Bottomline Technologies Introduces PartnerSelect
New Technology Platform Redefines Insurance Claims Litigation Vendor Management
PORTSMOUTH, N.H. – September 30, 2015 – Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice, and digital banking solutions today announced that it introduced PartnerSelect. Leveraging a secure network, the PartnerSelect platform strengthens the working relationships between insurance carriers and their law firm partners, streamlines the process of selecting outside counsel and assigning legal matters and improves case outcomes by ensuring that the right attorneys are chosen for every case.
For carriers, choosing counsel and assigning cases is often a manual, time-consuming and imprecise process. PartnerSelect streamlines these activities by providing visibility into attorneys’ areas of expertise, case assignment history and prior performance. Carriers can customize attorney selection and case assignment criteria based on preferences around prior case performance, outcomes of litigated cases, efficiency and financial metrics. Carriers are also able to instantly share knowledge among their claims professionals through ratings, reviews, surveys and analytics. Both carriers and law firms benefit from a standardized process and instant access to case assignment information in a centralized location. The end result is insurance carriers have the data and information to confidently select the right attorney for every case.
For attorneys and law firms, the PartnerSelect network expands their reach across carriers and creates new opportunities to forge long-term relationships within claims organizations. Law firms can generate greater brand exposure through the network and the unique opportunity it affords to showcase expertise and past successes to a targeted and highly sought-after audience. As carriers adopt the PartnerSelect platform, it will become a valuable tool for attorneys and law firms to service existing clients and develop new client relationships.
“We serve over 250 insurance companies and we know how time-consuming the claims litigation vendor management process can be,” said John Kelly, General Manager for Legal Spend Management at Bottomline Technologies. “PartnerSelect is the first and only platform that connects insurance carriers and law firms to provide centralized visibility into the entire claims assignment process - anywhere, anytime. We designed PartnerSelect to help our customers save time, save money, and achieve better case outcomes and are confident that it will be well received.”
PartnerSelect simplifies case management by enabling carriers and law firms to collaborate in the cloud and securely share documents and case content. PartnerSelect features a seamless integration with Bottomline’s industry-leading legal spend management and e-billing products, Legal-X and Legal eXchange.
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) powers mission-critical business transactions. We help our customers optimize financially-oriented operations and build deeper customer and partner relationships by providing a trusted and easy-to-use set of cloud-based digital banking, fraud prevention, payment, financial document, insurance, and healthcare solutions. Over 10,000 corporations, financial institutions, and banks benefit from Bottomline solutions. 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 Bottomline Technologies logo are trademarks of Bottomline Technologies, Inc. which may be registered in certain jurisdictions. All other brand/product names may be trademarks of their respective owners.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements reflecting our expectations about our ability to execute on our growth plans. Any statements that are not statements of historical fact (including but not limited to statements containing the words “believes”, “plans”, “anticipates”, “expects”, “look forward”, “confident”, “estimates”, and similar expressions) should be considered to be forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors including, among others, 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' operational and financial results, refer to our Form 10-K for the fiscal year ended June 30, 2014 and any subsequently filed Form 10-Q’s and Form 8-K’s or amendments thereto. 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.
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