U.S. Bank announced it is rolling out the next generation of its treasury management platform, SinglePoint.
The platform is designed for businesses of all sizes and makes it easier for clients to manage their liquidity, cash flow and financial risk, officials said. SinglePoint is part of the bank’s suite of digital connectivity and open-banking solutions, the bank said. The new version has client-inspired enhancements that provide easier access so businesses can make decisions and complete financial tasks.
“We worked closely with clients to elevate SinglePoint into a best-in-class experience that is scalable and flexible, enabling businesses to solve their treasury management needs,” Kristy Carstensen, who leads Treasury and Payment Solutions at U.S. Bank, said. “It’s exciting to see our client satisfaction increase as clients are seeing significant reductions in the time spent completing daily tasks.”
Officials said the platform is often a daily point of entry for businesses as they manager their payables, receivables, liquidity, fraud mitigation, international banking and foreign exchange. The new version reduces manual work, delivers actionable insights, optimizes common user flows, and helps clients uncover operational blind spots, the bank said.
Features include configurable dashboards, automated processes, digital onboarding and centralized reporting functions, among other elements.
“Our clients — from small businesses to large firms operating globally — count on U.S. Bank every day to keep their operations running smoothly. We wanted their experience with SinglePoint to be as seamless and empowering as possible,” Mark Runkel, head of Payments: Merchant and Institutional with U.S. Bank, said. “This overhaul reflects our deep commitment to helping them operate more efficiently and confidently in a fast-moving world.”