Accounts payable News & Events
Which Solution is right for you? 
dots
Global Sites: 
Latest News
 
  Press Releases
FOR IMMEDIATE RELEASE September 2008

Global Financial Services Community Increases Adoption of Bottomline’s Payments and Cash Management Solutions

Industry Expertise and Solution Functionality Enable Leading Financial Institutions to Capitalize on New Market Opportunities Worldwide

PORTSMOUTH, NH and Vienna, Austria – September 16, 2008 - Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today at Sibos 2008 announced growing momentum for its WebSeries® Global Cash Management Platform within the banking and financial services community worldwide with significant new customers and a strategic partnership.

Since Sibos 2007, many leading banks in Europe, Asia-Pacific and North America have chosen, or expanded their use of, Bottomline’s WebSeries platform for a variety of applications to enhance straight through processing (STP) capabilities and transaction reporting for international payments, foreign exchange and wire initiation. The company has further expanded its presence within the industry by serving as the principal technology partner for SWIFT’s new Alliance Lite connectivity option, which will provide secure, Web-based access to SWIFT’s financial messaging network worldwide.

“The momentum we’ve established within the global banking community is not only indicative of our breadth of functionality and industry knowledge but of our commitment to helping our clients and partners attain success,” said Michael Lane, Senior Vice President of Global Banking, Bottomline Technologies. “This combination of people, process and technology separates us in this marketplace as a partner to the world’s largest financial institutions and enables our customers and partners to bring to market the types of customer-facing products and services for payments and cash management their businesses require to address new market opportunities.”

Bottomline’s award-winning WebSeries Global Cash Management Platform provides the security, reliability and scalability required to address today’s transaction and information reporting challenges. Offering users a single platform for originating and managing transaction activity worldwide, the company’s modular solution leverages STP capabilities, including multi-currency and multi-language data integration, international payment standards, BIC and IBAN validation, and support for double-byte characters for clearing into Asia.

Editorial Note: Bottomline will be exhibiting in booth B731 at Sibos 2008, September 15-19, 2008 in Vienna, Austria. To arrange an on-site meeting, please contact Heather Bridges at 603-501-5267 or Billy Balfour at 603-501-5219.

About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) provides collaborative payment, invoice and document 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. Organizations trust these solutions to meet their needs for cost reduction, competitive differentiation and optimization of working capital. Headquartered in the United States, Bottomline also maintains offices in Europe and Asia-Pacific. For more information, visit www.bottomline.com.

Bottomline Technologies and the BT logo are registered 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
.

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


top

 
Bottomline Newsletter



Bottomline Technologies Europe Ltd - Automating Accounts Payable processes



Accounts Payable Automation | Banking & Financial Services | Electronic Documents | Transaction Processing
About | Customer Success | Solutions & Services | Professional Services | Support | News & Events | Partners | Investors | Contact | Privacy| Site Map


115 Chatham Street, Reading, Berkshire RG1 7JX. Company reg: 1911956. Tel: +44 (0)870 081 8250 Fax: +44 (0)870 081 8280 Int Tel: +44 118 925 8250