RAIT Investment Trust Selects Bottomline Technologies’ WebSeries

RAIT Investment Trust is to install Bottomline Technologies’ WebSeries payment lifecycle management software. RAIT will use WebSeries to automate and control cash processing and reporting and to strengthen its internal control processes, as mandated by Sarbanes-Oxley. In addition, the company will employ the platform for wire-transfer processing and for daily reporting of account activity and balances, said Bottonline.

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