Digitalization of financial infrastructure: Agricover Credit chooses Finqware to automate their treasury management

Agricover Credit IFN SA, part of one of the most important agribusiness groups in Romania, has selected FinqTreasury – a treasury management system developed by Finqware – to automate its treasury operations and optimize financial management processes.

„Through this implementation, Agricover Credit IFN accelerates the digitalization of its financial infrastructure, benefiting from direct bank connectivity and multi-bank integration, with full real- time visibility over cash flows. FinqTreasury enables the centralization of financial data within a multi-entity environment and supports automated bank reconciliation in a complex operational context.” – according to the press release.

FinqTreasury is a cloud-based treasury management software built on open banking technology, providing secure bank connectivity, automatic bank statement import, and automated bank account reconciliation. The platform automates bank statement reconciliation, payment reconciliation, and accounts receivable reconciliation, significantly reducing manual effort and operational risks associated with traditional financial processes.

„By leveraging this open banking-based treasury management software, Agricover gains a unified, real-time view of cash management, enhanced control over banking flows, and increased operational efficiency in reconciliation processes.” – the company said.

“For an organization with high transaction volumes and multiple banking relationships, real-time cash management and treasury automation are essential. FinqTreasury provides us with a modern system for bank reconciliation, payment reconciliation, and financial control, supporting the scalability of our operations,” said Denisa Manoliu, Deputy CEO & Chief Financial Officer, Agricover Credit IFN.

„The collaboration between Agricover Credit and Finqware reflects the growing trend among large Romanian companies to adopt treasury management software built on bank integration and open banking technology as a foundation for operational efficiency, financial transparency, and more informed decision-making.” – according to Finqware.

„A major benefit of implementing FinqTreasury is the ability to leverage real-time banking data to optimize collection processes, with end-to-end visibility over banking flows, automated bank account reconciliation, and improved payment and receivables reconciliation processes.” – the company explained.

“Agricover Credit is an example of a company making strategic investments in financial infrastructure. FinqTreasury was designed as a best-in-class treasury management system for organizations that treat treasury as a strategic pillar and require treasury automation within a complex financial ecosystem,” said Cosmin Cosma, Co-founder and CEO of Finqware.

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Agricover Credit IFN is one of the leading non-bank financial institutions specialized in agricultural financing. The institution serves farmers nationwide and provides financing products specifically designed for farm-related needs, facilitating access to capital for operational requirements, investments, and sustainability initiatives. Part of the Agricover Group, with over 25 years of experience in developing integrated solutions to support farmers, Agricover contributes to technological progress and the stability of modern Romanian agriculture, serving more than 10,000 farmers.

Finqware is a Romanian fintech company authorized as a pan-European payment institution and a member of the Romanian Fintech Association, specializing in financial automation and bank integration solutions powered by Open Banking technology. Through its solutions – including FinqTreasury and FinqLink – Finqware supports the financial digitalization processes of companies such as FAN Courier, MedLife, Signal Iduna, One United Properties, Rompetrol, Electrica SA, Autonom, and many others. At the same time, Finqware’s platform is used by banks such as Banca Transilvania, CEC Bank, and Salt Bank to deliver next-generation payment services powered by Open Banking technology.