| FOR IMMEDIATE RELEASE |
8th May 2008 |
Bottomline Ranked Among Top Technology Providers to Insurance Industry for Second Consecutive Year
Insurance Professionals Identify Company as a Preferred Vendor in Six of Nine Categories
PORTSMOUTH, N.H. – May 8, 2008 - Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced that research advisory firm Financial Insights, an IDC company, and Tech Decisions have named the company to the 2008 Insurer’s Choice, an annual ranking of the top technology providers serving the insurance industry.
Based on the input of more than 600 professionals from the nation’s property & casualty and life & health insurers, the Insurer’s Choice highlights technology providers that contribute the most value toward meeting insurance company objectives. For 2008, Bottomline was identified by insurers as a preferred vendor in six of the survey’s nine categories, including analytics, workflow, financials and operations.
“To help insurers leverage technology to achieve their strategic business goals not only requires innovative solutions, but an acute understanding of the challenges and circumstances unique to the insurance industry,” said Rob Eberle, President and CEO of Bottomline Technologies. “It’s this combination of technology and domain expertise that has enabled us to help some of the world’s most respected insurers enhance the value they derive from the processes central to electronic payments, transactional documents and legal spend management.”
Insurers use Bottomline solutions such as the WebSeries® enterprise payments platform to streamline claims payment processes and reduce exposure to fraud, and its legal spend management solution Legal eXchange™ to work more collaboratively with outside counsel to proactively manage litigation costs and reduce indemnity. Among the company’s insurance customers are a growing number of the nation’s leading property & casualty insurers, including MetLife, Safeco and PMA Insurance Group.
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.
Contact
Kevin Donovan
Bottomline Technologies
kdonovan@bottomline.com
603-501-5240
