Vulcan Materials Company’s Use of Bottomline’s Legal eXchange™ Platform Recognized by Law Technology News
Legal eXchange-powered Initiative Earns Award for ‘Most Innovative Use of Technology by an In-House Legal Department’
PORTSMOUTH, NH – February 24, 2009 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced that its customer, Vulcan Materials Company, has been named a Law Technology News Technology Award winner for its use of Legal eXchange to accelerate law firm invoice review cycles and optimize legal spend management processes.
About Bottomline Technologies
Now in its sixth year, Law Technology News’ Technology Awards honor law firms and in-house legal departments that have demonstrated leadership, creativity and innovation in using technology to meet challenges and serve clients.
Since implementing Legal eXchange in 2007, Vulcan’s in-house legal team has been able to transform invoice management processes by establishing a centralized, electronic bill review for all legal invoices. The dramatic reduction in paper invoice volume has not only accelerated approval cycles but provided greater insight into overall legal spend. By building some of its billing guidelines into the process, Vulcan has been able to ensure greater compliance with pre-determined billing guidelines.
“We are very pleased to be recognized by Law Technology News because this award acknowledges the success we’ve had in meeting our goal to better evaluate and control outside legal fees,” said Norman Jetmundsen, Jr., Assistant General Counsel of Vulcan. “Our choice of a technology vendor was an important factor in reaching this goal. Throughout the entire process Bottomline proved to be a true partner, leveraging its expertise and working in conjunction with our in-house team to ensure the project’s success.”
Legal eXchange is relied on to provide the visibility and control necessary to drive strategic decisions regarding legal expense management and 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.
“To see Vulcan Materials Company recognized for its achievements using Legal eXchange is a source of tremendous pride for our organization,” said Tom Gaillard, Senior Vice President and General Manager of Bottomline Technologies. “Increasing visibility into, and control over, legal spend is a priority for many in-house legal teams, and Vulcan’s approach is a model others can emulate.”
About Vulcan Materials Company
Vulcan Materials Company, a member of the S&P 500 index, is the nation's largest producer of construction aggregates, a major producer of asphalt mix and concrete and a leading producer of cement in Florida. For additional information see www.vulcanmaterials.com.
Bottomline Technologies (NASDAQ: EPAY) provides cloud-based payment, invoice and digital banking 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 Bottomline 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.
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