E-Invoicing - Accountis Ltd Changes Name to Fundtech FSC Ltd

Oct. 1, 2010 - PRLog -- These are all focused on financial supply chain products and services, and as a result, has changed its name to Fundtech FSC Ltd.

Fundtech acquired Accountis in February 2008 to extend its financial supply chain product line. The change will consolidate Accountis E-Invoicing products and personnel into an operating unit that will offer seamless integration of the company’s financial supply chain solutions including corporate cash and liquidity management, and trade services. Accountis EIP is the new name for Fundtech’s E-Invoicing (http://www.accountis.com/e-invoicing/) presentment products and services for corporate and financial institutions worldwide.

Fundtech FSC is also a leading provider of UK Bacs payments software with over 8,000 corporate users and more than 2,000 direct clients. Bacsactive-IP is the name for Fundtech’s Bacs payment product suite for corporate and financial institutions in the UK.

Gil Gadot, managing director of Fundtech’s Financial Supply Chain Services strategic business unit, said: “By bringing together all of Fundtech’s financial supply chain solutions into a single business unit we are able to offer the market the broadest line of seamlessly integrated products and services. This emerging field will become increasingly important as banks and corporations seek new ways to improve operating efficiencies related to cash flow operations and improve liquidity management.”

Dyfan Williams, managing director of Fundtech FSC, added: “Offering a treasury management system with integrated E-Invoicing presentment gives banks the opportunity to serve their business customers well with tools that can deliver greater efficiency and visibility. Our UK clients will gain additional benefits from our Bacsactive-IP system.”

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Fundtech FSC Ltd is an international provider of e-invoicing (http://www.accountis.com/e-invoicing/) and payment services including Bacstel-IP, direct debit and direct credit management, account validation and SWIFT.

Founded in 2002, Accountis became part of the Fundtech group in early 2008 and processes over 1 million transactions every day. The Fundtech trusted transaction network is used by many of the World's largest corporations to leverage existing systems and maximise efficiencies across the financial supply chain.