Bottomline Rolls Out C-SeriesSolution Set for Corporate Treasury

Bottomline Technologies, a provider of collaborative payment, invoice and document automation solutions, at Sibos 2009 announced the global launch of Bottomline C-Series, a new set of solutions providing corporate treasury and other finance executives with cost effective and feature-rich capabilities for liquidity and cash management.

Bottomline said C-Series enables the exchange of real-time information between corporations and banking partners 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. Easier to install and considerably lower in cost than traditional treasury management systems, the Bottomline C-Series solution set is ideally suited for organizations seeking a more cost effective approach to domestic and international bank transactions and greater independence from over-committed IT resources.

"When an organization's financial supply chain is dispersed across multiple banks and geographies, strategic tasks such as cash forecasting become increasingly difficult," said Rob Eberle, President and CEO of Bottomline Technologies. "Our exciting new C-Series solution draws upon our unique domain expertise as SWIFT's technology partner in the creation of SWIFT Alliance Lite and provides additional reach across the enterprise for extended control and visibility of current and future cash flows. With Bottomline C-Series, we've leveraged our strategic relationship with SWIFT to bring to market a highly flexible solution set that addresses key corporate treasury needs for optimizing working capital, so that a wider range of corporations can benefit from these tools in a multi-bank environment."

"We are delighted to see Bottomline launch a new product which will allow corporates to capture the value of SWIFT," said Elie Lasker, Head of the Corporate Market at SWIFT. "We believe this approach will help to accelerate adoption of SWIFT for corporates, bringing them the value of streamlined multi-bank connectivity and improved straight through processing."

The first two C-Series solutions, C-Series Wires and C-Series Cash Reporting are now available, the company noted in a release.

Bottomline Technologies provides collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks around the world.

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