Finqware, a treasury automation platform based in Romania, and Ebury, a fintech company focusing on international payments and foreign exchange services, have partnered to integrate Ebury’s multi-currency accounts and payment capabilities into Finqware’s FinqTreasury platform.

This integration enables businesses to combine Ebury account balances and transaction data with other banking relationships in one unified FinqTreasury dashboard, offering a comprehensive real-time view of liquidity across different currencies and regions. Through a dedicated API, Ebury’s transactional information can be seamlessly integrated into ERP systems such as SAP or Microsoft Dynamics, eliminating the need for manual statement uploads and data input.

Operational Benefits

FinqTreasury offers real-time cash tracking from multiple banking partners, harmonizes multi-bank data into a consistent format, and integrates payment execution with existing ERP processes. This partnership enhances FinqTreasury’s capabilities by incorporating Ebury’s payments and foreign exchange systems, allowing businesses to handle daily Ebury transactions alongside those from other banking sources without switching environments.

The collaboration aims to automate bank statement processing, reconciliation, and payment execution via the integrated system, potentially reducing manual operational tasks by up to 90%. In traditional setups, processes like data entry, statement management, and cross-platform monitoring can consume more than ten hours weekly per account.

Commenting on the partnership, Cosmin Bucur, Country Manager at Ebury, highlighted how this move expands Ebury’s scope beyond payments and foreign exchange into real-time treasury management. Cosmin Cosma, CEO and Co-founder of Finqware, emphasized that the integration provides companies with a borderless, real-time view of their financial resources from a single dashboard.