| FOR IMMEDIATE RELEASE |
27th February 2007 |
UTC Power Selects Bottomline Technologies’
Document Process Automation Solution
PORTSMOUTH, N.H. – February 27, 2007 - Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today announced that UTC Power, a United Technologies Corp. (NYSE:UTX) company, has selected Bottomline’s document processing automation software to streamline select components of its finance function.
Bottomline’s award-winning platform for automating document-centric business processes allows organizations to replace paper-based forms such as invoices, checks and purchase orders with efficient and cost-effective electronic documents. Integrating with industry-leading Enterprise Resource Planning (ERP) systems, organizations such as UTC Power, a full-service provider of environmentally advanced power solutions, can quickly create and deliver these documents across multiple communication channels such as fax, email, print or the Web.
“As part of UTC, we are focused on improving all processes and taking out costs using our Achieving Competitive Excellence (ACE) quality program,” said Bruce LaBrecque, Chief Information Officer for UTC Power. “The Bottomline solution will help increase back-office efficiencies by speeding up our customer and supplier billing and purchasing processes and reducing materials and distribution costs.”
“By taking the paper out of the process, our platform can offer organizations the opportunity to very quickly compose and deliver invoices, purchase orders and other important business documents,” said Rob Eberle, President and Chief Executive Officer of Bottomline Technologies. “We are pleased that UTC Power has selected Bottomline for this initiative and look forward to helping them achieve greater efficiency within their financial processes.”
UTC Power, headquartered in South Windsor, Conn., is a subsidiary of Hartford, Conn.-based United Technologies Corp., a Fortune 50 company that provides high-technology products and services to the building and aerospace industries worldwide.
Contact
Billy Balfour
Bottomline Technologies
bbalfour@bottomline.com
603-501-5219
Kathleen Makrakis
VP Investor Relations
Alpharma Inc.
440 Route 22
Bridgewater, NJ 08807
investorrelations@alpharma.com
(908) 566-3800; (800) 200-9159