Bottomline Technologies Completes SAS 70 Audit for Legal eXchange[TM].Dual SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. 70 Audits of Legal Spend Management Solution and Data Center Provide Extended Data Assurance Measures 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 provider of collaborative payment, invoice and document automation solutions, today announced that it has successfully completed a SAS 70 Type I audit for its Software as a Service solution, Legal eXchange. The audit represents an independent, third-party expert validation of the internal and external controls Bottomline has established to operate its legal spend management solution. Developed by the American Institute of Certified Public Accountants With over 330,525 CPA members (in August 2006), the American Institute of Certified Public Accountants (AICPA) is the largest professional organization of Certified Public Accountants (CPAs) in the United States of America. and recognized internationally, a SAS 70 auditor's report Auditor's Report Recorded in the annual report, the auditor's report tests to see that a corporation's financial statements comply with GAAP. This is sometimes referred to as the clean opinion. Notes: Most auditor's reports consist of three paragraphs. serves as a comprehensive evaluation of the business processes surrounding the hosting and processing of data. As part of the evaluation of Legal eXchange, mission-critical processes including software change management, customer support, and logical and physical security were each shown to have operational integrity as the result of documented, repeatable procedures that ensure consistent and reliable performance. Now a SAS 70 audited solution, Legal eXchange is also hosted in a SAS 70 audited data center, providing users with a further measure of data assurance. "Within the legal spend management market we believe that insurers and in-house corporate legal departments should expect operational and data safeguards that extend beyond the confines of the data center, which is why we decided to undertake a SAS 70 audit of Legal eXchange," said Tom Gaillard, Senior Vice President and General Manager of Bottomline Technologies. "Our successful completion of this audit further demonstrates Bottomline's singular commitment to providing our clients with the rigorous operational controls today's complex business environment demands." Relied on to provide the visibility and control necessary to drive strategic decisions regarding legal expense management, Bottomline's Legal eXchange solution is one of the most widely deployed legal spend management solutions today. With 60,000 users and a growing network of more than 6,000 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]
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 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 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, Legal eXchange 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. 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 2008, Form 10-Q Form 10-Q See 10-Q. filed November 2008 and any recently filed Form 8-Ks. 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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