Regions Bank Announces Latest Innovation to Help Companies Streamline Cash Flow

Rhea-AI Summary

Regions Bank has announced Regions Embedded ERP Finance, a new Treasury Management solution powered by Koxa that enables businesses to seamlessly connect their financial data with enterprise resource planning (ERP) systems. The solution eliminates manual data entry by providing real-time access to financial accounts within clients' ERP platforms.

The service offers automated reports for transactions and balances, enhanced internal controls for fraud prevention, and full auditability features. Initially compatible with Workday, Oracle NetSuite, Microsoft Dynamics 365 Business Central, and Sage Intacct, the platform will expand to include more ERP systems over time.

Future enhancements will include capabilities for initiating ACH and wire payments, expense reimbursement, and payroll management directly from Regions Bank accounts within the accounting software. This innovation follows other recent Treasury Management solutions including Regions CashFlowIQ, Visa Commercial Pay Mobile, and BillerXChange.

Positive

• Introduction of automated financial data integration reducing manual workload
• Enhanced security features with full transaction auditability
• Compatibility with major ERP platforms
• Treasury Management division experiencing record growth
• Planned expansion of payment capabilities (ACH, wire transfers, payroll)

Negative

• initial ERP platform compatibility
• Key payment features still under development and not currently available

Insights

Treasury Management Technology Analyst

The launch of Regions Embedded ERP Finance represents a strategic move that significantly strengthens the bank's competitive position in the treasury management space. By integrating with major ERP platforms like Workday, Oracle NetSuite, and Microsoft Dynamics 365, Regions is positioning itself at the forefront of the API-banking revolution.

The timing is particularly strategic as treasury management has become a important revenue driver for banks, offering stable fee-based income and deeper client relationships. Regions' treasury division's record growth indicates strong market demand for such solutions, and this ERP integration could accelerate that momentum by addressing a critical pain point in corporate financial operations.

The automation of financial data synchronization delivers three key competitive advantages: First, it significantly reduces operational risks associated with manual data entry errors. Second, it enables real-time financial visibility, enhancing companies' ability to optimize working capital. Third, it strengthens fraud prevention through enhanced audit trails and permission controls.

This development, combined with Regions' recent launches of CashFlowIQ and Visa Commercial Pay Mobile, demonstrates a comprehensive digital transformation strategy. The bank is clearly positioning itself as a technology-forward institution, which is important for attracting and retaining corporate clients who increasingly demand sophisticated digital banking solutions.

The partnership with Koxa and the planned expansion to include payment initiation capabilities suggests a long-term commitment to API-banking innovation. This positions Regions favorably against larger national banks, particularly in serving mid-market companies that require sophisticated treasury solutions but may not receive priority attention from major financial institutions.

How this new solution from Regions, powered by Koxa, helps businesses keep better track of their funds.

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Bank on Thursday announced its latest offering designed to help Treasury Management clients better manage cash flow, optimize liquidity, reduce risks and more clearly anticipate business needs.

Regions Bank is announcing Regions Embedded ERP Finance, the latest offering designed to help Treasury Management clients better manage cash flow, optimize liquidity, reduce risks and more clearly anticipate business needs. (Photo: Business Wire)

The name of the solution is Regions Embedded ERP Finance. The result is Regions’ clients now have the option of using this tool, powered by Koxa, to seamlessly connect financial data to their own enterprise resource planning (ERP) systems.

What does this mean?

Currently, business clients manually enter or upload financial data from their Regions accounts into their own ERP systems that they use to manage money, track sales, oversee inventory, manage customer relationships and more.

What’s getting easier?

Now, with Regions Embedded ERP Finance, clients can immediately access and review financial accounts and data in real-time within their own ERP platforms. This means no manual uploading and, as a result, quicker access to solid business-management data. By being able to better leverage accurate, real-time information, the service can help companies improve cash flow, determine appropriate amounts of liquidity and create data-driven forecasts for future financial management.

Here’s how it works:

• First, there’s greater accuracy and efficiency. Clients can now create fully automated reports, like transactions and balances, from bank accounts for reconciliation. For future enhancements, Regions is currently developing an additional capability designed to enable clients to initiate ACH and wire payments for vendors, reimburse expenses, manage payroll, and more – all from their Regions Bank account without leaving their accounting software.
• There’s also full auditability. Clients can easily manage account permissions and enhance their internal controls to help mitigate fraud risk. This solution can track the user, IP address and time stamp when each payment is submitted and approved, helping ensure the accuracy of each transaction.

“Technology continues to enhance the speed at which businesses operate, and this is another way Regions’ solutions can help companies spend less time on day-to-day financial tasks and more time focused on growing their business,” said Bryan Ford, head of Regions Treasury Management. “Our Treasury Management division has experienced record growth, and we believe that’s the result of a positive client experience and consistent innovation. This is an exciting next step in the evolution of open banking, and we are proud to work with Koxa to make it available to clients. We look forward to launching additional functionality over time as we consistently work to connect clients with more advancements in technology.”

Currently, Regions Embedded ERP Finance will connect with the following systems:

• Workday
• Oracle NetSuite
• Microsoft Dynamics 365 Business Central
• Sage Intacct

Additional ERP platforms and capabilities are expected to be added over time.

“Regions’ ERP-banking solution enables the bank’s clients to better leverage the capabilities of their existing ERP systems. Regions is constantly improving the client experience and investing in its treasury platform, making them a perfect fit for Koxa,” said Koxa Co-Founder and Chief Technology Officer Camellia George. “Over the next several years, we expect API-based ERP-banking to be the dominant banking channel for treasury teams. Regions now delivers this next-generation experience.”

Regions Embedded ERP Finance is just the latest in a series of new Treasury Management products and services from the bank. Regions CashFlowIQ^SM, powered by BILL, provides advanced accounts payable and accounts receivable capabilities to help businesses securely pay bills, invoice customers, and receive payments faster.

Additionally, Regions has launched other key Treasury Management solutions that include:

• Visa Commercial Pay Mobile, which allows clients to make quick, easy and secure payments from the convenience of a digital wallet. Regions was the first financial institution to launch Visa Commercial Pay Mobile. It joined Visa Commercial Pay Travel, which Regions launched in 2022, to help clients facilitate on-the-go business travel payments from a centralized travel-management vendor.
• BillerXChange, which allows clients, ranging from health care and professional services sectors to real estate, manufacturing, distribution, wholesale industries and more, to manage the entire lifecycle of accounts receivables from a single integrated platform.
• Clients can also send real-time payments through the RTP^® network from The Clearing House. The real-time payments service is part of Regions’ iTreasury platform, which offers a wide range of competitive financial management options for businesses.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $157 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.

About Koxa

Koxa’s Treasury Gateway platform connects banks to their corporate treasury clients, letting clients bank directly from inside their ERP. Koxa partners with banks to extend the functionality of a bank's online treasury portal directly into the user's ERP or accounting software. With Koxa, corporate accounting teams can (i) submit, approve, and release payments, (ii) track payment status and auto-reconcile settled payments, and (iii) pull statement and other reporting data without having to leave their ERP. Visit www.koxa.io for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250213909498/en/

Media Contact:

Jennifer Elmore

Regions News Online: regions.doingmoretoday.com

Regions Bank

Regions Media Line: (205) 264-4551

Source: Regions Financial Corporation

FAQ

What is Regions Embedded ERP Finance and how does it benefit businesses?

Regions Embedded ERP Finance is a Treasury Management solution that automatically connects financial data to clients' ERP systems, eliminating manual data entry and providing real-time access to financial information, helping businesses improve cash flow management and create data-driven forecasts.

Which ERP systems are currently compatible with Regions Embedded ERP Finance?

The solution is currently compatible with Workday, Oracle NetSuite, Microsoft Dynamics 365 Business Central, and Sage Intacct, with plans to add more platforms in the future.

What security features does Regions Embedded ERP Finance offer?

The solution includes full auditability features, account permissions management, and enhanced internal controls. It tracks user activity, IP addresses, and time stamps for all payment submissions and approvals to help mitigate fraud risk.

What future payment capabilities are planned for Regions Embedded ERP Finance?

Future enhancements will include the ability to initiate ACH and wire payments, manage payroll, and process expense reimbursements directly from Regions Bank accounts within the accounting software.