Enables the exchange of real-time information between corporations and banking partners internationally
Bottomline Technologies, a provider of collaborative payment, invoice and document automation solutions, has launched Bottomline C-Series, a new set of solutions that provides corporate treasury and other finance executives with new feature capabilities for liquidity and cash management.
Reportedly, Bottomline C-Series enables the exchange of real-time information between corporations and banking partners internationally, integrating with SWIFT Alliance Lite, for direct, secure and low-cost access to the SWIFT network, as well as with enterprise resource planning systems.
The company has said that with the features of the C-Series Cash Reporting, organizations can: leverage industry standards such as Microsoft Excel and SWIFT Alliance Lite to provide global access to intra-day and end-of-day balance and transaction information in a familiar and easy to use manner; view near real-time and forecasted cash positions by combining receivables and payables data with balance and transaction reporting; easily identify short-term overdraft risk in under-funded accounts and cash sitting on non-interest earning accounts and move funds accordingly to prevent these scenarios; and reduce the risk of errors and fraud, by enforcing secure and controlled access to cash forecasting activities, mitigating the operational risk of insecure spreadsheet usage.
Additionally with the features of the C-Series Wires, organizations can: eliminate the need to maintain multiple bank workstations and formats for domestic and international real-time settlement transactions; enable secure payment approval requirements at multiple levels based on individual user business requirements, with flexible limits and entitlements; and create a single repository of payment and confirmation information to facilitate faster queries and tighter integration with back-office systems.
Rob Eberle, president and CEO of Bottomline Technologies, said: “Our new C-Series solution draws upon our unique domain expertise as SWIFT’s technology partner in the creation of SWIFT Alliance Lite and provides additional reach across the enterprise for extended control and visibility of current and future cash flows.”
Elie Lasker, head of the corporate market at SWIFT, said: “We are delighted to see Bottomline launch a new product which will allow corporates to capture the value of SWIFT. We believe this approach will help to accelerate adoption of SWIFT for corporates, bringing them the value of streamlined multi-bank connectivity and improved straight through processing.”