Statement: The Cash Intelligence Platform—AI-Powered, Always-On Liquidity Management
Abstract
Historically, banks have faced challenges providing comprehensive cash position and forecasting solutions due to limited access to transaction data restricted to their own institution. To overcome this limitation, Celent suggests exploring various solution providers and partnership models tailored to the specific needs of each bank and client segment. Providers like Statement stand out for banks seeking to serve the needs of multi-banked corporate clients with leading-edge AI-enabled cash intelligence tools.
Statement is an AI-powered financial platform that connects and enriches multi-bank and ERP data to enable applications including global liquidity reporting, real-time cash-flow forecasting, automated A/R reconciliation, and payments. Statement began its journey by re-imagining corporate-to-bank connectivity with a flexible approach that allows them to connect to any bank or ERP using APIs, SFTP, or screen-scraping. They also built a generic model that can make sense of raw transaction and accounting data, making it available both within Statement and through the customer’s corporate ERP. Since then, the solution has transformed into a cash intelligence platform and integration hub, enabling a single, cohesive view of a corporate client’s financial health in real-time.