Codat and TreasurUp
Codat and TreasurUp proudly announce their formal partnership.
Both companies are committed to support banks in:
- TreasurUp offers online Commercial Banking solutions, white labeled to banks.
- Codat allows for seamless, reliable and broad integration with the most common used cloud based bookkeeping platforms globally.
About TreasurUp
TreasurUp offers white-label solutions for Commercial Banking in the areas of FX Trading and Hedging, Cross-Border Payments, Cash Visibility & Forecasting, and Trade Credit Insurance. These solutions are offered via Web and Mobile and, through the partnership with Codat, also via APIs.
About Codat
Codat’s universal API connects fintech providers & financial institutions to all the major accounting, banking, eCommerce and payments platforms their customers use with a single integration. This helps banks more quickly and efficiently launch new SMB propositions, from business dashboards to bill payment features and digital onboarding journeys.
“A new generation of controllers and treasurers are demanding automation of repetitive financial tasks and increasingly use cloud-based ERP platforms,” says Philip Low, Head of Partnerships at Codat.
“Naturally, banks want to play a significant role in the automation of financial processes of SMB companies and that is exactly what TreasurUp and Codat can offer,” says Niels van Daatselaar, Co-founder and CEO at TreasurUp. Therefore, the two companies are a perfect match.
Connecting Banks to the Cloud Accounting Ecosystem
The partnership between Codat and TreasurUp addresses a fundamental challenge in commercial banking: how to seamlessly access the financial data that corporate clients already maintain in their accounting systems. Codat’s universal API connects to all major cloud-based bookkeeping platforms globally—including Xero, QuickBooks, Sage, and dozens of others—through a single integration.
For banks deploying TreasurUp’s white-label solutions, this means instant access to invoice data, accounts payable and receivable, and cash flow information without requiring manual uploads or complex IT projects. The result is faster onboarding and richer functionality for SMB clients.
Automating the Financial Workflows Controllers Demand
A new generation of controllers and treasurers expects automation of repetitive financial tasks. As Philip Low, Head of Partnerships at Codat, noted: “A new generation of controllers and treasurers are demanding automation of repetitive financial tasks and increasingly use cloud-based ERP platforms.”
By combining TreasurUp’s FX hedging and treasury modules with Codat’s real-time ERP connectivity, banks can offer end-to-end automation, from exposure identification through hedge execution to reconciliation. This eliminates the spreadsheet-based workflows that consume hours of finance team time while introducing errors and compliance risks.
Unlocking New Revenue Streams for Banks
The Codat-TreasurUp partnership creates tangible commercial benefits for banks seeking to grow their transaction banking business. With direct access to SMB accounting data, banks can offer proactive services, such as identifying foreign currency invoices that need hedging or flagging cash flow gaps before they become critical. This shift from reactive to proactive engagement deepens client relationships and opens cross-selling opportunities across FX, payments, and lending products.
Furthermore, the partnership supports faster digital onboarding by eliminating manual document collection. Instead of requesting spreadsheets and bank statements, banks can pull verified financial data directly from the client’s accounting system, reducing onboarding time from weeks to days.
For SMBs accustomed to consumer-grade digital experiences, this streamlined process meets expectations and builds immediate trust. Banks that leverage the Codat-TreasurUp integration position themselves as innovation leaders in the competitive business banking landscape, attracting digitally-native businesses that value efficiency and automation above all else.
A Perfect Match for Transaction Banking Innovation
Banks want to play a significant role in automating the financial processes of SMB companies, and the Codat-TreasurUp partnership delivers exactly this capability. Whether launching business dashboards, bill payment features, or digital onboarding journeys, banks can now access the data they need through standardized APIs rather than custom integrations.
The partnership extends TreasurUp‘s offerings across FX Trading and Hedging, Cross-Border Payments, Cash Visibility & Forecasting, and Trade Credit Insurance—all accessible via Web, Mobile, and API channels. For Transaction Banking and Markets departments seeking to differentiate their digital proposition, this combination provides a compelling foundation for commercial banking innovation.
Please request a meeting here if your bank wants to find out what Codat and TreasurUp can do for your Transaction Banking and Markets departments.