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Bottomline Technologies Announces Partnership with QAD

^{Published on 2008-12-16 09:48:54 - Market Wire}
 

PORTSMOUTH, N.H.--([ BUSINESS WIRE ])--Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced a partnership agreement with QAD, a leading provider of enterprise software and services, offering its transactional document automation solutions to thousands of QAD customers in North America.

QAD's solutions provide the functionality manufacturing companies need to manage resources and operations. In choosing to deploy Bottomline's transactional document automation solutions, QAD users gain an alternative to custom programming often required to transform the efficiency and reduce the costs of creating and distributing standard ERP output such as invoices, purchase orders, bills of lading and payments.

"Faced with growing pressure to contain costs, operate as efficiently as possible and strengthen customer relationships, our customers are increasingly looking to make everyday transactional documents a more strategic component of their business," said Gordon Fleming, Chief Marketing Officer, QAD. "By partnering with Bottomline, we're providing our users with the opportunity to deploy best-in-class functionality for document process automation, which will enable them to accelerate the transition from paper to electronic and extend the value of their investment in our ERP platforms."

Bottomline's award-winning [ document process automation ] solutions allow organizations to streamline business processes that rely heavily on paper-based documents. By automating the composition, routing, delivery and storage of transactional documents, users can operate more efficiently and cost-effectively. Integrating with industry-leading ERP systems, Bottomline's solutions enable users to deliver electronic documents across multiple communication channels.

"Through the combination of our solution functionality and domain expertise, we've established a reputation for helping companies achieve the return on investment they seek from their transactional document processes," said Rick Bell, Senior Vice President and General Manager, Bottomline Technologies. "Organizations standardized on QAD face many of the same challenges related to transactional documents as users of other ERP systems, and we believe we will be able to deliver a similar level of customer value to this new group of users."

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 of working capital. Headquartered in the United States, Bottomline also maintains offices in Europe and Asia-Pacific. For more information, visit [ www.bottomline.com ].

Bottomline Technologies 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" within the meaning of the Private Securities Litigation Reform Act 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 and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies' financial results, refer to the Company's Form 10-K filed September 2008, Form 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.