Payment management.

Bottomline Technologies has released WebSeries[R] 3.0, the latest version of its payment lifecycle management software. WebSeries is a comprehensive, Web-enabled online payment and financial information management tool that uses client-defined business rules to ensure security and automate control of all payments. By utilizing one consolidated payment gateway, the company says, WebSeries alleviates the need for remote check issuing systems, enhances fraud protection and provides more timely financial reporting.

The WebSeries application includes a comprehensive set of global payment instruction types that support enterprise payment needs with central control and audit, from paper checks to electronic methods such as automated clearing house (ACH) and wire transfers. WebSeries 3.0 supports shared services environments while accommodating the unique operating needs of remote locations.

Electronic workflow and exception management, using client-defined business rules, enable organizations to ensure the security and control of all payments, including accounts payable, payroll, travel and entertainment, insurance claims payments, dividends, refunds and the associated compliance documents. WebSeries 3.0 also includes a new check management module featuring browser-requested stops, voids, re-issues, payment status and escheatment of paper payments.

Vito Nigro, assistant treasurer at PMA Insurance Group, says the product "provides enterprise access to near real-time payment status information, which helps to streamline customer service and financial reporting functions. Its rules-based workflow reduces tedious and costly manual steps, and the transaction audit trail increases security and helps ensure accountability for all voided checks."

Pricing for WebSeries 3.0 begins at $36,000, and is also available as a hosted, application service provider (ASP)-based licensing model. For more information, contact Bottomline at 800.472.1321, or via e-mail at [e-mail] or on the Web at: www.bottomline.com.