ACUITY Selects Bottomline’s Legal eXchange(TM) to Reduce Paper Invoice Processing and Enhance Outside Counsel Relationships
PORTSMOUTH, NH – June 12, 2007 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today announced that property and casualty insurer ACUITY has selected Legal eXchange to automate its legal invoice review and approval processes. ACUITY joins a growing list of leading property and casualty insurers to have selected Bottomline’s legal spend management solutions.
Legal eXchange enables insurance companies, which often rely on specialized law firms to litigate claims, to manage legal expenses more efficiently through the adoption of electronic invoice management processes. Bottomline’s ability to accommodate the receipt and workflow of both outside counsel and other legal invoices gives organizations like ACUITY greater visibility into all matter-related spend, and the opportunity to establish performance benchmarks for determining which firms are best suited to litigate specific claims. The access and analysis of electronic data also enables users to work proactively with outside counsel to align and manage budgets and case handling strategies.
"We gained our reputation as a premier claims service provider because of our quality people and superior use of technology,” says Jamie Loiacono, Vice President - Claims at ACUITY. "Our partnership with Bottomline and use of Legal eXchange supports our objectives by helping us eliminate paper invoice processing and enhancing our outside counsel relationships."
“Many of the nation’s leading property and casualty insurers have chosen Bottomline based on our industry expertise and best-practice approach to legal spend management that introduces a greater level of transparency between our customers and their outside counsel,” said Tom Gaillard, Vice President and General Manager, Bottomline Technologies. “We are excited by the opportunity to work with ACUITY and look forward to helping make their program successful.”
About ACUITY
ACUITY, headquartered in Sheboygan, Wisconsin, is a regional property and casualty insurer that operates in sixteen states, writes over $800 million in premiums through 750 independent agencies, and manages $2 billion in assets. The only company in the nation to be named three consecutive years to the Great Place to Work Institute’s top five mid-sized companies, ACUITY employs 850 people.
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 and transactions involving global payments, invoice approval, purchase-to-pay, collections, cash management and document process automation. 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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