Newgen Software, a global provider of an AI-first digital transformation platform, announced that it has been recognized as a Representative Vendor in the Gartner Market Guide for Commercial Banking Cash Management, authored by Mary Yan and Derek Frost.

According to Gartner, “Modernizing cash management has become essential for banks to bring greater intelligence to commercial clients’ working capital management.” The report emphasizes how Providers are increasing their platform-based approaches (integrated technology, workflows, data analytics and product features), rather than isolated, a la carte offerings. It also discusses how providers are adding intelligent data applications and generative AI (GenAI) capabilities to cash management, especially for transaction processing automation and risk control.

Commercial banking cash management is defined by Gartner as “an integrated suite of digital tools, platforms, and services offered by banks to help corporate clients efficiently manage their cash flows, liquidity, and working capital across multiple accounts, entities, and geographies.”

The report lists several mandatory features for the providers of cash management solution, including compatibility with core banking systems, support for multiple cash management product lines and automated compliance tracking and reporting.

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Newgen perceives that its flagship low-code platform for connected banking, NewgenONE, was recognized in the Market Guide for enabling financial institutions to modernize cash, payments, liquidity, and collections in one integrated ecosystem.

“We see this recognition as a strong validation of our efforts to help banks reimagine cash management. With NewgenONE, financial institutions can move beyond legacy limitations, harness AI and automation for real-time insights, and deliver secure, compliant, and seamless experiences to their corporate clients,” said Runki Goswami, CMO at Newgen Software.