Bottomline Technologies Receives Top Honors from Global Finance Magazine
Company's Payables Automation Capabilities Rank as Best in Class for Second Straight Year
PORTSMOUTH, NH – February 15, 2006 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of payments and invoice automation software and services, today announced the company has been awarded a top ranking in Global Finance magazine's Best Treasury and Cash Management Banks and Providers 2006. For the second consecutive year, Bottomline has received top honors in the Best Accounts Payable Services category.
Based on patented technology, Bottomline's innovative payables automation solutions allow users to streamline invoice management upstream of the payments process to reduce costs, enhance compliance controls, optimize working capital and position themselves to capture early payment discounts. In addition to this award recognition, Bottomline customers such as Citigroup, Deutsche Bank and JPMorgan Chase, which all leverage the company's technology for different aspects of treasury and cash management services, were again ranked best in class across a number of categories and geographies.
"Improving the accounts payable function has become a key objective for many organizations and to receive the highest ranking for AP services is indicative of the level of value our payables automation solutions are delivering to our customers," said Joe Mullen, CEO of Bottomline Technologies. "At the same time, we continue to take great satisfaction in knowing that our product offering is helping our customers operate more successfully as they aim to achieve more profitable financial operations."
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 involving payments, invoicing, global cash management, supply chain finance and transactional documents. 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.
Company Contact:
Billy Balfour
Bottomline Technologies
603-501-5219
bbalfour@bottomline.com
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