Sectornet finds Bottomline

Broker software house Sectornet announced today it will use Bottomline Technologies' BACSTEL-IP system to provide payment and collection services to its brokers.

On 31 December 2005 new BACS migration fund transfer rules come into force, Sectornet said.

Sectornet managing director John Lipscomb said: “As a result of our partnership with Bottomline, our customers will be able to take advantage of process efficiencies long after the BACS deadline has passed.”