Rayloc Selects Bottomline to Extend Value of Microsoft Dynamics for Payments and Electronic Purchase Orders
PORTSMOUTH, NH AND SAN DIEGO, CA – March 12, 2007 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today at Microsoft Convergence 2007 announced that Rayloc, a division of Genuine Parts Company, has optimized its Microsoft Dynamics® AX (Axapta) implementation with advanced capabilities from Bottomline for automating payments and purchase orders.
“Our migration to the Microsoft Dynamics AX environment provided us with the opportunity to upgrade our ERP output capabilities and introduce a greater level of automation into our purchase order and payment processes,” said Joe Lashley, Vice President of Information Services for Rayloc. “In Bottomline, we found the ideal solution for extending the value of our Microsoft investment and the benefits we derive from automating core financial processes.”
Bottomline’s award-winning platform for automating document-centric business processes allows organizations to replace purchase orders and paper checks with more efficient and cost-effective electronic documents and payments. Integrating with industry-leading Enterprise Resource Planning (ERP) systems, organizations such as Rayloc, a re-manufacturer of automotive parts and supplier to Napa Auto Parts, can quickly create and deliver these transactional documents across multiple communication channels such as fax, email, print or the Web.
“The flexibility and ease of use inherent in our platform offers organizations the ability to extend the value of their Microsoft Dynamics AX environment with best-of-breed capabilities for generating and delivering important financial documents,” said Rick Bell, Vice President and General Manager of Bottomline Technologies. “We look forward to assisting Rayloc in optimizing their Microsoft investment through the use of our platform to enhance processes related to payments and purchase orders.”
Editors Note: Bottomline will be exhibiting at Microsoft Convergence 2007 in booth 217, March 11-14, 2007 in San Diego, CA. To arrange an on-site meeting, contact Billy Balfour at (603) 501-5219.
Cautionary Language
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies' financial results, refer to the Company's Form 10-K filed September 2006, Form 10-Q filed February 2007 and any recently filed Form 8K's. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.