Since the enactment of Sarbanes-Oxley, the ability to monitor payments to detect financial improprieties has increased in importance. Even smaller companies that aren't required by law to adhere to Sarbanes-Oxley reporting regulations are expected by customers or financial partners to abide by the law's transparency rules.
Regardless, if there's one thing today's most successful businesses have in common, it's keeping tight control over financial transactions. Whether you're in financial services or manufacturing, healthcare or retail, education or public sector, the ability to track the payments you collect and make is vital. At an enterprise level, however, this becomes increasingly difficult. Multiple divisions, sites, systems and different operating procedures can prevent finance officers from achieving the visibility they need to assess the company's true financial position and make fully informed decisions.
Against this backdrop, Bottomline Technologies' Payments Lifecycle Management solutions, WebSeries® and PayBase®, integrate seamlessly with leading ERP and accounting systems to streamline, monitor and control payment and collection cycles. No matter how complex the organization, Bottomline delivers full-featured payment functionality while giving finance managers unparalleled access to the transaction reporting they require for cash flow decisions and regulatory compliance.
From one central implementation, WebSeries allows authorized users throughout your business to approve, submit and monitor every type of incoming and outgoing payment from a single Web-based platform. This reduces the potential for costly manual mistakes, consolidates multiple payment systems under one centralized platform, and increases your business efficiency by automating payment tasks. Advanced features include Payment Risk Management, such as OFAC checking, and a convenient ePayment Portal.
PayBase, available for departmental or enterprise deployments, combines four essential financial transaction functions into one, secure system: electronic debit and credit payments, checks, remittances, and digital archive and retrieval.