PNC Bank has integrated its PINACLE Connect embedded banking platform with Oracle Fusion Cloud Enterprise Resource Planning (ERP), enabling clients to access treasury services directly within Oracle Cloud ERP. This integration helps streamline financial operations, enhance efficiency, and reduce the need for manual processes. PNC Treasury Management offers a platform of innovative technologies and experienced teams to help clients optimize their cash management system.
PNC Bank has announced a strategic integration of its award-winning PINACLE Connect embedded banking platform with Oracle Fusion Cloud Enterprise Resource Planning (ERP). This integration enables PNC's corporate and commercial banking clients to access treasury services directly within Oracle Cloud ERP, significantly streamlining financial operations and enhancing overall efficiency.
The new embedded banking experience leverages Oracle's B2B offering for turnkey connectivity, allowing clients to manage balances, transactions, payments, and account reconciliation without navigating between multiple platforms. This automation reduces manual processes, saving valuable time and increasing productivity [1].
"We are committed to delivering innovative, secure, and efficient solutions within PNC's Treasury Management platform that integrate seamlessly into our clients' workflows," said Howard Forman, executive vice president and head of PNC's Commercial Digital Channels. "By embedding our services within Oracle Cloud ERP, our clients can more effectively manage their cash position and spend more time running their businesses, while spending less time establishing bank connectivity and handling manual financial tasks" [1].
Oracle Cloud ERP offers a comprehensive set of enterprise finance and operations capabilities, including financials, an accounting hub, procurement, project management, enterprise performance management, risk management, subscription management, and supply chain and manufacturing. The integration strengthens Oracle's competitive position and enhances customer stickiness through embedded banking capabilities [2].
This integration represents a strategic enhancement to Oracle's enterprise offering. By embedding banking services directly within their platform, Oracle addresses a critical pain point for corporate finance teams who typically waste significant time toggling between systems. The integration leverages Oracle's B2B offering to provide turnkey connectivity, demonstrating the company's commitment to creating a comprehensive ecosystem rather than just a standalone ERP product [2].
PNC Treasury Management offers a platform of innovative technologies and experienced teams to help clients architect and implement a cohesive cash management system for their business. For more information about PNC Treasury Management and PINACLE Connect®, visit [https://www.pnc.com/treasury](https://www.pnc.com/treasury) [1].
References:
[1] https://www.prnewswire.com/news-releases/pnc-bank-announces-integration-with-oracle-fusion-cloud-erp-for-embedded-banking-302515792.html
[2] https://www.stocktitan.net/news/ORCL/pnc-bank-announces-integration-with-oracle-fusion-cloud-erp-for-elx9haoady7b.html
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