The company also joined the Workday Software Partner programme.
This alliance will see the payments fintech integrating with Workday Financial Management and supporting it with more than 100 pre-installed bank application programming interface (API) connections to banks worldwide.
For Workday Financial Management clients, this is expected to support real-time payments by addressing common treasury issues with complete payment tracking capability, easy connectivity, and instant cash visibility.
Workday Ventures managing director and head Mark Peek said: “We’re excited to have made a strategic investment in FinLync as we continue to identify new ways to deliver the best possible experience to our customers.
“Together, FinLync and Workday will deliver advancements that support real-time working capital and cost-savings, thereby reducing the time and effort for Workday Financial Management customers to integrate with banks.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Last month, ex-Microsoft treasurer Tahreem Kampton became a member of FinLync’s Advisory Board.
FinLync co-founder and CTO Peter Klein said: “Core to this partnership is the shared belief that corporates who move to a model of real-time working capital across their payments, cash and treasury functions will be the market winners, and those who do not will be left behind.”
With the collaboration, the company also aims to lower its information technology (IT) works and time required to connect treasurers to Deutsche Bank APIs.