Friday 5th February, 2021
Dubai-based TreasuryXpress a leading provider of cloud-based treasury management solutions for corporations and banks around the world has been acquired by Bottomline Technologies.
TreasuryXpress offers treasury and cash management solutions to large corporates, banks and other financial institutions. The company now counts 200 clients across Europe and the Middle East and North Africa (Mena) region, including marquee banking and financial institution clients.
"We’re extremely proud and excited to join Bottomline and contribute our unique product set and domain expertise to help address a large and important market opportunity,” said Anis Rahal, CEO, TreasuryXpress. “At TreasuryXpress, our founding vision was to serve the market with open and powerful treasury solutions that reduce complexity and add strategic value to financial teams everywhere. Combining with Bottomline’s sophisticated bank connectivity engine and expertise in payments completes this vision and opens the door for unparalleled innovation. We are confident our powerful and compelling joint proposition will make us a clear market leader.”
Bottomline has also unveiled expanded corporate treasury capabilities as part of its integrated Payments and Cash Lifecycle Platform. The platform empowers financial managers to optimise cash, liquidity and working capital with a unified solution combining payables, receivables, and treasury management, delivering greater visibility and control throughout the end-to-end cash lifecycle.
“Businesses need simpler and more integrated solutions that offer better control and management of cash,” said Rob Eberle, CEO, Bottomline. “At the core of our innovation agenda, we are transforming payments and cash management processes to streamline and simplify the end-to-end cash lifecycle for businesses of all sizes, from SMBs to enterprises. An integrated payables, receivables and treasury management solution is an important innovation, for both corporates and the banks that serve them. Our combination with TreasuryXpress enables us to extend from our leading business payments capabilities to offer a uniquely comprehensive solution across the entire cash management lifecycle.”