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Bottomline Recognized As Top 100 Global Financial Technology Provider

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Bottomline Technologies, a leading provider of cloud-based payment, invoice and banking solutions, recently announced that the company has been recognized by American Banker, Bank Technology News and IDC Financial Insights to the annual ranking of technology companies in the financial services space.

Bottomline has an extensive suite of innovative products and services for the banking and financial services sector. These include best-in-class cash management solutions, industry-leading legal spend management solutions, the world’s largest and fastest growing settlement network, Paymode-X®, and a range of other solutions that help companies automate payments, invoicing and other paper-intensive processes. Bottomline’s solutions are used by over 10,000 customers worldwide, including more than 500 banks globally and 13 of the top 25 insurance companies.

“We are proud to be recognized in the FinTech 100 again this year,” said Rob Eberle, President and CEO of Bottomline. “The recognition confirms the value of the innovative technology we are delivering to customers.”

Click here to view the entire Bottomline press release.

Congratulations to Bottomline Technologies. 

PayStream research shows that cloud-based or SaaS solutions are currently driving automation adoption in virtually every industry, including financial institutions. To learn more about cloud- based solutions, download a complimentary copy of PayStream’s Total Cost Calculation Tool: Cloud vs. On-Premise Solutions.

 

What’s Behind OpenText’s Purchase of Supply Chain Integration Company GXS?

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Open Text Corporation, a global leader in Enterprise Information Management (EIM), announced recently that it has entered into an agreement and plan of merger to acquire GXS Group, Inc. (GXS), a leader in business-to-business (B2B) cloud integration, pursuant to which GXS will become a wholly-owned subsidiary of OpenText.

OpenText’s acquisition of GXS for $1.165 billion is further proof that the market is entering in an era of Enterprise Information Management.  The GXS acquisition further strengthens the Information Exchange Pillar of OpenText with the addition of market leading cloud-based business-to-business integration services.

OpenText is an important partner to SAP for accounts payable automation; however, the document management needs of larger enterprises are now mature.  Software sales growth for accounts payable automation is slowing and opportunity now lies in electronic transactions.  GXS has made a big commitment to the financial supply chain – a fast growing market with tremendous potential.

Together OpenText and GXS expect to serve more than 55.000 trading partners and 80.000 customers and support approximately 16 billion annual transactions in the cloud.

“In today’s global and highly distributed business, the on-going complexities and costs of do-it-yourself B2B integration pose significant challenges to organizations that need to integrate and orchestrate multi-enterprise processes across time, geographies and a multitude of trading partners,” said Bob Segert, President and Chief Executive Officer of GXS. “Integrating the GXS portfolio into OpenText will allow CIOs to focus their efforts on driving revenue growth while enabling innovation to stay ahead of the competition.”

Click here to view the entire OpenText press release.

Kyriba Launches Proactive Treasury Management

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SaaS leader unveils next generation of successful treasury strategy, to enable forward-thinking finance departments to optimize their cash, manage their risk and work their capital

Kyriba, a leader in cloud-based treasury management solutions, recently launched Proactive Treasury Management (PTM). Proactive Treasury Management is a new set of solutions and methodology for treasury departments to better anticipate and plan for market volatility, regulation and fraud, as well as leverage opportunities for growth. By implementing PTM, organizations optimize their cash, manage their risk and work their capital more successfully.

PTM was developed in response to several recent changes within treasury: increased exposure to financial risk and fraud, continuing convergence and centralization of cash and liquidity tools and processes, and the growing need for treasuries to unlock deeper strategic value within the organization. Recent data has shown that 59 percent of CFOs see an increase in risk exposure compared to five years ago1, and 77 percent of North American organizations will have regional or global cash concentration centers by the end of 20142. Meanwhile, treasury teams feel the need to spend 50 percent more of their time than present on decision support and a third less time on transactional tasks3, in order to better support their businesses.

Kyriba established PTM in collaboration with its clients and industry thought-leaders, bringing together best-practice treasury solutions from some of the world’s largest and most successful organizations, into a single solution and methodology. The new approach will allow treasury teams to better adapt to the “new normal” of economic volatility, while delivering the visibility and control to increase business value for the organization.

Click here to view the entire Kyriba press release.

Today’s treasury managers are tasked to do more with less.  Cloud-based treasury management solutions work to balance both the traditional tasks of managing cash, short-term debt and investments, while also providing the capability to manage capital market activities, mergers and acquisitions (M&A) activity, insurance and pension programs, and working capital management.

Mark your calendar to check back for PayStream’s upcoming Q1 2014 Treasury Workstation report.  The report will provide detailed information on these sophisticated tools and how they enable companies to optimize treasury operations and achieve greater profitability.

To learn more about this upcoming report, click through to the PayStream Research Calendar.

 

Billtrust Debuts EmailPlus, Combining Convenience of Email Bill Delivery with Electronic Payment

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 Billtrust, a leading outsourced billing and payment services provider, recently announced the debut of EmailPlus, an easy-to-deploy service that combines the convenience of email delivery with the benefits of receiving electronic payment and remittance information.

“Today’s businesses are looking to capture the advantages of both ePresentment and ePayment,” said Flint Lane, CEO of Billtrust. “Billtrust delivers over $25 billion worth of email invoices each year, and unfortunately, the majority of these result in a check payment. These checks are incredibly expensive and inefficient to process and often don’t come with clean remittance data.”

Billtrust’s EmailPlus provides a turnkey solution to resolve the challenge for both biller and bill recipient. With EmailPlus, bill recipients receive an attractive, emailed summary of their invoices along with PDF bill attachments. With just one click, bill recipients can securely view and pay invoices, as well as download invoicing data directly into leading accounting packages, such as QuickBooks, and have convenient anytime, anywhere access to invoices.

For billers, EmailPlus delivers the first business-to-business billing email platform that combines electronic bill delivery and payments. In addition to the efficiency of sending out invoices via email, billers receive electronic payment and remittance data that can load automatically into ERP systems.

“Simply put, this product makes sense. My company sends over 80 percent of its bills through electronic channels, but we’ve struggled with online payment growth. Integrating payments into email is a great way for us to move our customer base to a more convenient form of payment that benefits our operation,” said Rob Richardson, Director of Credit at Corken Steel Products Company.

“Increasing the use of online payments that deliver the needed remittance data is becoming more important for companies as they face slower mail times, increased costs and inefficiencies in payment application,” said Bruno Perreault, SVP of Payments at Billtrust. “This service is the new path to electronic payment adoption.”

Click to view the entire Billtrust press release.

To learn more about the benefits of electronic payments, download a complimentary copy of PayStream’s ePayments report.