Anglian Water picks Bottomline platform for payments and cash management
Latest news
Anglian Water picks Bottomline platform for payments and cash management 21 September 2020London Reporter: Rebecca Delaney
Image: peshkov - stock.adobe.com
Anglian Water has selected Bottomline’s payments and cash management solution to automate and streamline processes.
As a supplier of water and water recycling services, Anglian Water selected Bottomline to drive its digital transformation strategy for the treasury department to improve efficiency and cash visibility.
The Bottomline payments and cash management solution comprises a centralised and standardised software-as-a-service platform which has the ability to process any payment type and monitor transactions, bank balances, cash and liquidity information in real-time.
The platform utilises aggregated data from multiple sources, automated flows and head of payments personnel across the global industry.
Jane Pilcher, group treasurer for Anglian Water, commented: “Real-time cash reporting and visibility is essential for us.”
“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 the compilation from several sources.”
Nigel Savory, managing director of Europe at Bottomline, added: “Our technology gives our customers real-time visibility of their global cash position, helping them save time, money and effort. We are delighted that Anglian Water chose Bottomline as a partner in their treasury transformation journey.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: peshkov - stock.adobe.com 