Bottomline Technologies Awarded U.S. Patent for Invoice Data Capture Capabilities
Portsmouth, N.H. – August 24, 2010 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced the issuance of a United States Patent for advanced image data capture technology facilitating the manner in which customers digitize paper invoices, reduce costs and streamline Accounts Payable (AP) processing.
“Bottomline’s commitment to developing new technology allows our customers to increase efficiencies, improve business processes and cut costs,” said Marcus Hughes, chief marketing officer at Bottomline Technologies. “Our patented image data capture technology is just one way Bottomline is helping organizations to optimize working capital by streamlining their invoicing and payments processes."
For many organizations, the AP department is challenged by manual processes and paper invoices that limit the speed, accuracy and controls critical to the successful management of payables. Automating paper-based AP processes allows companies to realize significant benefits including cost-savings, increased visibility, improved control and enhanced cash management. Bottomline offers technology which enables quick digitization of corporate documents and minimizes manual processes improving payables systems. The patented image data capture technology deployed in Bottomline AP automation solutions integrates seamlessly with customers’ existing systems to achieve best-in-class results.
Importantly, reducing the circulation of paper invoices and the need for numerous photocopies has a positive effect on business’ carbon footprint, by minimizing the use of paper. Bottomline honors its customers and partners by recognizing the positive environmental impacts of the move from paper to electronic processes with Bottomline’s Think Green Awards. In addition, Bottomline has multiple green savings calculators demonstrating the quantitative and qualitative environmental and financial returns on investment by using Bottomline’s products and services on its website at www.bottomline.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:
Alana Burns
Bottomline Technologies
603-501-6601
aburns@bottomline.com
Back to top