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.
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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."