverse array of clients. With this solution, businesses can centralize their individual banking relationships. This centralized approach allows users to view balances, transactions, and build cash forecasts all in one place. Moreover, it enables the initiation of supported payments and the tracking of payment acknowledgements.

Deepak Kapoor, Head of Payments Product at Huntington, emphasizes the importance of this innovation: "The reality is many larger businesses operate across multiple banks, systems, and sources of financial data. We designed Intelligent Treasury to help businesses reduce resources, save time, and have information at their fingertips to enhance visibility and planning."

Key Features of Intelligent Treasury

The features of Intelligent Treasury reflect its comprehensive capabilities, designed to address the specific needs of modern businesses.

Multi-Bank Reporting and Cash Positioning

The platform provides consolidated visibility into balances, transactions, and cash positions across connected banking relationships. This feature is vital for businesses seeking to understand their overall financial standing at a glance.

Advanced Cash Forecasting

Intelligent Treasury includes daily, weekly, and monthly forecasting abilities, which feature forecast-to-actual analysis to support more precise liquidity planning. This helps businesses predict their cash flow more accurately and make informed decisions.

Centralized Payment Management

With streamlined payment workflows, approval controls, audit tracking, and payment-status visibility, Intelligent Treasury simplifies payment management across banking relationships. This capability minimizes errors and enhances operational efficiency.

ERP Connectivity and Automation

The integration of banking data with enterprise resource planning systems reduces the need for manual processes, improving overall operational efficiency. Businesses can automate several treasury functions, allowing for quicker response times to changing financial needs.

Investment in Modern Financial Solutions

Amit Dhingra, Chief Enterprise Payments Officer at Huntington Bank, highlights the company's commitment: "At Huntington, we are investing in payments to help clients adapt, grow, and succeed in a rapidly evolving marketplace. We are expanding access to innovative treasury capabilities that provide greater financial visibility, support informed decision-making, and empower organizations to focus on priorities that drive sustainable growth."

For further information, businesses can explore the Intelligent Treasury platform by visiting huntington.com/intelligent-treasury.

About Huntington

Founded in 1866 and headquartered in Columbus, Ohio, Huntington Bancshares Incorporated is a regional bank holding company with approximately $288 billion in assets. As a top 10 U.S. commercial bank, Huntington National Bank offers a comprehensive suite of banking, payment, and risk management products to consumers, small to middle-market businesses, and various organizations across the nation. With around 1,400 branches in 21 states, Huntington continues to uphold its commitment to relationship banking and modern financial solutions.