Cloudsquare and ACHWorks formed a strategic partnership to provide lenders with a more unified and controlled approach to payments and collections. This collaboration brings together Cloudsquare’s end-to-end lending platform and ACHWorks, an ACH payment processor and risk management platform, bringing payment execution and risk management into the core of the lending workflow.
Together, Cloudsquare and ACHWorks are addressing a common operational challenge across the lending industry: payment management (including returns, retries, status tracking and reconciliation) often remains fragmented across multiple systems or manual operations. This fragmentation creates delays, operational overhead and unnecessary risk.
“Payment servicing shouldn’t sit outside the core lending workflow,” Jeffrey Morgenstein, CEO of Cloudsquare, said. “Lenders deserve a better way to manage payment changes, maintain visibility and keep operations moving. By working with ACHWorks, we’re making that possible within the systems lenders already rely on.”
This collaboration allows lenders to move toward a more consistent, predictable and system-driven operating model. Through this integrated approach, lenders can:
- Automate ACH payments and recurring collections within existing workflows
- Monitor payment activity, including statuses and returns, in a centralized view
- Reduce manual reconciliation and back-office workload
- Support growing transaction volumes with structured, reliable payment operations
“We’re helping create a new way of managing payments and collections for lenders,” Ryan McCurry, president of ACHWorks, said. “This partnership with Cloudsquare gives lenders greater transparency, efficiency and control. Cloudsquare has built a strong platform and operating model, and ACHWorks brings advanced solutions that help make it even more effective.”
