Bottomline Technologies, a global technology provider of financial managed services is to partner with Sectornet to provide payment and collection services to insurance brokers in the UK.
With the 31 December 2005 BACS migration deadline less than nine months away, organisations across all industries are actively seeking BACS-compliant fund transfer options.
Bottomline said, Through the partnership, Sectornet’s customers will be able to utilise its BACSTEL-IP subscription service to meet the migration deadline and realise significant cost savings through new levels of automation and process efficiency.
“Migrating to the new BACS standard is a major priority for our customers, and we are pleased to be partnering with the market leader for BACSTEL-IP services,” said John Lipscomb, managing director of Sectornet.
“As a result of our partnership with Bottomline, our customers will be able take advantage of process efficiencies long after the BACS deadline has passed."