| FOR IMMEDIATE RELEASE |
13 February 2007 |
The Economist Group Selects Bottomline Technologies'
Payments Platform
PORTSMOUTH, N.H. – February 13, 2007 - Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today announced that The Economist Group has selected Bottomline’s payments automation platform to streamline the initiation and disbursement of vendor payments.
Bottomline’s payments automation platforms allow organizations to transition from paper-based payments to more efficient and cost-effective electronic payments. By choosing Bottomline, an organization such as The Economist Group, which produces a series of global publications including The Economist and CFO, can streamline, monitor and control the entire payment cycle from a single technology platform.
“The adoption of electronic payments for core financial processes is an important factor in providing treasury and accounts payable personnel with the visibility necessary to make strategic decisions regarding cash flow,” said Rob Eberle, President and CEO of Bottomline Technologies. “We are looking forward to working with The Economist Group to streamline their vendor payment processes and capitalize on the business benefits associated with electronic payments.”
Contact
Billy Balfour
Bottomline Technologies
bbalfour@bottomline.com
603-501-5219