Programmable Treasury - The tool every corporate should consider

Treasury has always been one of the most important corporate functions, and also one of the most underestimated.

Every day, treasury teams manage liquidity, control risk, fund operations, pay suppliers, compensate sales networks, reconcile cash positions, and ensure the company can meet obligations on time. Yet the tools used to do this often remain anchored to an old logic: batch payments, delayed settlement, manual approvals, and fragmented visibility across banks, countries, and entities.

In a world where business operates in real time, treasury is expected to behave in real time too.

This is where Programmable Treasury changes the rules.

Programmable Treasury is not simply “automation”. It is the ability to define rules for money movement, and then let money execute those rules continuously, transparently, and safely. It is treasury designed for modern corporate operations: dynamic, always-on, and measurable.

Ephelia is one of the key infrastructure players enabling this shift, because it combines regulated financial rails with streamable digital money, the es-Currencies.

Why treasury needs a new model

Traditional treasury is built around “events”:

• A payroll run once a month

• A commission payment at the end of the quarter

• A supplier payment after invoice approval

• A daily cash sweep between accounts

• A reconciliation process that happens after money has moved

This creates friction, both operational and financial:

• Delays increase risk and reduce flexibility

• Working capital becomes harder to optimize

• Teams spend time reconciling, instead of steering

• Payment flows do not reflect how value is actually created

Many corporates are becoming more “continuous” in how they work:

• Sales networks generate revenue daily

• Claims are processed continuously

• Distribution channels create micro-transactions at scale

• Customer service refunds happen in real time

• Partnerships require on-demand settlement and revenue sharing

Yet money movement often remains static.

Programmable Treasury solves this mismatch by turning treasury into a system that can operate on rules, triggers, and streams, not just periodic manual processes.

What “Programmable Corporate Treasury” really means

A programmable treasury can do things like:

• Pay or settle per second, per hour, per transaction, or per outcome

• Automatically split funds between multiple parties based on predefined rules

• Pause and resume flows instantly based on compliance, performance, or contract terms

• Build real-time liquidity management with conditional sweeps and limits

• Reduce reconciliation overhead by making flows traceable and structured

This is not theoretical. It becomes practical when corporates have access to regulated infrastructure that supports programmable money.

That is exactly where Ephelia fits.

Ephelia’s role in programmable treasury

Ephelia provides regulated infrastructure that allows corporates to operate treasury with higher speed, transparency, and control.

At a high level, Ephelia enables:

• Regulated banking rails, including accounts and payment capabilities

• es-Currencies, regulated, fiat-backed e-money tokens that move on-chain

• Streaming payments, where value can flow continuously rather than in batches

• Integration capabilities, allowing corporates to embed these flows into ERP, treasury, payroll, and partner platforms

The combination matters because it changes what corporates can do with treasury.

Traditional payment rails move money in discrete instructions.

Ephelia’s model allows corporates to move value as a flow, under rules and compliance guardrails.

Why es-Currencies are the treasury layer corporates have been missing

es-Currencies are designed to behave like regulated digital cash, but with modern capabilities:

1. Instant settlement: Treasury teams can settle instantly between entities or partners, reducing timing risk and improving liquidity planning.

2. Real-time visibility: On-chain settlement provides continuous traceability, which supports faster reconciliation and clearer cash positions.

3. Programmability: You can build payment rules that reflect actual operational reality, not just “end of month”.

4. Streaming feature: This is the most powerful element for treasury.

Streaming turns payments into controlled, continuous flows.

Instead of paying a distributor once per month, the corporate can stream commissions daily or even per sale.

Instead of funding a branch with a weekly transfer, the corporate can stream working capital as needed.

This improves liquidity efficiency, reduces disputes, and aligns incentives.

Real-world use case: a distribution group with agents, branches, and third parties

Let’s take a distribution group, for example in insurance or retail financial services.

These businesses often have:

• Thousands of agents or brokers

• Regional branches with operational budgets

• Third-party partners (marketing vendors, lead providers, service companies)

• Customer payouts (refunds, claims, cashbacks, benefits)

• Complex commission and incentive models

And they face recurring treasury challenges:

• Commissions calculated monthly can create disputes and churn

• Cash sits idle to ensure coverage for expected payouts

• Reconciliation takes time because flows are fragmented

• Third parties want faster settlement, but corporate controls must remain strict

How Programmable Treasury with Ephelia works in practice

Step 1: Treasury defines rules, not manual workflows

The corporate defines commission logic as rules:

• Product type

• Sales volume thresholds

• Quality indicators (cancellation rate, customer satisfaction)

• Compliance checks (KYC, license status, location restrictions)

Step 2: The system streams value based on performance

Instead of waiting for month-end, commissions are streamed:

• A baseline commission stream starts as soon as a sale is confirmed

• A bonus stream activates if targets are met

• A clawback rule can pause streams if policies are cancelled early

• Streams can be capped in real time to control cash exposure

Step 3: Branch funding becomes dynamic

Branches receive working capital in a controlled way:

• A “minimum operating buffer” is maintained

• Additional funds are streamed when thresholds are reached

• Non-compliant spending categories trigger alerts and funding pauses

• Treasury sees all flows in near real time

Step 4: Third-party payments become immediate and measurable

For example, a lead-generation partner is paid:

• Per qualified lead, not per invoice

• With a defined tolerance window for fraud review

• With payments split automatically across multiple service providers

Step 5: Customer payouts improve customer experience

When a refund or insurance claim is approved:

• Payment can be issued instantly to the customer

• In some models, it can be partially streamed (e.g., immediate partial payout plus continued coverage or installment-like flows)

What changes for the business

• Agents feel paid fairly and faster, improving retention

• Branch managers have predictable but controlled liquidity

• Third-party vendors get paid on performance, improving trust

• Treasury reduces idle cash and improves working capital efficiency

• Reconciliation becomes easier because flows are structured and traceable

In short, treasury becomes a strategic enabler, not a bottleneck.

Use case: insurance operations and claims with continuous settlement

Insurance is a perfect example of why programmable treasury matters.

Insurance companies manage:

• Premium inflows

• Claims outflows

• Agent commissions

• Reinsurance payments

Service provider payments (repair shops, medical networks, assessors)

Claims can be unpredictable, and delays damage customer trust.

With Ephelia and es-Currencies:

• Claims can be paid instantly once approved

• Settlement to service providers can be automated (e.g., pay a repair network when work is confirmed)

• Fraud controls can pause or throttle payout flows automatically

• Commission streams can be aligned with policy duration (helping reduce early cancellations)

This creates a better balance between customer experience and risk control.

Where corporates see the biggest benefits

Programmable Treasury tends to deliver the strongest value in corporates that have:

• High transaction volume

• Large sales or distribution networks

• Complex revenue-sharing or commission structures

• Frequent payouts to customers or third parties

• Cross-border operations with multiple currencies

• Tight cash management needs

Examples:

• Insurance groups with agents and brokers

• Distribution groups with franchises or branches

• Utilities and subscription businesses with usage-based billing

• Marketplaces and platforms with multi-party settlement

• Corporate groups that require treasury control across subsidiaries

A practical way to start: “pilot the flow”

Programmable Treasury does not require a full transformation on day one.

A corporate can start with one controlled pilot, for example:

• Streaming commissions for one product line

• Real-time customer refunds

• Automated payout splitting between partners

• Branch funding automation in one region

This is often enough to prove value quickly, because results show up in:

• Faster settlement cycles

• Lower dispute volume

• Improved liquidity utilization

• Reduced treasury manual workload

• Better partner relationships

The future of treasury is not only digital, it is programmable

Corporate treasury is entering a new era.

Money will not just be transferred, it will be managed as an intelligent flow.

Settlements will not be delayed, they will be continuous.

Payments will not be “sent”, they will be executed as part of how the business operates.

Ephelia is one of the infrastructure players enabling this shift by combining regulated rails with es-Currencies and their streaming feature, creating a compliant foundation for programmable treasury at scale.

For corporates looking to increase control, reduce friction, and unlock new efficiency, Programmable Treasury is no longer a concept. It is a tool that should be on the roadmap now.