Bottomline to boost digital transformation for Anglian Water
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Bottomline today announced that Anglian Water has selected the former’s Payments and Cash Management solution for automating and streamlining processes around the world. Anglian Water aims to boost the digital transformation strategy for its treasury department. It is also expected to improve efficiencies, gain cash visibility and reduce costs.
“Real-time cash reporting and visibility is essential for us,” said Jane Pilcher, Group Treasurer, AWG Group Limited. “Achieving this across disparate internal systems and multiple e-banking platforms can be a challenge for many treasury teams in large corporates. Often the lack of connectivity between these systems results in time-consuming data extraction and compilation from several sources.”
Bottomline’s Payments and Cash Management solution is a centralised, standardised and secure SaaS platform. The solution processes any payment type, and monitors transactions, bank balances, and cash and liquidity information in real-time. Using aggregated data from numerous gateways, automated flows and tightly managed controls, CFOs, Treasurers and Head of Payments personnel across the globe have better visibility of their cash position and can better manage their multi-bank relationships.
“To pay and get paid is one of the most important functions in any business,” said Nigel Savory, Managing Director, Europe, Bottomline. “Our technology gives our customers real-time visibility of their global cash position, helping them save time, money and effort. We’re delighted that Anglian Water chose Bottomline as a partner in their treasury transformation journey.”
Recently, FinTech Bottomline announced the launch of the cloud-based Confirmation of Payee (CoP) service for UK banks.
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