Press Release - 5th October 2009
Bottomline Enhances WebSeries® Global Cash Management Platform
with Advanced Functionality for Cash Reporting
Capabilities for Standardized Messaging Allow Banks to Exchange Account Information Directly
with Corporate Clients and Other Financial Institutions
PORTSMOUTH, N.H. and SAN FRANCISCO – October 5, 2009 - Bottomline Technologies (NASDAQ: EPAY) a leading provider of collaborative payment, invoice and document automation solutions, today at the 2009 AFP Annual Conference announced new functionality for its WebSeries Global Cash Management platform, enabling banks to leverage industry standard messages for faster, more efficient cash reporting.
Through these new cash reporting capabilities, banks can send account statements and advices to corporate clients and correspondent banks. As the demand for real-time reporting among corporates and financial institutions continues to increase, WebSeries’ new functionality, which includes Nostro reporting, allows bank admin users to quickly and easily configure clients to receive statements and advices as needs and business requirements evolve.
“By leveraging industry standard messages, banks can quickly overcome many of the difficulties associated with efficient cash reporting. These new reporting capabilities are another example of Bottomline’s continuing commitment to helping banking customers support the needs of corporate clients through innovative features and functionality,” said Eric Campbell, Chief Technology Officer of Bottomline Technologies.
To get to market quickly with high-volume domestic and international payments capabilities, banks and financial institutions around the world rely on Bottomline’s award-winning WebSeries Global Cash Management platform. A single platform for managing payments and providing real-time cash management reporting, WebSeries delivers the security, reliability and rich functionality necessary to deliver the products and user experience required to strengthen customer relationships and develop new markets.
Editorial Note: Bottomline will be exhibiting in booth 1833 at the AFP Annual Conference, October 4-7, 2009 in San Francisco. To arrange an on-site meeting, please contact Billy Balfour at 603-501-5219.
Calculate the Environmental Savings
To help raise awareness of the environmental benefits achieved by transitioning from paper to electronic processing, Bottomline has posted a green savings calculator on its Web site at: www.bottomline.com/cash_management_goes_green/
Contact
Billy Balfour
Bottomline Technologies
bbalfour@bottomline.com
603-501-5219
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