Cash Management
Offer a simple way for your organization to replace spreadsheets with automation, develop more timely cash visibility and secure greater payments control without the complexity of a TMS implementation.
Challenges
The business challenge impacting the profiled company’s treasury management capabilities that led them to evaluate and ultimately select Bottomline Cash Management and Payments:
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 utilization and management
Treasury performance improvements since starting to use their Cash Management and Payments 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
GET IN TOUCH
Want to learn more about Bottomline's treasury or payments and
cash management solutions?
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