XRT-CERG and PeopleSoft to Provide Streamlined Banking and Treasury Management Solution
XRT-CERG announced a three-year, original equipment manufacturer (OEM) integration agreement with enterprise resource planning (ERP) software provider PeopleSoft. XRT-CERG has integrated its electronic banking solution with PeopleSoft’s treasury management module to provide customers with a multi-bank connection on a single platform. XRT-CERG and PeopleSoft have implemented the first version of the joint solution at Chicago-based CNA Financial Corporation, one of the largest insurance groups in the United States. The joint solution went live at CNA in April of this year. The PeopleSoft treasury module provides companies cash, risk and deal management capabilities as part of a full ERP software solution. The XRT-CERG electronic banking solution will facilitate both inbound and outbound communication between a company’s PeopleSoft treasury module and its banking partners. The electronic banking solution combines an electronic communication application, including security, with a data processing application for integrating inbound and outbound bank services into the corporation’s treasury software.