Bottomline Technologies has expanded its partnership with Lloyds Bank in the UK.
Under a new partnership arrangement, Bottomline will provide connectivity to Lloyds Bank’s infrastructure, enabling corporate customers to streamline the management of payments, improve operational efficiency and achieve high levels of straight-through processing (STP). The solutions will be available as part of Lloyds’ host- to-host connectivity service, which allows corporates to communicate directly from their enterprise resource planning (ERP), treasury management system (TMS) and back office systems to their banking service providers.
Norm DeLuca, managing director, banking and financial services at Bottomline, said: “As a trusted partner to Lloyds Bank, we will help corporates leverage SWIFT and other connectivity options to achieve financial and operational process automation, attain greater optimisation of working capital and take a more strategic view of cash management opportunities, all of which are essential in today’s challenging economic environment.”
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