Bottomline Acquires SMA Financial
Bottomline Technologies, a provider of collaborative payment, invoice and document automation solutions, has acquired SMA Financial, a provider of software-as-a-service (SaaS) connectivity to SWIFT for the automation of payments and financial messaging.
This acquisition combines a well-known SWIFT Regional Partner (the UK, Ireland and the Channel Islands) with Bottomline’s expertise in treasury and cash management technology. The combined offering will focus on providing SaaS-based SWIFT connectivity, to be called SWIFT Access Service, and next-generation treasury and cash management solutions to a range of bank and corporate customers.
“We are very excited to welcome SMA clients to Bottomline and are fully committed to their continued success,” said Bottomline president and chief executive officer (CEO) Rob Eberle. “SWIFT Access Service is a natural extension of our suite of cloud-based offerings designed to assist corporations and financial institutions streamline their payments processes and realise the associated cost savings and efficiency benefits.”