Bottomline Technologies Acquires Direct Debit Limited
Bottomline Technologies, a provider of collaborative payment, invoice and document automation solutions, has acquired Direct Debit Limited (DDL), a London-based provider of payments automation software for direct debits and receivables management for corporations, banks, financial institutions and government organisations.
The addition of DDL extends Bottomline’s global payments capabilities. By improving inbound cash flow and reducing days sales outstanding (DSO), customers enjoy lower financing costs and improved working capital management. Customers can access the solutions online using a software-as-a-service (SaaS) model, or can deploy the solutions on-site.
The acquisition of DDL expands Bottomline’s transaction banking portfolio and allows banks to offer white-labelled receivables management solutions to their corporate customers.
“We welcome DDL’s clients to Bottomline and look forward to demonstrating our commitment to their continued success,” said Rob Eberle, president and chief executive officer (CEO) of Bottomline Technologies. “The addition of Direct Debit’s solutions is an important and valuable extension of our suite of global payments, invoicing and transaction banking solutions, offering corporations and financial institutions powerful technology that is flexible and easy to use.”