Bottomline Technologies, a provider of collaborative payment, invoice and document automation solutions, today at Sibos 2009 announced a strategic partnership agreement with Swift to drive the adoption of Swift Alliance Lite by corporates and financial institutions.
Swift Alliance Lite, for which Bottomline is the principle technology partner, is an innovative Web-based connectivity service, 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.
"Swift Alliance Lite is delivering on its promise to provide corporations with faster and easier connectivity to the Swift Network," said Erik De Belder, head of strategic partner development at Swift. "As Swift's development partner on this initiative, and through this new distribution agreement, we'll be able to leverage our relationship with Bottomline to drive faster adoption and bring the benefits of Alliance Lite to more corporations and financial institutions."
"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," said Rob Eberle, president and CEO of Bottomline Technologies. "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."