Bottomline’s Banking Platform Ranked Best-in-Class by Research Firm Aite Group
Global Cash Management Solution Recognized for Industry’s Most Advanced International Payment Capabilities and Flexible End User Dashboard
PORTSMOUTH, NH – May 03, 2007 –
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today announced that in a recent vendor evaluation conducted by research firm Aite Group, Bottomline’s Web-based global cash management solution ranked best-in-class for international payment capabilities and flexible end user dashboard.
About Bottomline Technologies
“As the needs of banks and financial institutions evolve, expanding overseas is one of the major strategies our research indicates being adopted by vendors serving the cash management marketplace,” said Christine Barry, Research Director for Wholesale Banking, Aite Group. “Bottomline stands out as a vendor that has not only made international growth a component of its overall strategy, but one that has already taken significant steps to enhance its solution for international opportunities.”
Bottomline’s WebSeries® Global Cash Management solution provides banks and financial institutions the flexibility and scalability required to address the cash management challenges of their corporate clients. Offering a single platform for originating and managing payments activity worldwide, this modular solution leverages Straight-Through Processing (STP) capabilities, including multi-bank, multi-currency data integration, global payment validation and support for multiple languages and double-byte characters to allow users to meet global information reporting requirements.
“The investments we’ve made in our banking platform and the expansion of our global banking capabilities ensure that our customers are well-positioned to service the demands of their largest corporate clients,” said Eric Campbell, Chief Technology Officer, Bottomline Technologies. “To be recognized as best-in-class in multiple categories by Aite Group is confirmation that the cash management solution we’ve designed and developed is capable of addressing the complex payment and reporting capabilities required by global banks and financial institutions.”
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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