Email Press Release   Printer Friendly Version

Bottomline's Legal eXchange™ Selected by Commerce Insurance

Industry-Proven Solution Allows Insurer to Create Best Practices Approach for Managing Legal Spend

PORTSMOUTH, NH – July 26, 2006 – Bottomline Technologies (NASDAQ: EPAY), a leading provider of payments and invoice automation software and services, today announced that the Commerce Insurance Company has selected Legal eXchange to automate its legal invoice management processes and increase visibility into all areas of legal spend.

Legal eXchange seamlessly integrates with the most widely deployed claims management and time and billing systems to provide instant access to the critical financial information central to managing insurance claims. The powerful combination of automated invoice routing and a sophisticated rules engine allows insurance claims and corporate legal departments to establish more efficient invoice management processes and gain new levels of insight into key legal spend factors such as budgeting, expense monitoring and outside counsel performance.

"As an organization, we are constantly looking for ways in which we can improve the efficiency of core processes. With Bottomline as a strategic partner for our litigation management initiative, we will be able to draw upon their vast expertise, particularly as it relates to property and casualty insurers, to help shape a best practices approach for managing legal spend that is best suited for our business," said Emile Riendeau, Assistant Vice President of Litigation, Commerce Insurance Company.

Massachusetts-based Commerce Insurance Company, the state's largest writer of automobile, home and commercial automobile insurance, is among a growing number of property and casualty insurers to have selected Bottomline's Legal eXchange solution. Six of the nation's Top 20 property and casualty insurers rely on Legal eXchange to provide instant access to the critical financial information surrounding the allocation of outside counsel spend. In deploying Legal eXchange, these insurers are able to leverage the cost savings gained through more efficient legal spend management to help maintain profitability.

"As operational and competitive pressures mount, property and casualty insurers have been among the earliest adopters of legal spend management solutions such as Legal eXchange," said Tom Gaillard, Vice President and General Manager, Bottomline Technologies. "Both the process efficiency gains and new approaches formulated for proactively managing matters have played an important role in helping these organizations to strengthen their positions in the marketplace. We look forward to working closely with Commerce Insurance to achieve equally successful results."

 Email Press Release   Printer Friendly Version

Back to top