Newgen Software, a worldwide supplier of an AI-driven digital transformation platform, announced its recognition as a Representative Vendor in the Gartner Market Guide for Commercial Banking Cash Management, written by Mary Yan and Derek Frost.

Gartner states, “It has become crucial for banks to modernize cash management in order to enhance the intelligence of commercial clients' working capital management.”

The report highlights that Providers are enhancing their platform-oriented strategies (integrated technology, workflows, data analytics, and product features) instead of standalone, menu-based options. It also addresses how providers are incorporating smart data applications and generative AI (GenAI) features into cash management, particularly for automating transaction processing and managing risk.

Gartner defines commercial banking cash management as “a cohesive set of digital tools, platforms, and services provided by banks to assist corporate clients in effectively managing their cash flows, liquidity, and working capital across various accounts, entities, and regions.”

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The report outlines several essential features for cash management solution providers, such as integration with core banking systems, assistance for various cash management product lines, and automated compliance monitoring and reporting.

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Newgen acknowledges that its premier low-code platform for connected banking, NewgenONE, was highlighted in the Market Guide for helping financial institutions transform cash, payments, liquidity, and collections within a unified ecosystem.

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"We view this acknowledgement as a significant affirmation of our initiatives to assist banks in redefining cash management. NewgenONE allows financial institutions to overcome legacy constraints by utilizing AI and automation for immediate insights, providing secure, compliant, and seamless experiences for their corporate clients,” states Runki Goswami, CMO at Newgen Software.