Bottomline Technologies, a provider of collaborative payment, invoice and document automation solutions, announced that Raymond James Financial, a specialist 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.”**
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Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.
The adoption of IFRS for Canadian companies is in full swing. As of January 1, 2010, Canadian companies are required to file financial statements under IFRS. Although Canadian GAAP and IFRS are similar, there are three main differences that have posed a challenge for companies: effectiveness testing, hedge accounting eligibility, and fair value measurement. While not an exhaustive list, these issues have posed the greatest challenge for Canadian corporations during the first quarter of 2010. The following paper clarifies some of the differences in hedge accounting between Canadian GAAP and IFRS and shares best practices for hedge accounting to help Canadian corporations navigate through the transition.
With this Spring 2010 Edition of the Phone System Comparison Chart quickly see differences between brands like Avaya, Mitel, Cisco, ShoreTel, 8x8, Panasonic, etc and compare over 94 phone systems by 52 brands for small to big business.