UK book retailer Waterstone’s has chosen Bottomline Technologies as their partner to deliver the next stage of their e-Finance strategy. Bottomline’s i-Pay BACS will be installed to migrate over 100,000 annual supplier cheques to BACS payments over the next few months, ‘saving on banking charges, stationery costs and dramatically reducing in-house resource requirements’. Robert Cocks, Financial Controller of Waterstone’s commented ‘The deployment of the i-Pay solution will deliver Waterstone’s significant improvements to our payment processes. The investment, based on net cost savings which will be achieved with the solution, will improve processes surrounding weekly and monthly core purchasing and expense ledger cheque runs. The efficiencies brought by eliminating manual processing alone will save our department roughly two man days a week.’ When the integration with Waterstone’s Coda Financials is complete, the next phase of the project will involve e-mailing and faxing 6,000 customer statements monthly – introducing resource and cost efficiencies into other areas of Waterstone’s finance function.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more