SIBOS NEWS; Bottomline’s C-Series Solution Provides Enhanced Functionality

Bottomline Technologies, the Portsmouth, N.H.-based provider of collaborative payment, invoice and document automation solutions, introduced the Bottomline C-Series, a new set of solutions providing corporate treasury and other finance executives with enhanced capabilities for liquidity and cash management.

According to Bottomline, the C-Series enables the exchange of real-time information between corporations and banks 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 C-Series was designed to be easier to install and, therefore, lower cost than traditional treasury management systems, the company claims.

The first two C-Series solutions, C-Series Wires and C-Series Cash Reporting are now available.

With C-Series Cash Reporting, organizations will be able to access intra-day and end-of-day balance and transaction information by using standards such as Microsoft Excel and SWIFT Alliance Lite; view near real-time and forecasted cash positions by combining receivables and payables data with balance and transaction reporting; and identify short-term overdraft risk in under-funded accounts and cash sitting idly on non-interest earning accounts and move funds accordingly to prevent these scenarios.

With 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; and create a single repository of payment and confirmation information to facilitate faster queries and tighter integration with back-office systems.