RFP News

Published on Nov 08, 2010

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.”**

Source: Business Wire

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