ASR Corporation Selects Bottomline's Payment Solution; Third Party Administrator Licenses PayBase Software For High Volume Disbursements.Business/Technology Editors PORTSMOUTH, N.H. and GRAND RAPIDS Grand Rapids, city (1990 pop. 189,126), seat of Kent co., SW central Mich., on the Grand River; inc. 1850. The second largest city in the state, it is a distribution, wholesale, and industrial center for an area that yields fruit, dairy products, farm produce, , Mich.--(BUSINESS WIRE)--June 20, 2000 Bottomline Technologies(R) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : EPAY) the premier provider of Web-enabled billing, payment and electronic banking solutions, today announced that Administration Systems Research Corporation (ASR (Automatic Speech Recognition) Using voice recognition to replace keypad entry for telephone voice menus. Typically used to speak the digits 0 through 9 insted of keying them, ASR systems may be able to recognize a limited vocabulary. See voice recognition and AVSR. ), a leading employee benefit administration firm, has licensed Bottomline's PayBase software. ASR will utilize the PayBase system to streamline and automate payments of over $100,000,000 in health benefit claims annually. "One of the many benefits to our PayBase software is its ability to quickly and efficiently handle large payment volumes. This feature coupled with the versatility of the system offers significant value to our customers, like ASR Corporation, who are third party administrators," remarked Dan McGurl, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bottomline Technologies. "We are pleased to be a part of ASR's payment processing initiatives." The PayBase solution will integrate with ASR's RIMS host system at their Grand Rapids, MI location, where it will replace their previous DOS program with new Windows-based functionality. ASR will use the system to securely and effectively process between 80,000 and 90,000 monthly claims disbursements. PayBase software will provide ASR with a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. solution that will offer additional time-savings and flexibility. "Because the claims disbursements generated by ASR are on behalf of other organizations, our payments are linked to a variety of sources. We required a system that would enable us to quickly alter and switch between those sources," said Patrick Nagle network administrator at ASR Corporation. "Bottomline Technologies offered the scaleable and technologically advanced system that we needed in order to make our business run smoothly." About ASR Corporation Administration Systems Research Corporation (ASR Corporation) is the largest locally owned and operated employee benefit administration firm in West Michigan. ASR's administration offices are located in Grand Rapids, Michigan “Grand Rapids” redirects here. For other uses, see Grand Rapids (disambiguation). Grand Rapids is a city in the U.S. state of Michigan. As of the 2000 census, the city population was 197,800. . Over 100,000 covered persons covered person, n an individual who is eligible for benefits under a dental benefits program. covered person Health insurance An insured person who is eligible for medical benefits or other services covered by a health policy are enrolled in health plans they administer. ASR specializes in the implementation and administration of self-funded health benefit plans. About Bottomline Technologies Bottomline Technologies(R) (NASDAQ: EPAY) is the leading provider of Web-enabled billing, payment, and electronic banking solutions for the business-to-business market. Bottomline's three integrated e-business offerings enable corporations and financial institutions worldwide to integrate, automate, and streamline the entire financial supply chain. PayBase(R) provides a pathway from traditional paper checks to electronic payments, as well as sophisticated messaging, remittance, and anti-fraud tools. NetTransact(TM), the Company's business-to-business bill presentment and payment See EBPP. suite, enables enterprise billers and their trading partners to electronically present, adjudicate adjudicate (  jōō´dikāt´),v , and pay bills on-line. Bottomline's BankQuest(TM) is a corporate and institutional browser-based electronic banking platform that provides information reporting and transactional services for cash management, trade finance, and securities processing. Today, Bottomline's offerings are utilized by over 2,500 organizations representing every major industry sector. Founded in 1989, Bottomline maintains its headquarters in Portsmouth, NH and has satellite offices located in most major cities. For more information, dial (800) 243-2528 or visit Bottomline on the web at www.bottomline.com This press release may contain forward-looking statements that involve risks and uncertainties, including statements regarding expected benefits of use of the Company's products and future growth or results. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are competition, market demand, technological change, strategic relationships, recent acquisitions, international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and general economic conditions. For additional discussion of factors that could impact the Company's financial results, refer to the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed September 1999. |
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