- Integration allows seamless banking operations within ERP systems.
- Partnership addresses increasing demand for ERP connectivity.
- Pre-integrated solution enhances treasury management efficiency.
Q2 Holdings, Inc. (QTWO, Financial) has formed a strategic partnership with Koxa Corp. to integrate Koxa's Treasury Gateway platform with Q2 Direct ERP. This integration empowers commercial banking clients to manage banking operations directly within their ERP systems, significantly enhancing operational efficiency and reducing fraud risks.
The joint solution is pre-integrated via the Q2 Innovation Studio, allowing financial institutions to rapidly deploy it, thereby streamlining treasury management for banks and credit unions. The collaboration addresses the growing demand for ERP connectivity within the digital banking sector, providing a comprehensive treasury management experience for commercial clients.
Adam Blue, CTO of Q2, emphasized the strategic timing of the partnership, highlighting the rapidly increasing demand for ERP connectivity in the commercial banking segment. This integration supports commercial accounting teams by giving them back valuable hours in their workday while simultaneously reducing the potential for fraud and human error, thus optimizing financial operations and cash flow management.
With this development, Q2 Holdings strengthens its position in the treasury management market, enhancing its value proposition for commercial banking clients. The integration is expected to attract new banking clients while bolstering retention among existing customers, offering a compelling value through its operational, risk-reduction, and financial optimization benefits.
