Koxa Enhances Digital Banking with ERP Integration for Q2
Koxa Enhances Digital Banking with ERP Integration
Koxa Corp., a frontrunner in ERP-banking solutions, has introduced its Treasury Gateway platform, which is now operational with Q2 Direct ERP. This innovative solution is specifically designed to assist banks and credit unions in facilitating seamless banking operations directly within the ERP systems of commercial customers. With this advancement, Koxa empowers Q2 customers to swiftly incorporate digital banking connectivity into prominent ERP and accounting systems, thereby delivering an improved treasury banking experience for commercial clients.
Streamlining Treasury Management
The Treasury Gateway from Koxa enables treasury clients to handle various tasks—submitting, approving, and releasing payments—while collecting vital data for reconciliations right from their ERP environment. This streamlining effectively saves valuable hours for commercial accounting teams, minimizing risks associated with fraud and human error while boosting cash flow.
Empowering Banking Clients
Camellia George, Koxa's Co-Founder and CTO, expressed, "Our integrated solution with Q2 will significantly reduce the time banks spend delivering the ERP-banking solutions their clients demand. Koxa and Q2 are driven by a shared commitment to enhancing digital banking experiences for both banks and their customers." This partnership highlights the alignment between Koxa and Q2's vision for innovation.
Addressing Increasing Demand
Adam Blue, CTO of Q2, noted, "The demand for ERP connectivity is on the rise. We are excited to team up with Koxa to provide exceptional treasury management solutions to our commercial banking clients." This collaborative effort aims to meet the evolving needs of the financial sector.
Rapid Deployment through Integration
Koxa's Treasury Gateway is pragmatically pre-integrated with Q2 Innovation Studio. This integration facilitates financial institutions in quickly deploying standardized solutions to their customers, enhancing their operational efficiency.
About Koxa
Koxa's Treasury Gateway platform is a game changer, bridging the gap between banks and their corporate treasury clients. It enables users to conduct banking transactions directly within their ERP frameworks. By partnering with banks, Koxa extends the capabilities of their online treasury portals into users' ERP or accounting software. Clients can submit, approve, and release payments, track payment statuses, automatically reconcile settled payments, and retrieve payout statements and reporting data—all without leaving their ERP environment.
About Q2 Holdings
Q2 is recognized as a significant provider of digital transformation solutions in the financial services sector. The company serves a range of clients, including banks, credit unions, alternative finance entities, and fintechs across the globe. By equipping financial institutions and fintech clients with comprehensive, data-driven digital engagement solutions, Q2 enhances the experiences of consumers, small businesses, and corporate customers alike. Headquartered in Austin, Texas, Q2 operates globally and is publicly traded on the NYSE under the ticker QTWO.
Frequently Asked Questions
What does Koxa's Treasury Gateway platform offer?
Koxa's Treasury Gateway integrates banking functions into ERP systems, allowing users to execute payments and generate reports without leaving their ERP environment.
How does Koxa's partnership with Q2 benefit clients?
This partnership streamlines the banking processes for commercial clients, enabling them to implement ERP connectivity much faster and with less effort.
What are the core functionalities of the Treasury Gateway?
Core functions include payment submission, approval, release, status tracking, and seamless reconciliation of transactions all from within the ERP.
Where is Koxa based?
Koxa is headquartered in a location that emphasizes its dedication to innovation in financial technology, although it has partnerships and clientele worldwide.
What industries does Q2 serve?
Q2 provides digital transformation solutions primarily for the financial services industry, including banks, credit unions, and fintechs both domestically and internationally.
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