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Press Release

Modern Treasury Launches Professional Services to Drive Payments Transformation in the Enterprise

The company’s payments expertise plus new services offering make it the partner of choice for customers managing complex payments at scale.

San Francisco, March 28, 2024Modern Treasury, the operating system for the new era of payments, today announced the launch of its Professional Services offering to help enterprises scale modern payment infrastructure so they can innovate faster, reduce risk, and unlock new revenue.

Modern Treasury Professional Services provides expert guidance and best practices to help enterprise customers implement the Modern Treasury platform. Professional Services includes premium support for stringent or customized needs, ongoing payments infrastructure support, and custom integrations of Modern Treasury into IT systems, including banks, card processors, internal systems, and ERPs. The offering also includes a custom solutions advisory focused on payment and ledgering strategy and long-term decisions related to unlocking value from payments and reconciliation systems.

“Finance teams need modern financial infrastructure to move, track, and reconcile money in real-time, but many, especially those handling high-volume payments, face ballooning complexity,” said Dimitri Dadiomov, Modern Treasury co-founder and CEO. “We’ve built the only payments platform designed to solve the challenge of money movement at scale. Modern Treasury moves and reconciles hundreds of billions of dollars for our customers, helping them accelerate revenue while delivering a seamless experience. We are thrilled to offer this additional service for companies with the most complex needs.”

We are in a new era of payments, where money is moved and tracked in real-time, driven by FedNow, RTP, and the rise of embedded payments. These factors make money movement and reconciliation at scale increasingly difficult for companies looking to keep up with the pace of change driven by advances in software, real-time payments, and AI. In fact, Modern Treasury research shows many companies face entrenched problems around manual operations, slow reconciliation, and complexity. Companies, on average, use 6.6 systems to manage payments, which compounds complexity and drives the need for integration and unification.

“As the industry's most innovative benefit funding and payments platform, complete, continuous, and precise reconciliation is paramount. Modern Treasury has been a true thought partner, helping us leverage best practices to accelerate the launch of our new reconciliation platform,” said Dan Brames, Chief Payments Officer at Alegeus. “Automating reconciliation across our business will drive efficiency and unlock new opportunities for growth, and we look forward to our continued partnership with Modern Treasury as we work together to transform our payment systems.”

Unlocking Opportunity

Modern Treasury Professional Services helps enterprises navigate those complexities and unlock new opportunities. It supports companies seeking to transform and modernize their payments infrastructure. Professional Services also helps customers implement novel payments and reconciliation technology faster through strategic advisory, solutions architecture, and managed and custom integrations. The new offering will also augment how Modern Treasury works with consulting firms, like leading consulting firm Guidehouse.

“At Guidehouse, we have decades of collective experience collaborating with vendors to transform and modernize large, complex, and highly regulated enterprise payment operations through automation, reconciliation, and reporting,” said Jonathan Shiery, Partner at Guidehouse. “Modern Treasury’s combination of next-generation payment expertise and technology solutions are uniquely positioned to accelerate ROI on enterprise payment infrastructure investments at scale and disrupt traditional legacy competitors.”

To learn more about Modern Treasury’s Professional Services, go here.

About Modern Treasury

Modern Treasury is the operating system for the new era of payments, helping companies unlock growth, enhance customer experiences, and drive efficiency. The payment operations platform and best-in-class developer help companies move, track, and reconcile money in real-time. Founded in 2018, San Francisco-based Modern Treasury serves leading companies across broad sectors of the economy and is backed by investors Altimeter Capital, Benchmark, and Y Combinator.

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