Tietoevry was named a Leader in the IDC MarketScape: Worldwide Cash Management System 2024 Vendor Assessment

Sathish Padmanathan, Head of Payments and Cash Management at Tietoevry Banking said, “We believe the findings of this report highlight Tietoevry Banking’s commitment to providing banks with solutions that enhance real-time cash visibility, optimize liquidity management, and support seamless integration with financial ecosystems. We’re pleased to be recognized for our deep expertise in transaction banking, pooled operations, and regulatory compliance. By working closely with our customers, we ensure the evolving needs of their businesses are met. We remain dedicated to helping financial institutions navigate an evolving landscape with secure, efficient, and future-ready cash management solutions.”

The report noted, “Tietoevry solution (AiO) "which covers cash management services and virtual account management provides a wide range of services that enable banks to offer corporate clients enhanced real-time visibility of their cash and liquidity management positions. The solution is enriched with notifications, alerts, and dashboards. Given its long experience in supporting pooling operations in the Nordics, Tietoevry has specialized in creating efficiency in cash management solutions. It offers various pooling methods and balance netting capabilities, along with a well-structured VAM capability to further enhance liquidity management and ease reconciliation. AiO offers extensive virtual account services, including cross-border and cross-currency VAM, and virtual reference accounts (VRA), where multiple VRAs can be linked to a single virtual account, smoothing reconciliation.” Tietoevry Banking’s Cash Management Solutions provide a strong foundation for banks to create and deliver tailored financial services for their corporate customers. With advanced virtual account management, banks can offer centralized cash control, enhanced cash flow visibility, and seamless reconciliation. Virtual accounts enable businesses to categorize and track payments efficiently, automate payment validation, and streamline receivables and payables management.

Additionally, Tietoevry Banking’s API-driven architecture supports Banking-as-a-Service (BaaS) and Embedded Finance, enabling banks to integrate financial services directly into corporate ERP systems, marketplaces, and fintech platforms. Through secure and flexible API connectivity, banks can offer real-time transaction management, automated reconciliation, and seamless data exchange, allowing businesses to optimize cash flow and financial operations with minimal friction.

Maria Adele Di Comite, Research Director financial insights from IDC added, “Tietoevry Banking’s All-in-One (AiO) cash management platform supports banks in delivering advanced services, including virtual account management, automated reconciliation, and AI-powered cash forecasting. Their cloud-native architecture with API-driven connectivity ensures seamless integration to our clients’ payments, treasury, and ERP systems.”

About Tietoevry Banking: Tietoevry creates purposeful technology that reinvents the world for good. We are a leading technology company with a strong Nordic heritage and global capabilities. Based on our core values of openness, trust and diversity, we work with our customers to develop digital futures where businesses, societies, and humanity thrive. Our 24 000 experts globally specialize in cloud, data, and software, serving thousands of enterprise and public-sector customers in more than 90 countries. Tietoevry’s annual turnover is approximately EUR 3 billion and the company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. 

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About IDC MarketScape:

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.