Press Release - 8th November 2010
Raymond James Financial Selects Bottomline to Enhance Cash Reporting Capabilities
C-Series™ Solution to Provide Increased Visibility into Cash
PORTSMOUTH, NH – Nov. 8, 2010 – Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced that Raymond James Financial, a leader in the financial services industry, has augmented their Bottomline WebSeries® Balance and Transaction Reporting solution with Bottomline’s C-Series™ Cash Reporting for increased visibility into cash.
“With WebSeries’ balance and transaction reporting capabilities we’ll have real-time access to accurate, consolidated financial information across global bank accounts,” said Elizabeth Eriksen, assistant vice president at Raymond James Financial. “The addition of C-Series Cash Reporting will help us integrate bank information with accounts payable and accounts receivable data to achieve a complete view into cash across our bank accounts and other data sources. It will also provide the enhanced flexibility and control we need to ensure this information is actionable.”
Bottomline’s C-Series solution provides finance departments with the visibility and control needed to effectively manage corporate cash. A spreadsheet-based reporting and cash management solution, C-Series provides robust functionality for automating the collection and consolidation of global bank balances, and payables and receivables information. C-Series provides access to the global banking community through connectivity to SWIFT and support for multiple file formats, including BAI. C-Series’ seamless integration with existing back-office systems enables customers to quickly implement and take advantage of enhanced reporting, manipulation and distribution capabilities.
“Obtaining an accurate view of corporate cash is vital to the heath of any organization, allowing companies to reduce cost and risk, make better investment decisions, optimize working capital and increase profitability,” said Chip Martin, Bottomline’s vice president of enterprise payments. “We are excited to partner with Raymond James to help them achieve these strategic goals.”
Bottomline’s portfolio of award-winning solutions for payments, invoicing, global cash management, supply chain finance and transactional document automation have been deployed throughout the financial services industry by leading banks, insurers and financial institutions. Bottomline was recently recognised by American Banker, Bank Technology News and the research firm, IDC Financial Insights to 2010’s FinTech 100, an annual ranking of the top technology providers serving the global banking and financial services community.
Editorial Note: Bottomline will be exhibiting in booth 1038 at AFP, Nov. 7-10 in San Antonio, Texas. For more information or to arrange an on-site meeting, please contact Andrea Eaton at aeaton@bottomline.com.
About Raymond James Financial
Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd., have more than 5,300 financial advisors serving approximately 1.9 million accounts in 2,300 locations throughout the United States, Canada and overseas. In addition, total client assets are approximately $249 billion, of which $30 billion are managed by the firm’s asset management subsidiaries.
Media Contacts:
US: Alana Burns
603-501-6601
aburns@bottomline.com
UK: Nadine Ter Meulen
0118-982-2342
ntermeulen@bottomline.com
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