Bottomline Technologies Completes SAS 70 Audit for Legal eXchange™
Dual SAS 70 Audits of Legal Spend Management Solution and Data Center Provide Extended Data Assurance Measures
PORTSMOUTH, NH – November 20, 2008 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced that it has successfully completed a SAS 70 Type I audit for its Software as a Service solution, Legal eXchange. The audit represents an independent, third-party expert validation of the internal and external controls Bottomline has established to operate its legal spend management solution.
Developed by the American Institute of Certified Public Accountants and recognized internationally, a SAS 70 auditor’s report serves as a comprehensive evaluation of the business processes surrounding the hosting and processing of data. As part of the evaluation of Legal eXchange, mission-critical processes including software change management, customer support, and logical and physical security were each shown to have operational integrity as the result of documented, repeatable procedures that ensure consistent and reliable performance. Now a SAS 70 audited solution, Legal eXchange is also hosted in a SAS 70 audited data center, providing users with a further measure of data assurance.
“Within the legal spend management market we believe that insurers and in-house corporate legal departments should expect operational and data safeguards that extend beyond the confines of the data center, which is why we decided to undertake a SAS 70 audit of Legal eXchange,” said Tom Gaillard, Senior Vice President and General Manager of Bottomline Technologies. “Our successful completion of this audit further demonstrates Bottomline’s singular commitment to providing our clients with the rigorous operational controls today’s complex business environment demands.”
Relied on to provide the visibility and control necessary to drive strategic decisions regarding legal expense management, Bottomline’s Legal eXchange solution is one of the most widely deployed legal spend management solutions today. With 60,000 users and a growing network of more than 6,000 law firms, Legal eXchange’s comprehensive functionality enables users to work collaboratively with outside counsel, increase process efficiencies and improve case handling strategies.
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, global cash management, transactional documents and invoice approval. 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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