Modern Treasury, the operating system for the new era of payments, today announced the launch of its Professional Services offering to help companies scale their modern payments infrastructure so they can innovate faster, reduce risk and unlock new revenue.
Modern Treasury Professional Services provides expert advice and best practices to help enterprise customers implement the Modern Treasury platform. Professional Services include premium support for strict or customized requirements, ongoing payment infrastructure support and bespoke Modern Treasury integrations with IT systems including banks, card processors, internal systems and ERPs. The offering also includes tailored solutions advice focused on payment and accounting strategy and long-term decisions related to unlocking value from payment and reconciliation systems.
“Finance teams need modern financial infrastructure to move, track and reconcile money in real-time, but many, especially those processing high-volume payments, are facing increasing complexity,” said Dimitri Dadiomov, co-founder and CEO of Modern Treasury . “We have developed the only payments platform designed to solve the challenge of moving money at scale. Modern Treasury moves and reconciles hundreds of billions of dollars for our customers, helping them increase revenue while providing a seamless experience. We are pleased to be able to offer this additional service for companies with the most complex requirements.”
We are in a new era of payments where money moves and tracks in real time, powered by FedNow, RTP and the rise of embedded payments. These factors are making it increasingly difficult to move and reconcile money at scale for companies seeking to keep up with the pace of change brought about by advances in software, real-time payments and AI. In fact, Modern Treasury research shows that many organizations face deep-rooted issues related to manual processes, slow reconciliation and complexity. On average, companies use 6.6 systems to process payments, which increases complexity and increases the need for integration and unification.
“As the industry’s most innovative performance funding and payment platform, complete, continuous and accurate reconciliation is of the utmost importance. Modern Treasury has been a true thought partner and helped us leverage best practices to accelerate the launch of our new reconciliation platform,” said Dan Brames, Chief Payments Officer at Alegeus. “Automating reconciliation across our business will increase efficiency and create new growth opportunities, and we look forward to our continued partnership with Modern Treasury as we work together to transform our payment systems.”