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Bottomline Launches C-Series[TM]Solution Set for Corporate Treasury.


Real-time Payments and Cash Decisioning Solutions Leverage SWIFT Alliance Lite to Provide Consolidated View and Control of Corporate Finance

PORTSMOUTH, N.H. and HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov.  -- 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 at Sibos 2009 announced the global launch of Bottomline C-Series, a new set of solutions providing corporate treasury and other finance executives with cost effective and feature-rich capabilities for liquidity and cash management.

Bottomline C-Series enables the exchange of real-time information between corporations and banking partners internationally, integrating with SWIFT Alliance Lite, for direct, secure and low-cost access to the SWIFT network, as well as with industry-leading enterprise resource planning See ERP.

(application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses.
 systems. Easier to install and considerably lower in cost than traditional treasury management systems, the Bottomline C-Series solution set is ideally suited for organizations seeking a more cost effective approach to domestic and international bank transactions and greater independence from over-committed IT resources.

"When an organization's financial supply chain is dispersed dis·perse  
v. dis·persed, dis·pers·ing, dis·pers·es

v.tr.
1.
a. To drive off or scatter in different directions: The police dispersed the crowd.

b.
 across multiple banks and geographies, strategic tasks such as cash forecasting become increasingly difficult," said Rob Eberle, 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. "Our exciting new C-Series solution draws upon our unique domain expertise as SWIFT's technology partner in the creation of SWIFT Alliance Lite and provides additional reach across the enterprise for extended control and visibility of current and future cash flows. With Bottomline C-Series, we've leveraged our strategic relationship with SWIFT to bring to market a highly flexible solution set that addresses key corporate treasury needs for optimizing working capital, so that a wider range of corporations can benefit from these tools in a multi-bank environment."

"We are delighted to see Bottomline launch a new product which will allow corporates to capture the value of SWIFT," said Elie Lasker, Head of the Corporate Market at SWIFT. "We believe this approach will help to accelerate adoption of SWIFT for corporates, bringing them the value of streamlined multi-bank connectivity and improved straight through processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. ."

The first two C-Series solutions, C-Series Wires and C-Series Cash Reporting are now available. With C-Series Cash Reporting, organizations can:

* Leverage industry standards such as Microsoft Excel (tool) Microsoft Excel - A spreadsheet program from Microsoft, part of their Microsoft Office suite of productivity tools for Microsoft Windows and Macintosh. Excel is probably the most widely used spreadsheet in the world.

Latest version: Excel 97, as of 1997-01-14.
 and SWIFT Alliance Lite to provide global access to intra-day and end-of-day balance and transaction information in a familiar and easy to use manner;

* View near real-time and forecasted cash positions by quickly combining receivables and payables data with balance and transaction reporting;

* Easily identify short-term overdraft A check that is drawn on an account containing less money than the amount stated on the check.

The term overdraft is also used in reference to the condition that exists when vouchers 
 risk in under-funded accounts and cash sitting idly on non-interest earning accounts and move funds accordingly to prevent these scenarios; and

* Reduce the risk of errors and fraud, by enforcing secure and controlled access to cash forecasting activities, mitigating the operational risk of insecure in·se·cure
adj.
1. Lacking emotional stability; not well-adjusted.

2. Lacking self-confidence; plagued by anxiety.



in
 spreadsheet usage.

Through the use of C-Series Wires, organizations can:

* Eliminate the need to maintain multiple bank workstations and formats for domestic and international real-time settlement transactions;

* Enable secure payment approval requirements at multiple levels based on individual user business requirements, with flexible limits and entitlements; and

* Create a single repository of payment and confirmation information to facilitate faster queries and tighter integration with back-office systems.

"Bottomline has a rich heritage of providing solutions for optimizing payment and cash management processes," said Chip Martin, Vice President of Enterprise Payments for Bottomline Technologies. "Our C-Series solution is focused on business applications that will benefit from SWIFT connectivity and offers a compelling alternative to traditional treasury workstations. This solution adds further value for corporates using the SWIFT Alliance Lite platform, which we are proud to have developed for SWIFT, and enables corporates to streamline their payments and cash management globally, achieving significant processing savings and improved security."

Editorial Note: Bottomline will be exhibiting in booth 3D18 at Sibos 2009, September 14-18, 2009 in Hong Kong. To arrange an on-site meeting, please contact Heather Bridges at +1 603-501-5267 or Billy Balfour at +1 603-501-5219.

Calculate the Environmental Savings

To help raise awareness of the environmental benefits achieved by transitioning from paper to electronic processing, Bottomline has posted a green savings calculator calculator or calculating machine, device for performing numerical computations; it may be mechanical, electromechanical, or electronic. The electronic computer is also a calculator but performs other functions as well.  on its Web site at: www.bottomline.com/cash_management_goes_green/.

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 involving payments, global cash management, transactional documents and invoice approval. 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 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, C-Series and the BT logo are trademarks of Bottomline Technologies (de), 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 2009 and any recently filed Form 8-Ks Form 8-K

The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock.


Form 8-K

See 8-K.
. 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.
COPYRIGHT 2009 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

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Publication:Business Wire
Date:Sep 14, 2009
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