FISPAN, PNC Bank reach 500 client milestone with PINACLE Connect®
Providing clients with streamlined access to payments, real-time balances and reconciliation through embedded finance technology
Vancouver, July 9, 2024 – FISPAN, a fintech innovator, and PNC Bank, a leader in treasury management services and solutions, today announced an important milestone in their collaboration: 500 PNC corporate and commercial clients are utilizing embedded banking technology powered by FISPAN and offered through PNC PINACLE Connect.
For the last several years, FISPAN has been collaborating with PNC to seamlessly integrate PNC treasury services into Enterprise Resource Planning (ERP) systems, including NetSuite, Sage Intacct and Microsoft Business Central 365. The secure, API-based connection from PINACLE Connect automatically feeds robust transaction data directly into clients’ ERPs, allowing them to:
- Choose payment options, make payments, and see payment status;
- Access near real time account balances and transactions; and
- Streamline reconciliation and cash application processes.
“We’re thrilled to reach this milestone of 500 companies benefiting from our embedded finance integrations powered by FISPAN,” said Howard Forman, executive vice president and head of Digital Channels for PNC Treasury Management.
“This milestone underscores the transformative power and significant value that PINACLE Connect delivers by bringing PNC’s Treasury Management platform into the systems our clients use to run their businesses. We are committed to providing seamless integrations with core systems, including ERPs and accounting platforms, as well as adding new functionalities on a regular basis to further drive automation of manual processes.”
–Howard Forman, executive vice president and head of Digital Channels for PNC Treasury Management
FISPAN and PNC will continue to expand the functionality available through PINACLE Connect to drive additional value for clients. New features coming soon include account-to-account transfers, and bank balance and transaction functionality for clients using Sage 100 and Sage 50 ERPs, with additional enhancements coming later in 2024.
PNC Treasury Management offers a platform of innovative, end-to-end technologies and experienced teams that help clients architect and implement a cohesive cash management system for their business.
In recent years, PNC Bank has launched other embedded banking solutions for its clients through its API developer portal (developer.pnc.com) and PINACLE Connect integrations, built on the foundation of its industry-leading commercial and corporate banking platform, PINACLE.
For more information about PNC’s ERP integrations and PINACLE Connect, visit here.
About PNC Bank
PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.
About FISPAN
FISPAN is a leading fintech company that seamlessly integrates banks with their clients’ enterprise resource planning (ERP) and accounting systems. Founded in 2016, FISPAN provides innovative ERP banking solutions that eliminate the complexities and frustrations of traditional banking services. By embedding banking services directly into ERP and accounting software, FISPAN streamlines financial workflows, reduces errors, and enhances efficiency for businesses of all sizes.