Koxa and Synovus Join Forces to Innovate Banking within ERP Systems

In a significant move to enhance the efficiency of financial operations, Koxa Corp., renowned for its ERP-banking solutions, has announced a strategic partnership with Synovus Bank. This collaboration aims to deliver a breakthrough solution called Gateway ERP, specifically designed for commercial clients by effectively integrating banking workflows directly within enterprise resource planning (ERP) systems.

A New Era of Integration

Launched by Synovus, the Gateway ERP calls upon Koxa's innovative technology to produce a more cohesive and efficient treasury management system. This initiative is set to transform how businesses manage their financial transactions by embedding banking functionalities directly into the ERP environment.

"Our mission is to eliminate the friction between enterprise systems and banking," stated Camellia George, co-founder and CTO of Koxa. The introduction of Gateway ERP epitomizes this vision, offering businesses tools that allow them to operate more swiftly and intelligently.

By utilizing Gateway ERP, commercial clients affiliated with Synovus will now have the opportunity to streamline their treasury management processes. Payment initiation, cash flow management, and transaction reporting will all occur seamlessly within their existing ERP software, effectively reducing the need for separate banking applications.

Enhancing Client Relationships

As Katherine Weislogel, executive vice president and head of treasury and payment solutions at Synovus puts it, “Our clients want efficiency, connectivity, and trust.” The integration of banking directly into the ERP system is a significant leap forward in simplifying financial operations, thereby enriching client relationships.

This partnership not only amplifies Koxa's commitment to delivering integrative banking solutions but also extends Synovus's dedication to offering clients a uniquely modern and technology-driven experience.

The Advantages of Koxa's Treasury Gateway

Koxa's Treasury Gateway platform is designed to effectively link banks with their corporate treasury clients. This connection enables users to conduct essential banking operations from within their ERP systems, significantly minimizing operational hurdles. Here are some key functional benefits offered by the platform:

1. Payment Management: Clients can submit, approve, and release payments effortlessly. The platform also tracks payment statuses and reconciles settled payments automatically, ensuring that businesses have a clear and up-to-date view of their financial standing.

2. Integrated Reporting: Beyond just transaction management, Koxa enables clients to pull statements and gain insights without the hassle of switching between different systems. This feature makes it easier for corporate accounting teams to maintain a steady workflow and enhances overall productivity.

3. Simplified Operations: By integrating treasury management functionalities into existing ERP systems, Koxa helps businesses to consolidate their financial operations. This not only saves time but also reduces the potential for errors that may arise when using multiple systems.

For more details about Koxa, you can visit their official site at koxa.io.

About Synovus Bank

Established in Georgia and fortified by FDIC insurance, Synovus Bank provides a wide array of commercial and consumer banking services. From wealth management and treasury solutions to mortgage services and asset-based lending, Synovus caters to various financial needs of its clients. With a commitment to operational excellence, they have been recognized as a Great Place to Work-Certified Company, showcasing their dedication to employee satisfaction and corporate integrity. For more information, check their website at synovus.com.

In summary, the collaboration between Koxa Corp. and Synovus Bank represents a pivotal moment in financial technology, promising to reshape the nature of how businesses interact with their banking services. Through innovation and integration, they are paving the way for improved efficiency and stronger client relationships within the commercial banking landscape.