Anglian Water has signed up for Bottomline’s Payments and Cash Management solution as part of its programme to automate and streamline its processes.
Anglian Water is a supplier of water and water recycling services to more than six million UK customers. Due to its broad reach, Anglian Water’s customers drive high direct debit volume. The company also processes a significant amount in payroll transactions and supplier payments. Anglian Water selected Bottomline to propel its digital transformation strategy for its treasury department, working to improve efficiencies, gain greater cash visibility and reduce costs.
“Real-time cash reporting and visibility is essential for us,” says Jane Pilcher, Group Treasurer, AWG Group Limited. “Achieving this across disparate internal systems and multiple e-banking platforms can be a challenge for many treasury teams in large corporates. Often the lack of connectivity between these systems results in time-consuming data extraction and compilation from several sources.”
Bottomline’s centralised and standardised Payments and Cash Management SaaS platform processes any payment type, and monitors transactions, bank balances, and cash and liquidity information in real-time. This, the company says, improves visibility of cash positions and can help better manage multi-bank relationships.