Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Bottomline Technologies Adds Customers; Concentra, Inc. and Virginia Farm Bureau Mutual Insurance Company Join Growing Legal eXchange Customer List.


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 global technology provider of financial Business Process Management (fBPM) software and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , today announced its legal spend management solution, Legal eXchange(R), continues to gain broad adoption across diverse vertical markets.

As organizations juggle multiple outside legal relationships, legal spend management systems such as Legal eXchange are transforming inefficient invoicing processes and creating unprecedented visibility into determining which outside counsel relationships provide the most value to organizations. Bottomline has added Concentra, Inc. and Virginia Farm Bureau Mutual Insurance Company to its growing list of Legal eXchange customers that also includes leading organizations such as AIG AIG addressee indicator group (US DoD)
AIG American International Group, Inc
AiG Answers in Genesis (religious group in defense of Scripture)
AIG Artificial Intelligence Group
AIG Australian Industry Group
, Liberty Mutual, Safeco and National Grid national grid
Noun

Brit & NZ

1. a network of high-voltage power lines linking major electric power stations

2. the arrangement of vertical and horizontal lines on an ordnance survey map
.

Concentra, the nation's leading provider of specialized cost management services for workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , group health insurance companies, payer organizations and medical providers, selected Legal eXchange to eliminate manual invoicing processes and maximize the value of its claims management system. The move will not only streamline legal invoice processing for group health and auto liability claims, but will also enable Concentra to utilize internal resources more efficiently.

"In any given year, the number of legal invoices we receive for outside services can exceed 1,500," said Richard Parr, Executive Vice President and General Counsel, Concentra, Inc. "Naturally, the manual nature of reviewing and processing these invoices had become burdensome. With legal spend management services from Bottomline, we can ease our reliance on paper, gain new insight into overall legal spend and assess the performance of outside counsel in claims resolution on our behalf."

"Legal spend management is a business issue that transcends industry boundaries," said Tom Gaillard, Vice President and General Manager, Bottomline Technologies. "Organizations struggle with managing outside counsel relationships efficiently and cost effectively. As a flexible and scaleable hosted service, Legal eXchange can provide organizations as diverse as Concentra and Virginia Farm Bureau Mutual Insurance Company with the functionality and ease-of-use critical to transforming legal spend management and realizing a rapid return on investment."

About Concentra, Inc.

Headquartered in Addison, Texas Addison is a city in Dallas County, Texas (USA). The population was 14,166 at the 2000 census. Addison is a northern suburb of Dallas. The city calls itself the Town of Addison but it is incorporated as a city. , Concentra serves the occupational, auto, and group healthcare markets with a continuum of integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption.  that include employment-related injury and occupational healthcare, in-network and out-of-network medical claims review, and repricing Repricing

To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices.


repricing 
 services designed to provide quality healthcare and services, resulting in the containment of healthcare and disability costs. Concentra is a registered trademark of Concentra Operating Corporation. For more information, please visit www.concentra.com.

About Bottomline Technologies

Bottomline Technologies (NASDAQ: EPAY - News) is a leading global technology provider of financial Business Process Management (fBPM) solutions. Bottomline's comprehensive set of fBPM offerings enables businesses and financial institutions to more effectively manage their critical financial transactions, cash decisions and trading partner relationships, leveraging the Web. Applications include Electronic Payments and Cash Management, Electronic Invoice Receipt Management, Electronic Invoice Presentment presentment: see indictment.  and Payment (EIPP EIPP Electronic Invoice Payment and Presentment
EIPP Electronic Invoice Presentment and Payment
), Electronic Banking, Information Reporting, and Document Output Management. Bottomline maintains its corporate headquarters in Portsmouth, NH, and international headquarters in Reading, England. For more information, visit Bottomline on the Web at www.bottomline.com, or dial (800) 243-2528 or (603) 436-0700.

Bottomline Technologies, the BT logo and Legal eXchange 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.
 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 2004, Form 10Q filed May 2005 and any recently filed Form 8K's.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:May 17, 2005
Words:633
Previous Article:Toshiba America Business Solutions Inc. Demonstrates Technical Innovation as Recipient of Four Coveted BERTL's Best Awards; Toshiba Earns Recognition...
Next Article:Curis to Present at UBS Global Pharmaceuticals Conference.
Topics:



Related Articles
A Rising Market.
Best's rating changes. (Ratings).
Best's Rating Changes. (Ratings).
Making contacts: Nationwide's varied mix of products leads to greater customer satisfaction and retention. (Cover Story).
Profiting from experience: Nationwide Mutual's success formula is simple: manage risks and know your customers.
Stemming the tide.
Farm Bureau Mutual Insurance Company.
Best's rating changes.
A new land: today's mutuals are blending their traditional business model into a changing world.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles