08 Feb How to integrate bank transactions with an ERP system: The power of APIs
The Global Treasurer’s article was released on February 1, 2024
APIs are revolutionizing corporate banking by integrating banking transactions with ERP systems. This enables real-time data access, streamlined processes, and improved decision-making. Building a robust tech stack is crucial for treasurers to leverage this digital transformation effectively.
The role of APIs in integration
APIs, or Application Programming Interfaces, are programs that allow different software applications to communicate and interact with each other. They serve as the “glue” that connects disparate systems, enabling data transfer and integration.
- Real-time data transfer
- Enhanced efficiency and automation
- Improved cash flow management
- Increased accuracy and data consistency