#USA #New York #Valley Bank #Treasury Gateway #Koxa

Valley Bank Launches Enhanced Banking Solution

Valley Bank has recently announced an innovative integration powered by Koxa Corp., aimed at providing a cutting-edge banking solution for corporate clients. Known as Valley Connect, this new embedded finance feature greatly enhances the banking landscape for businesses by enabling seamless financial operations directly from their existing enterprise resource planning (ERP) systems.

What is Valley Connect?

Valley Connect leverages Koxa’s Treasury Gateway platform to allow clients to access real-time balance and transaction information easily. This means that businesses can submit, approve, and reconcile payments without switching between multiple software platforms, significantly streamlining the financial management process. The solution serves as an alternative to older, cumbersome file transfer systems that have often hampered efficiency and increased the risks of errors in transactions.

Russell Barrett, the Chief Operating Officer of Valley Bank, expressed his enthusiasm for the launch: "Valley is on the relentless pursuit to optimize our client experience. Partnering with Koxa now provides Valley's commercial client base with best-in-class digital technology to eliminate legacy friction in serving their banking needs."

Benefits of the New ERP-Banking Solution

The introduction of this ERP-banking solution is set to provide several benefits to Valley's corporate clientele:

• - Increased Efficiency: Automating routine tasks means that clients can reduce manual entry and the potential for errors, driving higher productivity.
• - Enhanced Internal Controls: With all financial data managed through their ERP, businesses can enjoy better oversight and control of their fiscal activities.
• - Cost Reduction: By eliminating the need for costly file transfer mechanisms, businesses can redirect funds towards more productive areas.

Koxa's Co-founder and CTO, Camellia George, commented on the collaboration, stating, "Our partnership with Valley exemplifies our commitment to delivering innovative, scalable solutions that meet the emerging, complex open banking needs of today's treasury banks and their corporate clients."

About Koxa

Koxa is a forward-thinking leader in providing banking solutions that connect banks with their corporate treasury clients. Their Treasury Gateway platform integrates banking functionalities directly into a client’s ERP or accounting software, allowing accounting teams to conduct banking activities without leaving their primary work environment. This can include submitting, approving, tracking payments, and generating reports, thus enhancing operational efficiency.

About Valley Bank

Valley National Bank, as the primary subsidiary of Valley National Bancorp, boasts over $62 billion in assets and operates more than 200 branch locations across various states, including New Jersey, New York, and California. The institution is devoted to empowering individuals and businesses to achieve success through exceptional service and innovative financial solutions. Valley Bank’s corporate citizenship philosophy places significant importance on community support and growth.

For additional information about Valley Connect or Valley Bank’s offerings, interested parties can visit www.valley.com or contact their Customer Care Center at 800-522-4100.