Bottomline Technologies, a provider of collaborative payment, invoice and document automation solutions, has entered into a partnership with Deutsche Bank to serve as the technology provider for the bank’s new Web-based outsourced check generation initiative.
Reportedly, designed for Deutsche Bank’s financial institution clients, this hosted offering leverages Bottomline’s WebSeries platform to provide a comprehensive solution for requesting, approving and printing checks and remittance information locally, across multiple currencies and in a format to clear locally in the beneficiary’s country, hence minimizing fees and clearing times.
Maurice Cleaves, head of Product Management Europe, Global Transaction Banking at Deutsche Bank, said: “We are pleased to partner with Bottomline in this important initiative for Deutsche Bank. The introduction of our onsite check printing solution will provide our clients with new opportunities to expand their reach and enable them to more readily respond to the changing payment needs of their corporate customers.”
Rob Eberle, president and CEO of Bottomline Technologies, said: “We’re excited to have the opportunity to expand our existing relationship with Deutsche Bank by providing the technology foundation for this important new client solution. Our relationship with Deutsche Bank reflects our commitment as an organization to enabling customers to achieve success and our ability to become a trusted partner to the world’s largest banks and financial institutions.”
