CFOs and corporate treasurers know the software links with banks are suboptimal. Sending funds via wire can be a hassle, account balances are often accurate only as of the previous day, and some processes still have to be done manually.
But an increase in the development of application programming interfaces (APIs) could make this part of finance operations a lot smoother.
David Miller, senior vice president and treasurer at Hunt Companies, and Bruce Edlund, group director and assistant treasurer of Cloud Software Group (formerly Citrix), explained why at the Association for Financial Professionals Conference in Philadelphia last week.
Read the full article by Vincent Ryan on CFO here.