Bottomline’s Global Cash Management Capabilities Recognized as Best-in-Class by Research Firm Aite Group
PORTSMOUTH, NH – April 20, 2009 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced that in a recent vendor evaluation conducted by research advisory firm Aite Group, the company’s capabilities for global cash management ranked best-in-class.
About Bottomline Technologies
“As the volume of international trade rises, banks have to expand their cash management products and services into new geographies in order to support their corporate clients or risk ceding ground to competitors,” said Christine Barry, Research Director at Aite Group. “Among its peers, Bottomline has demonstrated it possess the breadth of solution capabilities, scalability and expertise required to help large banks develop successful multi-region or global cash management strategies.”
To help accommodate high-volume domestic and international payments and cash reporting, banks and financial institutions around the world rely on Bottomline’s award-winning WebSeries® Global Cash Management platform. A single platform for originating and managing payment transaction and information reporting activity, WebSeries delivers the security, reliability and functionality banks require to bring to market the types of products needed to address emerging market opportunities.
“Bottomline’s commitment to its clients’ success is reflected in the investments we continue to make in our solution and the expansion of our resources in regions such as Europe and Asia-Pacific,” said Michael Lane, Senior Vice President and General Manager of Bottomline Technologies. “We’re proud of our strong reputation in the global banking community and it’s an honor to be recognized by Aite Group.”
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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