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A quick scan-first reference for how Waycore works, how it differs from existing treasury tools, and how control, security, and auditability are enforced in practice.

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Product & Differentiation

We are often asked, how Waycore is different from…
Traditional TMS platforms rely on staged execution. You approve a payment in the TMS, it sends a SWIFT message to your bank, and then you log into the bank separately to approve that external submission. This creates two systems and two approval surfaces.Waycore initiates payments natively inside your bank as a delegated user, the same way a human treasury operator would. Your bank’s own approval workflows apply based on the permissions you configure. There is no external submission to approve—one system, one approval surface.
Cash visibility tools are read-only. They show where your cash is and help with forecasting, but they cannot move money.Waycore combines unified visibility with native execution. You see all cash in one place and execute payments directly at your banks using plain-English commands. The full lifecycle—visibility, execution, and reconciliation—happens in one workflow.
Ramp and Brex require re-banking. Funds must move into proprietary accounts, creating concentration risk and forcing changes to existing banking relationships.Waycore works with your existing banks. Funds stay where they are. We log in as a delegated user and execute payments directly at each bank. No re-banking, no concentration risk, no disruption.

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Security & Control

Even in a worst-case compromise, funds cannot move without multiple independent controls:
  1. Approval in Waycore (role-based access, MFA)
  2. Bank-level approval, if required by your delegated user setup
  3. Native bank controls such as MFA, transaction limits, velocity checks, and fraud detection
You can revoke Waycore’s delegated user access instantly at the bank. Waycore never holds funds—we only execute instructions you explicitly approve.
You control approvals through role-based access. You can define who initiates payments, who approves them, approval thresholds by amount, multi-approver chains, and transaction limits by role. Every action is logged in an immutable audit trail.
No. Every payment requires explicit approval in Waycore. Depending on your bank configuration, additional bank-level approval may also be required. You retain control at both layers.
You create a dedicated bank user for Waycore and configure permissions based on your risk tolerance. A common setup is full execution rights for internal transfers and bank approval required for external payments. Permissions and limits can be adjusted at any time.
Waycore never holds funds. We operate as a delegated user under your bank’s native controls.

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Implementation & Integration

Days, not months. Most teams are live within a week.
No. Finance teams can implement Waycore directly without IT involvement.
We monitor bank portal changes continuously and update our automation within 24-48 hours. If a bank makes a breaking change, we:
  1. Detect it immediately (automated monitoring)
  2. Notify you (no payments will be initiated until fixed)
  3. Update our automation (typically within 24 hours)
  4. Resume operations

    You’re never left without access. You can always log into your bank directly as a fallback.
Yes. Waycore works with any bank that offers online banking. We have tested with 50+ banks, including major US banks, regional banks, credit unions, and international banks with English-language portals. Untested banks are validated during your pilot.

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Use Cases & Capabilities

Yes. Waycore supports international wires, multi-currency accounts, FX at your bank’s rates, and cross-border transfers across 50+ currencies.
Yes. Waycore is designed for recurring, rule-based workflows. You define the logic once in plain English and Waycore executes it automatically on schedule.Examples:
  • “Every Friday, sweep excess cash from property SPVs to HoldCo, capped at $250K per entity”
  • “Pay debt service from operating account, then distribute remaining cash to investors pro-rata”
  • “If operating account balance exceeds $500K, sweep excess to treasury account”
You describe the workflow in plain English once, and Waycore executes it automatically on schedule.
Yes. Waycore can parse spreadsheets, initiate large batches at once, route payments intelligently across accounts, and let you approve the entire batch in a single step.
Not out of the box. This is a roadmap item and we will prioritize if our partners ask us to.
Yes. Waycore supports zero-balance sweeps, target-balance sweeps, multi-tier pooling structures, and scheduled or on-demand execution.
No.

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Compliance & Audit

Yes. Every action is recorded in an immutable audit trail, including initiator, approver, timestamps, execution details, and bank confirmations. Trails are exportable and support SOX requirements.
We are pursuing SOC 2 Type I with a target of Q2-3 2026. Today, we operate under SOC 2-aligned controls including encryption, MFA, role-based access, immutable logs, and regular security reviews.
Yes. Waycore supports segregation of duties, configurable approval workflows, immutable audit trails, access controls, and automated reconciliation, helping demonstrate SOX 404 compliance.
Yes, securely. Credentials are encrypted at rest and in transit, stored in a dedicated vault, never visible in plaintext, and fully revocable at the bank level at any time.

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Support & Reliability

You always retain direct access to your banks. Waycore is a convenience and execution layer, not a custody layer. Funds remain at your banks and all bank security controls continue to apply. Our uptime target is 99.5%.
Pilot customers receive white-glove support, including a dedicated Slack channel, fast email response times, monthly workflow reviews, and priority fixes. Ongoing support plans are available post-pilot.
Yes. During the pilot, we configure workflows for you end to end—from definition and testing to training your team on ongoing use.