Bottomline Introduces Expanded Functionality for Legal eXchange(TM).Enhanced Data Collection and Global Currency Conversion Address Growing Need for Sophisticated Legal Spend Management PORTSMOUTH, N.H. & CHICAGO -- 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 and invoice automation solutions, today at the Association of Corporate Counsel's 2007 Annual Meeting announced expanded functionality for Legal eXchange. This new release introduces advanced capabilities for conducting more sophisticated analysis of legal spend and support for global currency conversion. Legal eXchange helps corporate legal and insurance claims departments manage legal spend more efficiently through electronic invoice management. With the ability to access and analyze data electronically, users can collaboratively align align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. and manage budgets and case handling strategies with outside counsel, while also establishing benchmarks from which future performance can be measured. Offering a network of more than 4,000 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]
For in-house legal departments, the ability to accurately project 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 is quickly becoming a point of emphasis, requiring a broader cross-section of matter-related data. Through the use of Legal eXchange's expanded data collection capabilities, users can conduct more comprehensive analysis, comparing legal fees and expenses based on important factors such as venue and plaintiff's counsel. The addition of new capabilities for converting more than 150 foreign currencies allows users to electronically receive invoices from law firms outside of 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. , strengthening their ability to proactively manage legal spend on a global basis. With the new capabilities announced today, Legal eXchange users can: * Leverage detailed historical information regarding changes to case budgets to determine how effectively matters are being managed against the budget; * Work more collaboratively and efficiently with law firms based outside of the U.S. by providing them with the opportunity to submit invoices electronically in their native currency; and * Further reduce the time required to review and approve invoices through an enhanced user interface. "We believe that choosing a legal spend management solution is more than just a technology decision. Legal eXchange users appreciate the level of expertise and partnership Bottomline brings to its customer engagements," said Tom Gaillard, Vice President and General Manager of Bottomline Technologies. "These enhancements are representative of our ongoing commitment to working collaboratively with our customers to ensure that they achieve their strategic goals for managing legal spend more efficiently." Editorial Note: Bottomline will be exhibiting in booth 811 at the ACC See adaptive cruise control. 2007 Annual Meeting, October 29-31, 2007, at the Hyatt Regency Regency, in British history, the period of the last nine years (1811–20) of the reign of George III, when the king's insanity had rendered him unfit to rule and the government was vested in the prince of Wales (later George IV) as regent. in Chicago. To arrange an on-site meeting, please contact Lisa Clark at 603-501-5112. 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 To turn a set of manual steps into an operation that goes by itself. See automation. 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 optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. 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, Legal eXchange and the BT logo are registered 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 most recent 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 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. |
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