PNC Bank has recently partnered with Oracle Fusion Cloud ERP to introduce secure and efficient Embedded Banking solutions.

This partnership will enable PNC’s corporate and commercial banking clients to access key banking services directly within the Oracle Cloud ERP platform, helping streamline financial operations and enhancing overall efficiency.

The new Embedded Banking feature utilizes Oracle’s Business-to-Business (B2B) capabilities to provide seamless connectivity. This integration aims to simplify business processes by reducing the need for clients to switch between different platforms to retrieve balance and transaction information, initiate payments, approve transactions, and reconcile accounts.

Details of the PNC Bank x Oracle Fusion Cloud ERP Partnership

According to the official press release, PNC remains dedicated to providing secure and improved banking solutions that integrate seamlessly into its clients’ workflows. By embedding these services within Oracle Cloud ERP, clients can manage their cash flow more effectively, allowing them to focus on running their businesses rather than managing bank connectivity and handling manual financial tasks.

This collaboration builds upon PNC’s history of integrating banking services with enterprise resource planning (ERP) and treasury management systems. The goal is to reduce the dependency on multiple systems and offer a more cohesive view of a company’s financial information, thereby enhancing productivity, reducing costs, and improving controls.

By streamlining these processes, PNC’s banking services embedded in Oracle Cloud ERP can significantly decrease the potential for human error and increase transaction speed and accuracy. This partnership is expected to provide joint customers with a more efficient way of handling financial transactions.