Bottomline Technologies (NASDAQ: EPAY), a leading global technology provider of Financial Resource Management (FRM) software and managed services, today announced that Capita Group PLC, the United Kingdom's leading provider of integrated professional support service solutions, has selected the company's WebSeries(R) application to provide an enterprise-wide BACSTEL-IP strategy.
As one of the highest volume BACS users, it was imperative that Capita's migration to BACSTEL-IP, BACS' new standard for processing electronic payments which companies are required to implement by December 2005, was tackled in the most advantageous and strategic manner. BACTEL-IP is BACS' new standard for processing electronic payments, which companies are required to implement by December 2005. As Capita is one of the highest volume BACS users, it was imperative that its migration to BACSTEL-IP was handled efficiently.
Bottomline's WebSeries will provide Capita with a centralized BACSTEL-IP solution that will also provide autonomy at an operational level. Instead of purchasing and implementing separate BACSTEL-IP solutions for each of its sites, Capita will link these organizations through one, centrally implemented, enterprise WebSeries solution. The flexibility of the WebSeries solution will ensure that the specific operating requirements of each site are met.
"Bottomline's WebSeries will allow Capita to unify its entire existing payments infrastructure and maximize the benefits of migration to BACSTEL-IP," said Ian Gates, Group IT Director at Capita. "By standardizing on WebSeries, we also have the option of extending its use to handle check processing, CHAPS and SWIFT payments."
"We are pleased to be selected by Capita to provide an efficient and cost-effective strategy for implementing BACSTEL-IP across their enterprise," said Peter Fortune, president of Bottomline Technologies Europe. "Capita is an excellent example of how large organizations can use the BACSTEL-IP migration challenge to their advantage by seizing it as an opportunity to review and streamline their current payment processes."