This collaboration marks „a key milestone in Finqware’s continued expansion across Central and
Eastern Europe, reinforcing its position as a trusted provider of enterprise treasury management
software and cash management automation solutions” – according to the press release.
KÉSZ Group, one of Hungary’s most innovative and diversified technology-controlled companies active across the full construction value chain, and Finqware, a leading European fintech specializing in financial management automation, announce a strategic partnership to implement FinqTreasury, „an advanced cloud-based treasury management system designed to centralize and streamline financial operations across complex multi-entity corporate environments”.
“KÉSZ Group has always been open to innovative solutions that make the organization’s operations more efficient. Together with our financial partners, we continuously explore opportunities for cooperation in this area, and in recent years we have identified several development needs where we have taken a leading role in the domestic market. We first came into contact with the Finqware team through our Romanian subsidiary, and based on the successful experience, we later extended the cooperation to the Group’s entire banking system.
KÉSZ Group works with more than 15 domestic and international banking partners, which typically operate on different systems, and has over 70 subsidiaries. Within this complex structure, we see significant potential in Finqware’s solution to effectively support cash management. In the medium term, our goal is to explore further development opportunities within this cooperation.” said Dávid Baláspiri, Head of Corporate Finance at KÉSZ Group.
The FinqTreasury platform functions as a comprehensive cash management platform, providing real-time visibility into cash positions and consolidating banking data from multiple institutions and subsidiaries into a single, streamlined interface. „Built on secure open banking APIs, the modern treasury management software eliminates fragmented banking workflows and empowers real-time cash management.” – the company said.
„For a corporate group operating with more than 15 banking partners and over 70 subsidiaries, this level of integrated cash management is critical. FinqTreasury delivers sophisticated reporting, multi-entity oversight, and enhanced control capabilities specifically tailored to large organizations with complex multi-bank structures. By replacing manual processes with automation, the platform supports operational efficiency, improved financial governance, and faster strategic decision-making.”
„In the first phase of the implementation, KÉSZ Group will primarily use the platform to centralize and optimize cash management across its banking ecosystem. In subsequent stages, the Group intends to expand the use of FinqTreasury by leveraging Finqware’s API connectivity to integrate financial data directly with its accounting systems, enabling automated reconciliation and further streamlining financial workflows. Looking ahead, KÉSZ Group also plans to adopt FinqTreasury’s payments hub to manage supplier, salary, and tax payments from a single platform.” – the company explained.
“We are excited to support KÉSZ Group in advancing its financial operations with FinqTreasury. The complexity of cash management for an organization with numerous subsidiaries and banking partners demands a treasury management platform that offers real-time visibility, operational efficiency, and robust automation. Through this partnership, we are proud to help KÉSZ Group drive financial digitalization at scale and unlock new levels of strategic financial control,” said Cosmin Cosma, co-founder & CEO Finqware.
Both companies share a commitment to innovation and operational excellence. With more than
40 years of engineering and construction leadership across Europe, KÉSZ Group continues to
embrace digital transformation as a cornerstone of its long-term strategy.
„Finqware remains at the forefront of fintech innovation, delivering advanced treasury management systems that enable large organizations to modernize financial infrastructure and optimize cash management for the digital era.” – the company concluded.
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Many more interesting quotes in the video below:
