PNC embeds commercial finance platform in Oracle Fusion ERP
PNC embeds commercial finance platform in Oracle Fusion ERP

PNC embeds commercial finance platform in Oracle Fusion ERP

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PNC embeds commercial finance platform in Oracle Fusion ERP

PNC Bank has integrated its Pinacle Connect treasury management platform with Oracle Fusion Cloud ERP. The integration is available to PNC corporate and commercial banking clients via the Oracle B2B marketplace in the technology provider’s cloud-based ERP, PNC said in the announcement. The platform, launched by PNC Treasury Management in 2021, is designed to ease payment, reconciliation and balance retrieval functions and automate financial management processes. It joins embedded offerings from HSBC, JPMorgan and Mastercard in the ERP marketplace, which Oracle rolled out in 2022. The Fusion ERP suite currently has more than 10,000 customers, according to Oracle.

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Dive Brief:

PNC Bank integrated its Pinacle Connect treasury management platform with Oracle Fusion Cloud ERP. The integration is available to PNC corporate and commercial banking clients via the Oracle B2B marketplace in the technology provider’s cloud-based ERP, PNC said in the announcement.

The platform, launched by PNC Treasury Management in 2021, is designed to ease payment, reconciliation and balance retrieval functions and automate financial management processes, PNC said. The integration joins embedded offerings from HSBC, JPMorgan and Mastercard in the ERP marketplace, which Oracle rolled out in 2022.

“By embedding our services within Oracle Cloud ERP, our clients can more effectively manage their cash position and spend more time running their businesses, while spending less time establishing bank connectivity and handling manual financial tasks,” Howard Forman, EVP and head of PNC’s Commercial Digital Channels, said in the release.

Dive Insight:

ERP systems sit at the heart of the enterprise, circulating critical financial and operational data across an organization’s core business functions. Cloud adoption helped expand ERP capabilities and efforts to wrest value from generative AI tools have now intensified the focus on enterprise data.

Oracle’s growing cloud ambitions are built on integrating data systems and activating AI. The company is investing billions to expand its cloud capacity and forging key alliances throughout the enterprise technology ecosystem, including a recent pact with OpenAI to massively expand AI compute capacity.

In the last two years, Oracle inked deals that have put its database servers inside AWS, Microsoft and Google cloud facilities.

“Our database is now moving very rapidly to the cloud because … the database has all these AI capabilities, but also, quite frankly, now people can get it in whatever cloud they want,” Oracle CTO Larry Ellison said last month during the company’s Q4 2025 earnings call.

PNC is the latest financial institution to tighten its link to Oracle’s software business. JPMorgan was on board for the launch of B2B three years ago, tying its banking, travel card and expense services into Oracle Fusion ERP. The firm added its trade and working capital finance platforms to the package last year.

Oracle further extended its reach into finance earlier this year through a multiyear cloud modernization pact with Lloyds Banking Group. The deal includes Oracle database deployments in Microsoft Azure data centers.

“Few sectors are evolving as rapidly as the financial services industry when it comes to cloud adoption,” Richard Smith, EVP and general manager, EMEA Cloud Infrastructure at Oracle, said in the announcement.

As AI adoption moved into the agentic automation stage earlier this year, Oracle installed an AI production suite in its cloud ERP. The company brought additional agent customization tools on line in April as a separately priced Oracle Fusion offering.

The Fusion ERP suite currently has more than 10,000 customers, according to Oracle.

Source: Ciodive.com | View original article

Source: https://www.ciodive.com/news/pnc-oracle-banking-fusion-erp-integration/756233/

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