Over the past few years, FinTech providers have been developing innovative cloud-based solutions that can help solve many of the ongoing challenges experienced by treasury professionals.

FinTech APIs are designed to address common treasury pain points such as slow software implementation times, challenging integrations, and repetitive manual tasks. So why has it taken so long for APIs to come to treasury?  Perhaps there are still many unknowns to both practitioners and TMS providers, but what you don't know could actually be preventing you from taking full advantage of the cost-savings inherent in cloud technology.

APIs Address Many Treasury Automation Obstacles

At TreasuryXpress, a common challenge for clients is trying to reduce the amount of time spent on administrative tasks. Due to the complexity of the data and disparate systems, there are points where manual processes are involved. But it often can be difficult to automate these processes using legacy tools, requiring extensive development and IT integration work.