#United States #Charlotte #Truist Financial #Koxa #One View Connect

Truist Unveils One View Connect: A New Era in Banking for Wholesale Clients

Truist Financial Corporation has recently launched its innovative platform, Truist One View Connect, designed to revolutionize banking solutions for wholesale clients. This new embedded banking system aims to streamline the management of payments and cash flow within various ecosystems, drastically simplifying processes and enhancing efficiency.

What is Truist One View Connect?

Developed in collaboration with fintech company Koxa, Truist One View Connect is a cutting-edge solution embedded natively into popular enterprise resource planning (ERP) platforms such as NetSuite, Sage Intacct, Workday, and Microsoft Dynamics 365 Business Central. This integration offers finance teams a unified experience, providing actionable treasury workflows directly within the systems they already use.

One of the most significant improvements the platform brings is the ability to conduct reconciliation and reporting within the ERP systems themselves. This new functionality allows finance teams to automate tedious processes and achieve real-time visibility and control over their financial operations.

Enhancing Financial Agility

According to Chris Ward, the Head of Enterprise Payments at Truist, One View Connect signifies a pivotal shift in how business payments are handled. The integrated nature of the platform allows finance teams to focus on strategic decision-making rather than succumbing to mundane manual tasks, thus driving smarter business outcomes. The platform's seamless access to payment processes helps reduce the likelihood of errors and streamlines financial operations significantly.

Additionally, the solution features Real-Time Payments and approval capabilities, further enhancing the potential for operational agility among clients.

Partnering for Progress

The technological foundation of Truist One View Connect is grounded in an API-first architecture. This allows for secure, fast, and scalable banking experiences, which are crucial for modern businesses navigating complex financial landscapes. By leveraging Truist's robust API infrastructure, financial teams can confidently execute transactions with greater control.

Camellia George, co-founder and CTO of Koxa, expressed excitement about the partnership, stating that they are setting new standards for embedded finance solutions that combine ease of use with real-time connectivity and intelligent automation.

Pilot Program and Client Feedback

Currently, Truist One View Connect is undergoing a pilot phase with select clients. Preliminary results have been promising, showing expedited onboarding processes, heightened data accuracy, and substantial time savings for users. These successful pilot experiences demonstrate the real-world value that One View Connect offers right from day one.

Conclusion

Truist Financial is committed to creating transformative financial services that improve lives and communities. With the launch of One View Connect, they not only aim to support businesses with superior financial tools but also strive to empower finance teams to work smarter and with increased assurance in their transactions. As Truist looks ahead to a broader rollout of this platform, it stands poised to redefine the landscape of embedded finance, setting a new benchmark for efficiency and innovation in the banking sector.

To learn more about Truist Financial and its innovative offerings, please visit Truist.com.