Most banks do not have a complete and consistent ERP connectivity offer for their business clients. These clients run their finances in accounting and ERP software such as QuickBooks, Xero, NetSuite, Sage Intacct, Microsoft
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Dynamics 365 Business Central and Exact Online, and that is where they increasingly decide what to pay, what to hedge and assess how much cash they will have next month. Today most banks are absent from these journeys. The banks still hold the accounts, but less and less so the daily relationship. In addition, opportunities to serve these clients with higher value solutions are too limited.
TreasurUp, the Dutch channels solutions specialist for Daily Business Banking, and Apideck, the Belgian integration infrastructure company, announce a partnership that gives business banks an ERP-embedded strategy, ready for execution.
TreasurUp provides the bank's capabilities in, or adjacent to, the ERP system, starting with account balances, payment orchestration and reconciliation. These core capabilities can be enriched with components for FX execution, FX hedging, cash flow forecasting and liquidity management. All fully white-labelled, bank-branded.
Apideck connects the joint bank and TreasurUp capabilities to the full portfolio of accounting and ERP systems, reading and writing data across 50+ systems through one API.
How it works for the bank's client. A finance manager connects the company's accounting system to the embedded app just once. Then, as an example, approved supplier bills appear in the app as payment proposals, for review and approval. The payment status flows back into the books. Bank transactions land in the same accounting system's reconciliation screen. Foreign-currency invoices show up as an FX exposure with a hedging proposal that follows their own policy. The cash flow forecast is built from real receivables, payables and balances, with no spreadsheet upload. If the company changes ERP, it reconnects; the bank does nothing.
Who does what. The bank provides the accounts, the payment rails, FX pricing and liquidity products, and holds the client relationship. TreasurUp builds and runs the bank's ERP-embedded app, including the capability layer for higher value-added services, always fully connected to and integrated with the bank's infrastructure.
Apideck provides the ERP connectivity behind it: one API to 50+ accounting and ERP systems, embedded authentication and connection management, and a pass-through architecture that keeps no copy of the client's accounting data. Apideck does the technical build and certification work and guides the bank through each programme, where needed.
What is different. For banks, a single integration now replaces separate projects per ERP. Additional connectors are added on request. All solutions are composable and can be tailored to the scope and requirements of the bank. Most importantly, instead of banks being relegated to behind-the-scenes execution engines, we bring fully bank-branded experiences back to where the client works.
Where. North America through QuickBooks Online, Sage Intacct, NetSuite and Dynamics 365 Business Central; Europe through Exact Online, Twinfield, Yuki and Moneybird in the Benelux and Xero and Sage in the UK, alongside TreasurUp's bank footprint in the Nordics, Benelux and Germany.
Niels van Daatselaar, CEO and co-founder, TreasurUp: “Business clients decide what to execute where, at the moment they book an invoice, place an order or see a cash surplus, and that moment includes their ERP. Banks that are not present there risk losing flow or even the daily relationship. With Apideck we can provide a bank with a complete and consistent ERP-embedded offer in months, in the bank's own brand, on top of the Transaction Banking and Markets channels that they already run.”
Gertjan De Wilde, CEO and co-founder, Apideck: “Every accounting and ERP system has its own API, its own data model and its own partner programme. We take that work off the bank's plate: one integration, 50+ systems with global coverage, and the client's accounting data passes through without being stored. TreasurUp turns that connectivity into workflows a bank can put in front of its clients. Together we let a bank keep the payments, the FX and the conversation.”
Availability. The joint solution is available to banks in Europe and North America now. After the intake, the joint team proposes a rollout plan and commercial terms based on the modules chosen and the expected number of connected clients.