Collaborative Online Portal Enables Users to Drive Supplier Migration to Electronic Invoicing and Improve Working Capital Requirements

PORTSMOUTH, N.H. – May 14, 2007 - Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today announced the availability of Bottomline Business eXchange™, an interactive online portal enabling buyer organisations to work more collaboratively with suppliers to reduce transaction costs and accelerate the transition from paper to electronic invoices.

Bottomline’s accounts payable automation solution combines invoice data capture services with modular software components for electronic invoice workflow and payments to increase the efficiency of the accounts payable function. Through the use of Bottomline’s solution, organisations can accelerate the approval of invoices, reduce spend and more efficiently initiate and control payments.

The addition of Bottomline Business eXchange enables an organisation’s suppliers to gain real-time visibility into invoice and payment status, enhancing their ability to manage accounts receivable processes.  By providing suppliers with the capability to upload invoices directly to the portal or submit them as paper to Bottomline’s Invoice Data Capture Service, buyer organisations can achieve higher electronic invoicing adoption rates, and reduce processing costs associated with handling supplier inquires and discrepancies. Through faster approval processes, buyers can proactively pursue early settlement discounts with suppliers and supply chain finance opportunities with third-party financiers.

“With a continued reliance on paper, the typical AP department sits in contrast to today’s business environment, which is focused on pursuing process efficiency and cost reduction,” said Andrew Bartolini, Research Director at Aberdeen Group, a Boston-based advisory firm. “By automating the AP function, and taking a more collaborative approach to managing supplier relationships, AP departments can leverage increased visibility into invoice data to move beyond simple transactional cost reduction and become a more significant contributor toward helping improve performance across the organisation.”

With Bottomline Business eXchange, buyer organisations can:

• Interact with suppliers online to address inquiries and resolve invoice discrepancies;

• Drive supplier migration by offering multiple options for quickly and easily submitting paper and electronic invoices;

• Leverage increased visibility into invoice status to proactively propose early settlement discounts with suppliers; and

• Work with banks or other financing organisations to extend Days Payables Outstanding and enable suppliers to reduce Days Sales Outstanding, further lowering costs and working capital requirements in the overall supply chain.

“Persuading suppliers to change processes in order to align with buyers’ needs for increased business efficiency can be a costly and time-consuming process, with success largely dependent on an organisation’s ability to present a compelling value proposition to its supplier base,” said Peter Fortune, Chief Operating Officer of Bottomline Technologies. “Bottomline Business eXchange offers customers the opportunity to take a more pragmatic approach toward supplier migration, creating an environment in which increased visibility into invoice status can be used to generate strategic business value for both parties.”

Pricing and Availability
Bottomline Business eXchange is available today. Subscription-based pricing varies based on transaction volume and transaction types.

Free White Paper Examines Value of Strategic Approach to AP Automation
To download a copy of a new white paper exploring the value that can be derived when visibility into invoice workflow is enhanced for buyer organisations and suppliers, click here.

About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) provides collaborative payment and invoice automation solutions to corporations, financial institutions and banks around the world. The company’s solutions are used to streamline, automate and manage processes and transactions involving global payments, invoice approval, purchase-to-pay, collections, cash management and document process automation. Organisations trust these solutions to meet their needs for cost reduction, competitive differentiation and optimization of working capital. For more information, visit www.bottomline.co.uk.

Bottomline Technologies, Bottomline Business eXchange and the BT logo are trademarks of Bottomline Technologies, Inc. which may be registered in certain jurisdictions.  All other brand/product names are trademarks of their respective holders.

Cautionary Language
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies' financial results, refer to the Company's Form 10-K filed September 2006, Form 10-Q filed November 2006 and any recently filed Form 8K's. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.


Contact
Billy Balfour
Bottomline Technologies   
bbalfour@bottomline.com
603-501-5219