New York-based fintech software company IntegriDATA has announced its API integration between CashWire payments system and Workday Financial Management. This new integration will help investment managers to automatically generate wires from Workday transactions which will improve payments efficiency, transparency and security.
“Workday has become increasingly popular with our larger clients and we’re excited to offer them secure straight-through payment processing,” said Ted Haslam, Treasury Product Manager at IntegriDATA. “With the CashWire-Workday integration, Workday users can now instantly create wires and monitor payment status in real-time as wires move through the CashWire approval workflow.”
CashWire and Workday integration uses both CashWire and Workday APIs in a two-way interface. When Workday invoices will enter into payment step of the workflow, a matching wire will be created in CashWire, which will be complete with vendor payment details and invoice attachments. The invoice status will be updated as wires move through the CashWire workflow and they will automatically be closed when CashWire payments are executed.
Other CashWire features include support for delivery methods including SWIFT, SFTP, API, secure PDF, advanced security controls, real-time intraday cash balances, security transfer functionality and standing instruction, wire template and account management.