Boeing Company Selects Bottomline Technologies; Aerospace Company to Utilize Bottomline's Software for Efficient Payments Processing.Business/Technology Editors PORTSMOUTH, N.H.--(BUSINESS WIRE)--Feb. 26, 2001 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 The Boeing Company has licensed Bottomline's PayBase(R) Universal Payments Engine. Boeing, the world's largest aerospace company, will use the software within its Boeing Aerospace Operations subsidiary to automate To turn a set of manual steps into an operation that goes by itself. See automation. and improve its accounts payable and payroll operations. PayBase will work in conjunction with Boeing's existing back-office systems, including PeopleSoft's human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. platform, to provide the organization with a comprehensive payment management and reporting solution. Bottomline's software offers Boeing significant operational improvements and efficiencies by streamlining its employee payroll and vendor payments processing. In addition, PayBase allows Boeing to deploy a fully web-based platform for remote payment initiation, reporting and approval without sacrificing centralized control 1. In air defense, the control mode whereby a higher echelon makes direct target assignments to fire units. 2. In joint air operations, placing within one commander the responsibility and authority for planning, directing, and coordinating a military operation or group/category of and fraud protection. PayBase assures that Boeing's payments will be generated on time, with minimal user intervention. It is a complete disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money. 2. system that is both flexible and scalable. By selecting Bottomline, Boeing has the technology required today, as well as an organization with which it can address its future e-commerce objectives. PayBase Universal Payments Engine is a key product in Bottomline's suite of money movement technology offerings. Boeing licensed the software to streamline the generation of payments from multiple back-office systems. Boeing also selected the Check Fraud Avoidance module to automatically transmit a positive pay file to its financial institution, further reducing the potential for fraud. "Our software can help to enhance productivity and reduce the costs and time delays associated with the payments process," remarked Dan McGurl, chairman 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. "Boeing selected our payment automation system for these benefits and the ability of our software to grow with their needs. We are pleased to partner with the world leader in the aerospace industry, and we look forward to working with them to meet their future electronic initiatives." About Boeing Based in Seattle, The Boeing Company is the largest aerospace company in the world, as measured by total sales, and the nation's leading exporter. Boeing is the world's largest manufacturer of commercial jetliners and military aircraft, and NASA's largest contractor. The company's capabilities in aerospace also include helicopters, electronic and defense systems, missiles, rocket engines, launch vehicles This is a list of space launch vehicles sorted by country/operator in alphabetical order, commercial vehicles are listed under their corresponding country.
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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 Money sent from one individual to another in the form of cash, check, or some other manner. Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance. REMITTANCE, comm. law. , 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 5,500 organizations representing every major industry sector. Founded in 1989, Bottomline maintains its corporate headquarters in Portsmouth, NH and international headquarters in Reading, England. Bottomline also 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. 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. 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 Bottomline Technologies' financial results, refer to the Company's Form 10K filed September 2000 and Form 10Q filed February 2001. |
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