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News

RAIT Investment Trust Selects Bottomline Technologies WebSeries

Friday 28 May 2004 09:00 CET | News

RAIT Investment Trust has selected Bottomline Technologies WebSeries payment lifecycle management software. RAIT will use WebSeries to automate and control cash processing and reporting to further strengthen its internal control processes, as mandated by Sarbanes-Oxley. WebSeries is a comprehensive, Web-enabled payment and financial information management system that uses client-defined business rules to automate and control payment processing in a secure and scalable environment. RAIT will use WebSeries specifically for wire-transfer processing and for daily reporting of account activity and balances. WebSeries will enable payment activity and bank balance data to be automatically uploaded to the general ledger. Bottomlines comprehensive set of Financial Resource Management (FRM) offerings enable businesses and financial institutions to more effectively manage critical financial transactions, cash decisions and trading partner relationships.

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Categories: Payments & Commerce
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Countries: World
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