Bottomline, a leading provider of financial technology that makes complex business payments simple, smart and secure, today unveiled expanded corporate treasury capabilities as part of its integrated Payments and Cash Lifecycle Platform. 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.
Read More: Curioinvest Launches Capital Dex, the Decentralized Exchange Primarily For Security Tokens
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.
The benefits of the single-platform solution include a unified view of data from multiple transaction systems, which is enhanced by advanced analytics and machine learning. CFOs and Treasurers gain the intelligence and insights they need to inform real-time decision making, along with greater visibility, security and control over mission-critical processes. As a result, financial leaders are better prepared to meet the challenges of an increasingly complex business, regulatory and risk management environment.
Read More: GlobalFintechSeries Interview with Joe Ehrhardt, CEO & Founder at Teslar Software
As part of today’s announcement of an enhanced Payments and Cash Lifecycle Platform, Bottomline also announced a business combination with TreasuryXpress, a leading provider of cloud-based treasury management solutions for corporations and banks around the world.
“Businesses need simpler and more integrated solutions that offer better control and management of cash,” said Rob Eberle, CEO, Bottomline. “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.”
Read More: Why Application-Layer Security Is The Future Of Fintech
