Sterling National Bank Selects Bottomline to Increase Process Efficiency of Payroll Payments
PORTSMOUTH, NH – May 21, 2008 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced that Sterling National Bank, the principal banking subsidiary of Sterling Bancorp, a leading New York financial services company with assets of $2.1 billion, has selected Bottomline to help streamline the generation of payroll payments.
“At Sterling National Bank, we are committed to leveraging technology solutions as a means for increasing operational efficiencies and further differentiating our products and services in the marketplace,” said Eliot Robinson, Executive Vice President, Information Services. “As a solution provider, Bottomline offers the best combination of functionality and domain expertise that will enable our organization to quickly realize the benefits of more efficient payment-related processes.”
Bottomline Technologies’ award-winning portfolio of solutions enable organizations to enhance the initiation, processing and reporting associated with a wide variety of payment types, including those related to payroll and vendor payments. Deployed around the world, the company’s products and services are used by 65 of the Fortune 100 and 80 of the FTSE (Financial Times) 100 organizations.
“In choosing to deploy our solution, organizations gain the functionality and ease of integration required to accelerate the processes associated with different types of business-critical processes, including payments,” said Rick Bell, Vice President and General Manager of Bottomline Technologies. “By improving their efficiencies, our customers can quickly reduce costs and enhance their interactions with employees, clients and business partners.”
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 global payments, transactional documents, invoice approval, purchase-to-pay, collections and cash management. 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.
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 2007, Form 10-Q filed May 2008 and any recently filed Form 8-K'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.