Adoption of Bottomline's Legal eXchange(TM) Solution Continues to Increase Among Leading Insurance Organizations.Ability to Identify Cost Drivers and Work More Collaboratively with Outside Counsel to Improve Case Outcomes and Reduce Indemnity Fuels Demand PORTSMOUTH, N.H. -- Bottomline Technologies (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), a leading provider of collaborative payment, invoice and document automation solutions, today announced continuing momentum for its legal spend management solution, Legal eXchange, among the nation's leading insurance organizations. With claims litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. costs rising, more insurers are selecting Bottomline's solution to better align case handling strategies and budgets in order to secure the best possible outcomes for their businesses and policyholders. Among the group of insurers to recently select Bottomline's solution are Ophthalmic ophthalmic /oph·thal·mic/ (of-thal´mik) ocular (1). oph·thal·mic adj. Of or relating to the eye; ocular. Ophthalmic Pertaining to the eye. Mutual Insurance Company and MDAdvantage. Supported by an active network of 5,300 law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
a·cu·i·ty n. Sharpness, clearness, and distinctness of perception or vision. and Shelter Insurance Shelter Insurance Company is a mutual insurance company which focuses on Auto, Life, Home, Business, and Farm coverage. It operates in fourteen U.S. states and the headquarters is in Columbia, Missouri. . "We've made a significant investment to build out a team of professionals who understand the nuances of the insurance industry and it's gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to see our clients benefit from their time, energy and expertise," said Tom Gaillard, Vice President and General Manager of Bottomline Technologies. "Our ability to provide advanced capabilities for legal spend management to a diverse group of insurance organizations is indicative of our unparalleled focus on client success." Through the use of Legal eXchange, insurance claims departments can manage legal spend more efficiently through comprehensive budgeting, invoice management and reporting. With the ability to access and analyze data electronically, users can collaboratively align and manage budgets and case handling strategies with outside counsel, while also establishing benchmarks from which future performance can be measured. Complementing the solution's functionality are Bottomline's on-staff experts, who help new customers gain significant return on investment by configuring e-billing guidelines and workflow that map closely to the client's business processes. "From an insurer's perspective, the ability to move beyond simple invoice management is one of the determining factors in selecting Legal eXchange," said Karen Fettig, Legal eXchange Product Manager, Bottomline Technologies. "By expanding the solution's functionality to help insurers identify and analyze major claims litigation cost drivers such as matter venue, and matter severity and complexity, for example, we're able to provide our customers with the information they need to answer important questions relative to the overall cost of a claim and the expenses they can expect to incur in planning a defense." Bottomline Technologies was recently named to the 2008 Insurer's Choice, an annual ranking of the top technology providers serving the insurance industry. Organized by research advisory firm Financial Insights and Tech Decisions magazine, Bottomline was identified as a preferred vendor by insurance professionals in six of the survey's nine categories, including analytics, workflow, financials and operations. 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 and transactions involving global payments, invoice approval, purchase-to-pay, collections, cash management and document process automation. Organizations trust these solutions to meet their needs for cost reduction, competitive differentiation and optimization of working capital. Headquartered in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Bottomline also maintains offices in Europe and Asia-Pacific. For more information, visit www.bottomline.com. Bottomline Technologies, Legal eXchange and the BT logo are trademarks of Bottomline Technologies, Inc. which may be registered in certain jurisdictions. All other brand/product names are trademarks of their respective holders. Cautionary Language This press release may contain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 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 Bottomline Technologies' 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 2007, Form 10-Q Form 10-Q See 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. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion