The company said that the SWIFT’s products and services are used by more than 8,500 banks, securities institutions and corporations to exchange over 3.8billion standardized financial messages annually. SWIFT Alliance Lite, for which Bottomline is the principle technology partner, is an innovative Web-based connectivity solution, providing businesses with direct, secure and low-cost access to the SWIFT network.
By integrating SWIFT Alliance Lite with Bottomline’s payments automation platforms, corporations will be able to streamline their domestic and international payments by leveraging a single channel for communicating with multiple banking partners around the world. This will result in lower processing costs, improved straight through processing and enhanced visibility of cash and bank account activity globally.
The company's platforms for payments automation enable secure and efficient enterprise payment processing. Designed to meet the needs of mid- to large-sized corporations, these solutions offer flexible modules that can be implemented quickly and cost-effectively, based on an enterprise's specific objectives. Together these advanced applications provide a comprehensive and highly strategic solution for financial process automation, offering the scalability and flexibility required to accommodate future business needs.
Rob Eberle, president and CEO of Bottomline Technologies, said: “We’re delighted to see our relationship with SWIFT progress in the form of this new partnership and present both parties with exciting new opportunities, integrating SWIFT Alliance Lite with our own capabilities for payments automation creates a powerful value proposition for our customers, enabling us to deliver flexible and cost effective solutions for streamlining global payments and delivering real-time cash visibility across multiple banks.”
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