22nd Century Technologies, based in the United States and specializing in digital transformation and enterprise technology solutions, recently unveiled Payment Gateway. This treasury optimization platform is engineered to consolidate payment operations within an ERP environment, allowing treasury teams to capitalize on existing account balances through interest earnings and cost reductions.
Built leveraging native Oracle technologies, the platform can be extended across other ERP systems. It harnesses multi-agent AI with multiple large language models, facilitating deployment in as little as 45 days with minimal operational disruption. Payment Gateway caters to both commercial entities and government agencies.
Capabilities and Treasury Architecture
Payment Gateway aims to shift treasury operations from bank-centric hubs into the organization’s ERP system, integrating accounts payable, receivable, payroll, investments, debt, lines of credit, and third-party payments under a unified interface. This provides comprehensive visibility from payment initiation to reconciliation.
Key features include real-time cash positioning, fraud detection, duplicate payment identification, OFAC compliance enforcement, multi-bank connectivity, support for multiple entities, and AI-driven treasury analytics. These tools offer daily optimization suggestions via policy-driven, explainable AI, with built-in human oversight and governance.
Moreover, the platform addresses common issues in large treasury operations, such as fragmented payment workflows, disjointed banking relationships, and limited visibility into overall cash positions.
Anil Sharma, CEO of 22nd Century Technologies, highlighted that Payment Gateway unites control, transparency, and financial performance, enabling organizations to manage payments more intelligently while unlocking new financial value from treasury operations. Dinesh Kumar, President of the company’s ERP Practice, emphasized that these tools empower finance and treasury teams to generate interest earnings and savings that can be passed on to shareholders and public-sector stakeholders.
