Bottomline Technologies Executive Named to LEDES Oversight Committee.PORTSMOUTH, N.H. -- Electronic Invoicing Expert to Also Head Subcommittee on Beta Standard for International Legal Electronic Data Exchange 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 that Robert K. Mullen has been elected to serve as Vice President of the LEDES Oversight Committee (LOC LOC - lines of code ) and Chairman of the group's International Standards Feedback Subcommittee. The independent group, comprised of 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]
An expert on legal e-billing practices and technology, Mullen joined Bottomline Technologies in 2000 from eVelocity, a pioneering legal e-billing services provider. A member of the product team that helped to lead the growth of the electronic invoicing market, Mullen was instrumental in the industry's first deployments of the technology within corporate legal departments of Fortune 1000 accounts. Today he consults exclusively to customers of Legal Exchange(R), Bottomline's Web-based legal spend management solution. "As a long-time advocate and active contributor in the development of standards for paperless invoicing, Bob brings a wealth of experience to this elected position," said Aaron Van Nice, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co. and Chairman of the LOC Executive Committee. "With increasing globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation of corporate entities and the demand for international legal services legal services n. the work performed by a lawyer for a client. , the year ahead is marked by the important task of extending LEDES to the international legal community. Bob's efforts on behalf of the committee will be integral to this important effort." To date LEDES has been successful in unifying the U.S. legal industry around a common format for the exchange of electronic invoice data. Developed initially by PricewaterhouseCoopers, LEDES is now managed by a vendor-neutral LEDES Oversight Committee (LOC). To accommodate a growing number of EU law firms required to submit invoices electronically, in February 2005 the LOC developed a revised standard based on the successful LEDES 98B standard, previously tested and released by the U.K.-based Legal IT Innovators innovators people who will try new things. early innovators important figures in the farming or client community because they are the leaders in the introduction of new techniques and management systems. Group (LITIG). Global standards for data exchange allow corporations to receive law firm invoices electronically and to review, approve or reject, and pay these invoices much more quickly while streamlining the invoice handling process. It is expected that the creation of an international standard will enable the international community to maximize the business value of legal electronic invoicing. In addition to his executive committee responsibilities, Mullen will oversee the subcommittee responsible for evaluating the new international standard. The group will collect feedback through February 2006, when the standard is expected to receive full committee approval. About the LEDES Oversight Committee (LOC) The LOC is a voluntary body consisting of representatives from the legal industry. It is the goal of the LOC that LEDES be an open standard which caters to no one organization or group of organizations and that LEDES be the single standard used for all billing within the legal industry. PricewaterhouseCoopers originally developed LEDES but it is now managed by the LOC. To find out more go to http://www.ledes.org. About Bottomline Technologies Bottomline Technologies (NASDAQ: EPAY) is a leading global technology provider of financial Business Process Management (fBPM) solutions. Bottomline's comprehensive fBPM offerings enable 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 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 at www.bottomline.com, or dial (800) 243-2528 or (603) 436-0700. Bottomline Technologies, Legal eXchange and the BT logo are registered trademarks of Bottomline Technologies, Inc. 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 February 2005 and any recently filed Form 8K's. |
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