Bottomline Introduces Expanded Functionality for Invoice and Transactional Document Automation.
PORTSMOUTH, N.H. and LAS VEGAS -- Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, and a Certified Partner in the Oracle PartnerNetwork, today at Collaborate 07 announced the availability of expanded functionality for its document process automation platform, including Proof of Delivery and archiving for electronic documents such as invoices, purchase orders and checks.
Bottomline's award-winning platform allows organizations to automate and manage business processes that rely heavily on transactional documents. Through the electronic composition, routing, delivery and storage of documents such as invoices, checks and purchase orders, organizations can operate and interact with customers and suppliers more efficiently and cost-effectively. Integrating with industry-leading Enterprise Resource Planning (ERP) systems, the platform supports Oracle Fusion Middleware, which allows users of Oracle[R] JD Edwards and Oracle E-Business Suite to confidently embrace Oracle's strategic direction, while optimizing their ERP systems with advanced capabilities for transactional document output.
Through the addition of capabilities for Proof of Delivery, organizations can leverage the ability to capture electronic signatures at the point of receipt to initiate the creation of an invoice, thereby eliminating manual processes associated with matching and collating various paper documents related to the transaction. By accelerating the invoice process, organizations can quickly reduce days sales outstanding (DSO) and the possibility of duplicate shipments, while improving customer service. With Create!archive 6.2, the expanded electronic archive also announced today, users can further enhance process efficiencies by securely storing, searching and retrieving documents through a full featured self-service Web application.
"With today's heightened emphasis on business efficiency, compliance and customer service, it's critical that organizations adopt a more strategic approach to managing transactional documents," said Gareth Priest, Vice President of Global Product Management, Bottomline Technologies. "Through the expansion of our platform's capabilities to address the unique challenges inherent in discrete business processes, enterprises can use our platform to introduce significant process efficiencies into new areas of their business operations."
Through use of these new platform enhancements, Bottomline's customers can:
* Increase organizational cash flow by reducing DSO;
* Leverage barcodes to link receipt to invoice and eliminate extraneous paper documents and manual processing;
* Accelerate the invoice process and improve dispute resolution through automated confirmation of goods and services delivered;
* Conduct archive searches via keywords or phrases and access documents using an intuitive, personalized dashboard;
* Increase document security by defining access and user interaction at the individual or group level; and
* Embed annotations within documents to enhance audit-related tracking capabilities and effectively communicate details that require immediate action.
"By continuing to invest in our platform and through support for strategic initiatives such as Oracle Fusion Middleware, we're able to help our customers proactively adjust to new business conditions," added Priest.
Pricing and Availability: Licensed separately, Proof of Delivery and Create!archive 6.2 are available today. Pricing varies based on customer configuration. For more information, please call 1-800-472-1321.
Editors Note: Bottomline will be demonstrating its new proof of delivery and electronic archive capabilities in booth 326 at Collaborate 07, the Oracle Applications Users Group (OAUG) annual conference, April 15-19, 2007 at the Mandalay Bay Resort and Conference Center in Las Vegas, NV. To arrange an on-site meeting, contact Deidre Moore at (603) 501-5254.
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) provides collaborative payment and invoice 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, Bottomline also maintains offices in Europe and Asia-Pacific. For more information, visit www.bottomline.com.
Bottomline Technologies 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.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act 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 and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies' financial results, refer to the Company's Form 10-K filed September 2006, Form 10-Q filed February 2007 and any recently filed Form 8K'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.