APIs provide a crucial opportunity for CFOs and treasurers seeking innovation and cost savings. While many CFOs primarily associate finance APIs with accelerated bank connectivity, it's important to recognize that bank connections represent only the beginning of the possibilities.
Date published
September 5, 2023
Company
Kyriba
APIs offer a lifeline for CFOs and treasurers who are looking for both innovation and cost improvements. Although many CFOs think of APIs for finance as an expedited pathway for bank connectivity, bank connections are just the tip of the iceberg.
APIs open integration to a variety of systems, including capabilities that vastly improve cash forecasting, liquidity management and payments. APIs offer an information and processing gateway to realizing digital transformation.
Unlike FTP, APIs do not require files to be sent or downloaded. Data is exchanged point to point between systems immediately, allowing for instant data transmission and eliminating substantial risk. They enable the development and use of faster, pre-built connectors to reduce implementation times and facilitate real-time payments and security.
In this whitepaper, we’ll explore:
• What APIs are and how they work for finance
• The different types of APIs that are available
• How APIs can revolutionize ERP connectivity, cash management, liquidity management, payments and more.
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