Bottomline Technologies Named IBM Advanced Partner; Bottomline and IBM Join Forces to Deliver Better Control and Reduced Financial Transaction Costs for their Mutual Customers.

Business Editors/High-Tech Writers

PORTSMOUTH, N.H.--(BUSINESS WIRE)--April 1, 2003

Bottomline Technologies(R) (Nasdaq: EPAY), a leading global provider of disbursement, collections and banking solutions software, today announced that it has been named an IBM Advanced Partner. Together Bottomline and IBM will deliver improved financial transaction capabilities at lower costs with better visibility and control across the enterprise.

Bottomline Technologies is a provider of payment, billing, treasury management and banking solutions software that enable customers to streamline their financial transactional processes to improve performance and cut costs, leveraging the Internet. Described by the company as Financial Resource Management (FRM), Bottomline's solutions extend and link the technology infrastructure already in place, consolidating disparate financial data sources to provide a single view across their enterprise for improved fiscal control.

"Bottomline is delighted to be working closely with IBM. Coupled with their stellar reputation and in-depth industry expertise, IBM will bring us customer opportunities we would not otherwise have," said Joe Mullen, president and chief executive officer of Bottomline Technologies. "Our partnership with IBM confirms our technology and domain expertise and will allow us to accelerate our growth in new and existing markets."

"Bottomline Technologies is an established leader in the payments, collections, treasury and banking software marketplace. Their unique technology, experience, and domain expertise in financial transaction management provide a valuable approach to solving our customers' cash management and treasury needs," said Bob Mackman, Global Executive Treasury and Cash Management Solutions for the Financial Service Sector of IBM. "Effectively consolidating cash flow management techniques and giving senior management real-time visibility into corporate financial health requires sophisticated and proven technologies. Bottomline's financial resource management software solutions enable IBM to deliver high caliber solutions that satisfy our customers' needs."

With this partnership, mutual customers will benefit from the best of both in expertise and best practices knowledge-base along with the technology to lower financial transaction costs, improve enterprise-wide processes and visibility while enhancing security and fiscal control.

About IBM

With 80 years of leadership in helping businesses innovate, IBM is the world's largest information technology company. IBM is a leading provider of e-business solutions and is dedicated to helping companies, Business Partners and developers leverage the potential of the Internet and network computing across a wide range of businesses and industries. The company offers a host of cross-industry and industry specific solutions designed to meet the needs of companies of all sizes. For more information on IBM, please visit: www.ibm.com/mediumbusiness.

About Bottomline Technologies

Bottomline Technologies (Nasdaq: EPAY) is a leading global technology provider of Financial Resource Management (FRM) solutions. Bottomline's comprehensive set of FRM offerings enables businesses and financial institutions to more effectively manage their critical financial transactions, cash decisions and trading partner relationships, leveraging the Web. FRM applications include Electronic Payments and Cash Management, Electronic Invoice Receipt and Management, Electronic Invoice Presentment and Payment (EIPP), Electronic Banking and Information Reporting. Founded in 1989, 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 [phone] or [phone].

Cautionary Language

This press release may contain forward-looking statements 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 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 2002, Form 10Q filed February 2003 and any recently filed Form 8K's.