Statement Joins U.S. Bank Connected Partnership Network to Bring Real-Time, AI-Driven Cash Intelligence to Corporate Clients

Revolutionizing treasury operations through cutting-edge artificial intelligence and real-time financial insights for smarter, faster decision-making

NEW YORK, Feb. 4, 2025 /PRNewswire/ - Statement,  the leading AI-powered cash intelligence platform, is proud to announce its partnership with U.S. Bank, joining their Connected Partnership Network (CPN). This collaboration introduces U.S. Bank's corporate clients to Statement's innovative cash intelligence solutions, revolutionizing how treasury teams gain real-time cash visibility and develop reliable cashflow forecasts.

By leveraging advanced AI and machine learning, Statement transforms traditional treasury processes, equipping finance teams with:

• Bank Connectivity and Data enrichment: Aggregates data from banks, ERPs, and payment service providers (PSPs) into a unified view, and uses AI to recognize, categorize and enrich transaction data, delivering accurate insights and saving valuable time.
• Global Cash Visibility: Provides a unified view of cash positions across accounts, entities, currencies and banks. Delivered in an intuitive format, these insights enhance liquidity management and support decision making.
• AI-Driven Cash Flow Forecasting: Offers unlimited 13- and 52-week forecasts powered by custom AI/ML models, dynamically updated with automated transaction and ERP data inputs. Built-in flexibility allows for adjustments as scenarios evolve, enabling strategic planning and mitigating financial risks.
• Automated Accounts Receivable Reconciliation: Employs advanced AI/ML algorithms to match received payments to open invoices in the ERP, reducing reconciliation time by up to 75%. Predictive match scores eliminate guesswork, allowing teams to concentrate on high-value outstanding collections and improve cash flow management.

Corporate treasury teams face growing challenges in managing global cash operations, forecasting liquidity needs, and driving strategic decisions. At least a third of corporate treasury teams are still manually consolidating cash positions in Excel - a process prone to errors and reporting delays. These inefficiencies underscore the growing demand for advanced, AI- driven tools that provide treasurers with real-time and accurate reporting, and strategic decision-making capabilities—essential for managing the complexities of modern businesses with multiple bank accounts, legal entities, and currencies.

"Our mission is to equip finance teams with smarter tools, and AI is at the core of everything we do," said Idan Vlodinger, CEO and Co-Founder at Statement, "U.S. Bank is a trusted leader in financial services, and this partnership reflects our shared commitment to helping organizations drive efficiencies in their treasury operations, achieve greater control over their financial growth and meet their critical cash needs in the moments that matter."

"The Corporate treasury teams of our clients consistently highlight cash forecasting and data clarity as one of their most pressing challenges," said Alberto Casas, head of product for U.S. Bank Global Treasury Management. "By welcoming Statement to our Connected Partnership Network we are providing our clients with seamless access to innovative AI-centric solutions that transform how they manage cash, forecast with confidence and drive financial agility."

The U.S. Bank Connected Partnership Network is an award-winning online marketplace of fintech and other third-party payment and treasury solutions that are fully integrated with U.S. Bank systems. The Network helps corporate treasury teams easily identify and integrate technology already connected with the bank.

About Statement

Statement.io is a cutting-edge AI-powered cash intelligence platform transforming financial operations for global businesses. Seamlessly connecting with banks, ERPs, PSPs, and other financial systems, and leveraging advanced AI and machine learning, the platform enriches financial data, automates workflows, and provides real-time visibility into cash positions, dynamic cash flow forecasting, and transaction categorization—all without the need for IT resources. With AI at its core, Statement delivers actionable insights, identifies anomalies, and empowers companies to optimize working capital, improve liquidity performance, and streamline treasury operations. Statement.io is backed by leading investors, including Glilot Capital Partners, Citi, Mensch Capital Partners, and Titan Capital.

SOURCE Statement.io