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What is Modern Treasury?

Modern Treasury provides a comprehensive payment operations platform that includes flexible APIs designed to make the integration of financial transactions and monitoring into your services much easier and less laborious. Money movement is a multifaceted process that involves more than just transferring funds; our APIs facilitate extensive financial transfers, covering bank connections, payments, and reconciliation, while our web application offers thorough visibility of fund flows, equipped with approval workflows, alerts, and in-depth reporting features. By connecting directly with your bank and avoiding being a middleman in the funds flow, we ensure that payments are processed at double the speed. Users can implement approval processes and track payments from their inception right through to reconciliation, with access to ACH, RTP, Wire, and international payment options all available via a single API and web interface. Furthermore, we support automatic reconciliation of completed payments with your bank's statement transactions as they occur, aligning returns and reversals with their respective payments, which significantly boosts the efficiency of cash reconciliation. This streamlined integration not only simplifies the payment processing landscape but also allows businesses to concentrate on expanding their operations while we manage the intricacies of payment transactions. By taking care of these complexities, we enable our clients to allocate more resources toward strategic initiatives and growth opportunities.

What is Acclaim?

Acclaim stands out as a state-of-the-art financial operations platform that harnesses the power of artificial intelligence specifically designed for the insurance industry, with the goal of optimizing and automating the entire payment lifecycle, treasury operations, and reconciliation within a unified framework. This advanced solution enables insurers to manage complex financial tasks effectively, such as claims payments, commission allocations, and premium collections, through smart automation that adeptly handles transactions across various providers and global payment networks. By seamlessly integrating with existing insurance systems via APIs, webhooks, and batch processing, Acclaim facilitates smooth data exchange and ensures compatibility with internal financial systems while preserving the robustness of current infrastructures. Additionally, the platform provides real-time visibility into cash flow, liquidity, and transaction statuses, while its AI-powered reconciliation engine automatically matches transactions, resolves discrepancies, and offers critical insights through detailed dashboards and analytical tools. Moreover, this functionality allows insurers to make well-informed financial choices with certainty, significantly boosting operational effectiveness and minimizing manual efforts. With its comprehensive approach, Acclaim not only simplifies financial operations but also positions insurers to adapt to changing market demands with agility.

Media

Media

Integrations Supported

NetSuite
Plaid
QuickBooks Online
TeamOhana

Integrations Supported

NetSuite
Plaid
QuickBooks Online
TeamOhana

API Availability

Has API

API Availability

Has API

Pricing Information

$499 per month
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Modern Treasury

Company Location

United States

Company Website

www.moderntreasury.com

Company Facts

Organization Name

Acclaim

Date Founded

2022

Company Location

United States

Company Website

www.acclaim.ai/

Categories and Features

Categories and Features

Customer Experience

Action Management
Analytics
Customer Segmentation
Dashboard
Feedback Management
Knowledge Management
Multi-Channel Collection
Sentiment Analysis
Survey Management
Text Analysis
Trend Analysis

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