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Through these new cash reporting capabilities, banks can send account statements and advices to corporate clients and correspondent banks. As the demand for real-time reporting among corporates and financial institutions continues to increase, WebSeries' new functionality, which includes Nostro reporting, allows bank admin users to quickly and configure clients to receive statements and advices as needs and business requirements evolve.
"By leveraging industry standard messages, banks can quickly overcome many of the difficulties associated with efficient cash reporting. These new reporting capabilities are another example of Bottomline's continuing commitment to helping banking customers support the needs of corporate clients through innovative features and functionality," said Eric Campbell, Chief Technology Officer of Bottomline Technologies.
To get to market quickly with high-volume domestic and international payments capabilities, banks and financial institutions around the world rely on Bottomline's WebSeries Global Cash Management platform. A single platform for managing payments and providing real-time cash management reporting, WebSeries delivers the security, reliability and rich functionality necessary to deliver the products and user experience required to strengthen customer relationships and develop new markets.
To help raise awareness of the environmental benefits achieved by transitioning from paper to electronic processing, Bottomline has posted a green savings calculator on its Web site at: www.bottomline.com/cash_management_goes_green/.
Bottomline Technologies provides collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks around the world.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
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