Palm provides an AI-driven treasury management system that integrates data from banks and existing treasury management systems to generate real-time cash forecasts and funding recommendations. This platform enhances cash visibility and decision-making efficiency for enterprise teams by automating cash flow analysis and reporting.
Funding
$8.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TGFounders
Product
Problem
Enterprise treasury teams often struggle with fragmented data sources, manual processes, and limited visibility into real-time cash positions, hindering effective cash flow forecasting and strategic decision-making. Traditional methods rely heavily on spreadsheets and disparate systems, leading to inefficiencies and increased risk of errors.
Solution
Palm provides an AI-powered treasury management system that consolidates data from various sources, including banks, spreadsheets, and existing treasury management systems (TMS), into a unified platform. By leveraging API connectivity and machine learning, Palm generates accurate, real-time cash forecasts and proactive funding recommendations. The platform automates cash flow analysis, variance analysis, and reporting, enabling treasury teams to make data-driven decisions and optimize cash positioning. Palm's AI toolbox uses a logic-based approach to transaction categorization, improving accuracy over time and reducing the need for manual intervention.
Target Audience
Palm is designed for enterprise treasury teams seeking to automate cash management processes, improve forecasting accuracy, and gain real-time visibility into cash positions.
Features
- API connectivity to connect with multinational corporate banks and existing TMS.
- Automated 13-week rolling cash forecast with proactive weekly variance analysis.
- AI-powered transaction categorization engine that learns and improves over time.
- Machine-generated cash management recommendations for optimal cash positioning.
- Customizable dashboards for exec-ready reports and strategic insights.
- Spreadsheet integration for leveraging existing data and processes.
- Real-time updates on cash positions and activity.