Panax submits an additional patent application for its innovative AI-driven cash management platform

Exciting news! At Panax, we’re proud to announce another big step in our mission to transform cash management for finance teams. We recently filed another patent application for innovative technologies that simplify complex treasury tasks.

‍Our latest patent filing: Method and system for implementing a recommendation platform for financial institution policy engine.

What does this mean?

‍This patent application describes a system that helps financial teams govern how businesses distribute their funds, to ensure they comply with policies. In simple terms, it works like an AI-driven financial watchdog. The Panax platform uses AI to customize financial policies based on a business’s size, location, revenue, and industry. This makes risk management and compliance more adaptive and tailored to each company rather than using a one-size-fits-all approach. 

What value does this technology give to finance teams?

This technology allows finance teams to work more efficiently and strategically by reducing manual, time-consuming treasury operations, such as risk monitoring and compliance enforcement. The AI algorithm tailors policies to each business, reducing false alarms and allowing teams to focus on high-priority tasks. Finance professionals can streamline financial oversight, improve accuracy, and proactively mitigate potential problems.

This new patent application joins our previous two patent filings:

1^st Patent application: Method and system for automatic cashflow categorization of bank transactions

What does this mean? AI driven transaction categorization. Our AI technology automatically categorizes transactions, saving time and improving cash flow forecasts. This helps finance teams make better, faster decisions. Accurate categorization is key to providing more accurate reporting and forecasting

2^nd Patent application: Method and system for ranking data connectivity of communication channels established between a data exchange server and a plurality of remote servers 

What does this mean? Advanced data connectivity. Panax connects to over 10,000 global bank accounts, cash platforms, and ERPs, via API first, as well as traditional and innovative connectivity methodologies, giving finance teams a complete, real-time view of their cash. This eliminates data silos and improves decision-making.

Looking Ahead

These patents are just the start. At Panax, we’re committed to pushing boundaries and building technology that helps finance teams focus on growth and efficiency. By leveraging AI to improve connectivity and advanced risk assessment, we’re empowering finance teams to work smarter, not harder.

As CTO and co-founder, I’m thrilled about what we’ve accomplished and excited for what’s next. Panax isn’t just a product—it’s the future of cash management.