Truist Introduces One View Connect: Streamlined Banking Innovation
Truist Introduces One View Connect
Truist Financial Corporation (NYSE: TFC) has unveiled an innovative banking solution named Truist One View Connect. This new platform is designed to empower finance teams within organizations to efficiently manage their payments and cash flow across various environments. By minimizing complexity, it opens up pathways to enhanced efficiency for users.
What makes this development especially significant is that Truist One View Connect is embedded directly within popular enterprise resource planning (ERP) platforms like NetSuite, Sage Intacct, Workday, and Microsoft Dynamics 365 Business Central, thereby providing a unified experience for teams in a familiar interface.
Enhancing Financial Agility
An extension of Truist's flagship wholesale digital platform, Truist One View, this service integrates advanced ERP connectors with Truist's secure application programming interfaces (APIs). This integration allows for centralized management, rapid rollout, and bank-grade security controls. Currently, the service is being piloted with select clients, with plans for a broader rollout in the upcoming months.
Streamlining Processes for Clients
The API-first architecture, built in collaboration with fintech leader Koxa, does not merely provide basic banking functionalities but advances into areas of in-ERP reconciliation and reporting, real-time payments, and approval processes. This development is pivotal for finance teams, as it promotes automation, enhances control, and provides instant visibility into financial operations. As a result, teams can reduce manual workload, minimize errors, and allocate more time for strategic initiatives.
What Makes Truist One View Connect Unique?
Truist One View Connect distinguishes itself by offering several key features, which include:
- Unified multi-ERP experience: Delivering a cohesive banking solution across major ERP platforms.
- Beyond bank feeds: Facilitating actionable treasury workflows, including reconciliation and approvals, directly in ERP software.
- API-first, real-time connectivity: Designed for speed and security, leveraging a robust API framework.
- Client success: Initial users report rapid onboarding, enhanced data accuracy, and significant time savings.
- Purpose-driven design: Each feature is thoughtfully crafted to empower clients in their financial tasks.
About Truist Financial Corporation
Truist Financial Corporation stands as a purpose-driven institution focused on inspiring and building better lives and communities. With its headquarters in Charlotte, North Carolina, Truist holds a strong market position across many high-growth segments in the U.S. The company offers a diverse array of financial solutions via both wholesale and consumer channels, including commercial and corporate banking, investment banking, wealth management, and specialized lending services. As a top-10 commercial bank, Truist manages total assets of $544 billion as of a recent date. To find out more about Truist, visit their official website.
Frequently Asked Questions
What is Truist One View Connect?
Truist One View Connect is an embedded banking solution that simplifies financial management for users by integrating within popular ERP platforms.
How does Truist One View Connect improve business payments?
It provides real-time payment capabilities, approvals, and enhanced treasury workflows directly integrated into ERP systems, promoting efficiency.
Who developed Truist One View Connect?
The platform was developed by Truist in partnership with fintech company Koxa, focusing on automation and embedded finance.
What benefits do current users report?
Early users have indicated faster onboarding processes, enhanced accuracy of financial data, and significant savings on time spent managing financial tasks.
Where can I learn more about Truist Financial Corporation?
More information about Truist is available on their official website, where you can explore their extensive range of financial services.
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