FCCI Insurance Group Leverages Bottomline’s WebSeries® Platform for Corporate Payments Initiative
PORTSMOUTH, NH – April 10, 2007 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today announced that FCCI Insurance Group (FCCI) has expanded its use of WebSeries to establish a single integration point for all paper and electronic disbursements.
Deployed worldwide by leading corporations, banks and financial institutions, WebSeries forms the nucleus of Bottomline’s enterprise payments and global cash management solutions. Based on patented technology, this modular platform enables users such as FCCI Insurance Group, a regional property and casualty insurer that has been leveraging WebSeries for claims payments, to significantly improve straight-through processing for all disbursement types, while enhancing payment security and increasing visibility into the entire payments cycle.
“With the flexibility and scalability our WebSeries platform offers, customers can quickly broaden their deployment in order to adapt to changing internal and external business requirements,” said Mike Kosek, Vice President and General Manager of Bottomline Technologies. “We are pleased that FCCI has decided to expand its relationship with Bottomline and we are looking forward to delivering value into new areas of their finance processes.”
About FCCI
Headquartered in Sarasota, Florida, FCCI Insurance Group (FCCI) began in 1959 as a self-insurance fund for workers’ compensation. Today, FCCI is a leading regional property and casualty commercial insurance provider, writing more than $550 million premium in 13 contiguous states throughout the Southeast and Midwest. FCCI is rated A- (Excellent) by A.M. Best Company. You may contact FCCI at (800) 226-3224 (FCCI), or at www.fcci-group.com.
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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