FinLync, the leader in revolutionary pre-built bank API connectivity transforming treasury, has been named the winner of the 2021 TMI Innovation & Excellence Award for Best Innovation Lab Solution. FinLync was recognized for the effectiveness of its solutions in seamlessly connecting ERP and Bank data, delivering real-time capabilities to corporate treasuries. This is the first time this award has been issued by Treasury Management International.
For over 30 years, Treasury Management International (TMI) has been dedicated to promoting best practices and innovations in treasury management. Since they introduced the TMI Awards for Innovation & Excellence more than a decade ago, these Awards have become firmly established as the quality benchmark for the treasury profession, formally recognizing the banks, vendors, consultants and practitioners who are defining new frontiers and driving best practices in treasury management globally.
“We are extremely honored to receive the TMI Innovation & Excellence Award for the solutions we deliver that are changing the way Treasurers can accelerate and improve their business functions,” said Phillip Ashley Klein, CEO at FinLync. “FinLync is committed to helping companies around the world have unencumbered, direct access to the data that resides in their ERPs and Banks to facilitate richer, more accurate and more timely cash visibility for on-demand decision-making.”
“Client success is at the heart of everything we do,” he added. “In what has been a challenging year for everyone in treasury and finance, helping our clients achieve more effective cash management has become more important than ever and we are glad FinLync is able to advance these critical processes for our clients to ensure more effective liquidity.”
Since its inception, FinLync has been delivering solutions that help forward-thinking treasury teams achieve greater operational efficiency and cash visibility with simple plug-and-play solutions. With FinLync’s suite of treasury apps, or by connecting to their multi-bank API aggregator, forward-thinking treasury teams can:
- Position global cash across all banks in 1 click
- Refresh bank data any time, as often as desired
- Reconcile transactions same day
- Gain total end-to-end payment traceability, instantly
- Easily slice & dice data by currency, country or other parameters
For corporates using SAP, FinLync’s suite of treasury apps embed safely and securely inside SAP, enabling total integration between all bank and ERP data. The apps simply install into the ERP – no slow implementations, no professional service fees – so corporates can be up and running in weeks.
For corporates using other ERPs or a data repository, they can connect BankLync, FinLync’s multi-bank API aggregator, to their corporate data lake, internal API gateway or other endpoint and access a stream of pre-built API connections that are fully standardized and provide real-time data across all their banks.
This direct connectivity enables real-time balance and transaction retrieval, payment status and more, all within the existing ERP or data lake. Corporate clients gain absolute certainty for crucial treasury payments, remove the barriers between them and their bank data, and eliminate blind spots and bank files thanks to plug-and-play connectivity to their banks’ APIs.
All of which allows treasury to focus on their core work – invest that big wire deposited late in the day, eliminate using bank portals, stop worrying about a payment failing after the office hours, and more.
FinLync is a privately held, global fintech company transforming the insights and functionality of corporate finance and treasury offices through its world-class products. The firm has employees from 18 different countries and offices in Singapore, Los Angeles, and New York.
Tune in to the awards ceremony with TMI’s Robin Page and Eleanor Hill here