Challenges

The business challenge impacting the profiled company’s treasury management capabilities that led them to evaluate and ultimately select TreasuryXpress:

Manually compiling large volumes of bank statements

Inaccurate and time-consuming cashflow forecasts

Difficulty making strategic financial decisions due to lack of visibility across cash, debt, and all liquidity sources

Lack of automated integration and information sharing with ERPs and other 3rd party systems

Decentralised bank account management

Manual bank fee management

Results


Agree that Bottomline improves Cash Liquidity Management in the following areas:

- Improves cash and liquidity visibility

- Improves cash position accuracy

- Improves cash flow forecasts

- Improves reconciliation processes

- Enables faster liquidity decision making for improved liquidity utilisation and management

Treasury performance improvements since starting to use their TreasuryXpress solution:

- 100% cash visibility and positioning

- 100% payment processing and security

- 100% reconciliation

- 100% reporting and information sharing

- 4-6 months to achieve 100% bank connectivity with Bottomline TreasuryXpress

- Helps efficiency and productivity of team

Agree that Bottomline improves operations, technology, and administration in the following areas:

- Integrates with ERP to automate seamless and secure financial data flow

- Establishes multi-bank connectivity for automated and secure bank data collection

- Centralises bank account management

- Improves controls and audit trails

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