Make and collect payments using Bacs, Faster Payments, Direct Debit and Open Banking. Manage cash flow, invoices, remittances and protect your business from fraud.
The past 24 months have been relentless for most organisations. Take the bank restructures, the geo-political and economic landscape as a starter, then layer several new payment frameworks such as Open Banking, ISO 20022 and the New Payments Architecture (NPA).
We understand that it can take a lot of work for businesses to know where to start, especially as it requires time and effort away from core business activities. However, there’s no better time to pause and review your payments strategy and see how it stands up to the evolving landscape.
After all, who wants to miss out on new opportunities for growth, operational efficiency and happier customers? Corporate payments are our heritage. Our solutions focus on automation, digitisation and leveraging the latest innovations and regulations to help manage your business payments securely and efficiently to ensure a frictionless customer experience, whatever the playing conditions.
Here’s a helpful introduction to optimise your payments strategy
Present customers with their preferred payment method and channels, whether that’s PayPal, Apple Pay, Google Pay or making payments over the phone, and/or on your website to improve payment conversion and reduce abandonment rates.
Here are ways to introduce more ways to pay:
How money is sent out of your organisation is just as important as how it comes in, ensuring it leaves your business with the necessary scrutiny. Our solutions help you save time and money by enabling you to settle payments electronically via Bacs or Faster Payments and choose a convenient method for your payee, whether via email, embedded in your website or a letter with a QR code.
What’s more, you can manage approvals with customisable rules for the following payment methods:
Protecting business payments has never been so important, with fraud cases regularly making the headlines. Verifying customers and suppliers during the onboarding process can be tedious and adds another layer of complexity to an already cumbersome and manual process. As a leading payments partner, we leverage bank-grade payment technology and provide innovative solutions to protect your business payments.
Here are a few examples:
The complexities, cost, and long implementation times of traditional Treasury Management Systems (TMS) have left many organisations reliant on manual processes, multiple logins and risk of high error when gaining insight into their cash management and liquidity.
Your teams are facing ever demanding and more complex playing conditions. Our Payments Hub helps you meet the challenges of an evolving economy, legacy infrastructure and connecting to new payment rails via a robust and secure platform.
It’s important to ensure your payments partner offers ways to pay that customers are familiar with and prefer whilst providing solutions to understand your organisation’s cash position at any given time to help respond to market conditions and remain competitive.
Over 11,000 UK corporates rely on Bottomline’s innovative SaaS-based payments solutions to navigate the changing landscape. We help businesses like yours pay, get paid and gain visibility into their cash position resulting in payment efficiencies which will help grow, scale and delight your customers.
"Over half of the financial decision makers surveyed highlighted a limited understanding of new payment initiatives. This includes Open Banking, Payments Services Directive 2 (PSD2), UK New Payments Architecture (NPA) and ISO 20022 formats. "
– The Business Payments Barometer 2023
Caxton realized 100% improvement in its cash visibility and positioning, as well as payment processing and security by switching from manual processes to Bottomline Cash management and payments solution.
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