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Bottomline (NASDAQ: EPAY), a U.S.-based fintech that makes complex business payments simple, smart and secure, announced on Monday it has expanded corporate treasury capabilities as part of its integrated Payments and Cash Lifecycle Platform.
According to Bottomline, the platform empowers financial managers to optimize cash, liquidity and working capital with a unified solution combining payables, receivables, and treasury management, delivering greater visibility and control throughout the end-to-end cash lifecycle.
“The integrated solution enables seamless management of a corporate’s banking, payments and cash management activities, reducing the complexity and inefficiencies associated with multiple systems, separate processes and fragmented data. Bottomline’s Payments and Cash Lifecycle Platform includes tools to initiate and manage payments, automate payables and receivables, conduct sophisticated cash flow forecasting and scenario planning, optimize liquidity and investment returns, and manage borrowing needs and banking relationships.”
While sharing more details about the expansion, Rob Eberle, CEO of Bottomline, stated:
“At the core of our innovation agenda, we are transforming payments and cash management processes to streamline and simplify the end-to-end cash lifecycle for businesses of all sizes, from SMBs to enterprises. An integrated payables, receivables and treasury management solution is an important innovation, for both corporates and the banks that serve them. Our combination with TreasuryXpress enables us to extend from our leading business payments capabilities to offer a uniquely comprehensive solution across the entire cash management lifecycle.”
Bottomline claims it makes complex business payments simple, smart, and secure. Corporations and banks rely on Bottomline for domestic and international payments, efficient cash management, automated workflows for payment processing and bill review, and state of the art fraud detection, behavioral analytics and regulatory compliance solutions. The company also claims thousands of corporations around the world benefit from Bottomline solutions.
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