Press Release - 11th September 2009
Bottomline Platform Helps Banks Deliver
‘Greener’ Approach to Global Cash Management
Automated Payment and Information Reporting Processes Dramatically Improve Environmental Impact
PORTSMOUTH, NH – September 11, 2009 - Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced that through the use of its global cash management platform, banks and financial institutions can deliver significant environmental savings to corporate clients through green products and services.
In a new whitepaper from Aite Group, Research Director Christine Barry provides guidance to banks and financial institutions seeking to better understand the environmental benefits associated with Web-based cash management products and services. The whitepaper, “Global Cash Management: Going Green” is available at www.bottomline.com/green_banking.
By choosing a banking partner offering cash management products and services through a Web-based solution, corporate treasurers can quickly adopt electronic processes for domestic and international payments, and balance and transaction reporting. Eliminating the paper traditionally associated with these processes can have a significant impact on the environment through the conservation of natural resources.
For example, converting just 25% of the average number of business payments issued each month could conserve more than 900 lbs. of paper and prevent the consumption of nearly 11,500 gallons of gasoline (1).
“In a competitive marketplace, demonstrating customer value in multiple ways is critical to success,” said Michael Lane, Senior Vice President and General Manager of Bottomline Technologies. “Our cash management platform provides the breadth of functionality banks and financial institutions require to compete globally and helps them bring added value to their client relationships in the form of greener business practices.”
To get to market quickly with a high-volume domestic and international payments capability, banks and financial institutions around the world rely on Bottomline’s award-winning WebSeries® Global Cash Management platform. A single platform for managing payments and providing real-time cash management reporting, WebSeries delivers the security, reliability and rich functionality necessary to deliver the products and user experience required to strengthen customer relationships and develop new markets.
In addition to electronic processes for domestic and international payments, banks and financial institutions can further promote green practices among corporate clients through a variety of capabilities within Bottomline’s platform. The ability to export cash reporting and payment data into a back-office system, for example, enables clients to conduct the requisite auditing and reconciliation needed without having to consume paper by printing the information. Reducing the amount of paper consumed can also be attained by leveraging the platform to deliver payments remittance information directly to their billing partner.
Editorial Note: Bottomline will be exhibiting in booth 3D18 at Sibos 2009, September 14-18, 2009 in Hong Kong. To arrange an on-site meeting, please contact Heather Bridges at 603-501-5267 or Billy Balfour at 603-501-5219.
Calculate the Environmental Savings
To help raise awareness of the environmental benefits achieved by transitioning from paper to electronic processing, Bottomline has posted a green savings calculator on its Web site at: www.bottomline.com/cash_management_goes_green/.
Contact
Billy Balfour
Bottomline Technologies
bbalfour@bottomline.com
603-501-5219
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