Key Features and Functions include:

Payments Automation
Cloud-based modules that streamline accounts payable (AP), receivables, and payment processing workflows by automating manual tasks, improving payment controls, and accelerating invoice-to-payment cycles.

Business Payments Network (Paymode)
A B2B payments network enabling secure, digital payment exchange between buyers and suppliers. Paymode supports enhanced remittance details and aims to reduce fraud and settlement time through a large connected ecosystem.

Payments Connectivity
Services that provide connectivity to key financial messaging networks (e.g., SWIFT) and tools for transforming, enriching, and analyzing transaction message data.

Cash Management & Digital Banking
Solutions that deliver real-time visibility into cash positions, centralized management of liquidity, and digital banking capabilities for financial institutions to support treasury and payments activities.

Fraud & Compliance Tools
Security-focused services designed to detect and mitigate payment fraud (including AI-driven insights), monitor internal threat activity, and enforce regulatory compliance across payments and financial operations.

Industry and Enterprise Integrations
Flexible platforms and APIs that connect with enterprise systems, ERPs, and financial infrastructure to facilitate payments execution, reporting, and compliance in diverse business environments.

In February of 2025, Sedgwick, a global provider of claims management, loss adjusting and technology-enabled business solutions and Bottomline, a global leader in business payments and cash management, signed an agreement whereby Sedgwick will acquire Bottomline’s industry-leading legal spend management (LSM) division.