FAN Courier, the leading courier company in Romania, is undergoing international expansion, along with the extension of its network of banking partners to support its activity in each of the new markets.

In recent years, the number of banks and bank accounts used by the company has grown significantly, as have the daily transaction volumes.

With multiple bank accounts across various countries, the company needed a robust solution to unify and optimize treasury management at the group level.

The complexity of managing multiple bank statements and the increasing volume of daily payments to suppliers made it difficult to maintain a consolidated view of the financial status at the group level. This highlighted the need for a unified and efficient solution.

A Treasury Management System built for speed and efficiency

FAN Courier chose FinqTreasury, a platform that leverages open banking technology to provide integrated and efficient management of all banking operations and information. FinqTreasury enables direct and secure connectivity to banking data, facilitating real-time access to financial information and consolidating it from different banks and countries simultaneously.

Additionally, FinqTreasury offers advanced functionalities such as automated bank reconciliations and payment planning and execution. With the help of FinqTreasury, FAN Courier obtained a real-time consolidated view of its financial status, as well as a tool to streamline its treasury operations.

FinqTreasury is a Software as a Service (SaaS) platform that can be used immediately after account access is granted. Without requiring complex technical integration, it also allowed FAN Courier to interface with its internal systems, automating and optimizing the generation and processing of payment orders.