Bottomline adds stablecoin payments to CFO Suite

Bottomline has expanded its CFO Suite so finance teams can access and view stablecoin payments within existing payment and cash management workflows. The feature is available to enterprise and mid-market customers in the UK and US.

The update adds stablecoin access directly to the Cash Management and Payment Hub products in the CFO Suite, allowing finance teams to handle digital assets within the same operational processes used for traditional payments and fiat currency.

Stablecoins have drawn increasing attention from treasury and finance teams as companies examine new ways to move money and manage liquidity. But corporate use has often been limited by the need to operate outside established reconciliation, approval and audit structures.

The update is intended to reduce that friction by placing stablecoin activity inside existing finance workflows rather than requiring separate tools or procedures. Users can view stablecoin transactions alongside other payment activity and apply existing controls to them.

Workflow change

Finance teams will be able to send, receive and manage stablecoins through the platform. The system will also support near real-time settlement in selected payment scenarios.

The update also includes stablecoin activity in existing cash management views, giving treasury and finance staff a consolidated picture of fiat and digital payment flows in one place.

The CFO Suite will also support payment routing across different payment types, allowing finance teams to assess how to move money based on factors including speed, cost, liquidity and business need. Bottomline framed this as part of a broader effort to help customers assess newer payment methods alongside established payment rails.

Broader push

Bottomline is also onboarding partners to widen the decentralised finance asset, payment and settlement options available through the CFO Suite. It described that work as part of a longer-term effort to expand payment choice for finance teams.

Bottomline operates in business payments and cash management and says it handles more than USD $16 trillion in payments each year. The business is owned by software investor Thoma Bravo, which has more than USD $172 billion in assets under management.

The stablecoin feature is aimed at enterprise and mid-market organisations, two customer groups under pressure to modernise payment operations while keeping audit and governance standards intact. Bringing newer payment methods into existing treasury systems could reduce the operational burden that often comes with testing alternative forms of settlement.

For finance departments, a key issue with stablecoin use has been whether those transactions can be supervised in the same way as bank-based payments. Separate handling processes can create extra checks, fragmented reporting and uncertainty over who approves transfers.

By embedding stablecoin activity into existing workflows, Bottomline is seeking to remove some of those barriers. The model allows organisations to explore stablecoins without abandoning the payment and cash management procedures already in place.

Colin Swain outlined the rationale for the launch.

"Stablecoins are becoming more relevant to corporate finance, but adoption depends on whether finance teams can manage them with the same visibility, controls, and governance they expect from existing payment methods," said Colin Swain, Global Head of Product for Corporate Solutions at Bottomline.

"Bringing stablecoin into the CFO Suite gives finance teams a way to explore and use it without stepping outside the workflows they already trust," Swain said.