Bottomline Technologies has enhanced its wholesale electronic bill payment and presentment capability by buying Integrated Cash Management Services Inc. of Great Neck, N.Y.

The purchase of the privately held cash management software company for a relatively modest $8.5 million would enable companies that use Bottomline's electronic payments systems to better manage their cash through automation of accounts payable and receivable, said Pawan Malhotra, an equity analyst at CIBC World Markets Corp.

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