Science & Technology 
Science and Technology
Science and Technology 
Wed, February 25, 2009
Tue, February 24, 2009
Vulcan Materials Company?s Use of Bottomline?s Legal eXchange" Platform Recognized by Law Technology News
PORTSMOUTH, N.H.--([ BUSINESS WIRE ])--Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative [ payment, invoice and document automation solutions ], today announced that its customer, Vulcan Materials Company, has been named a Law Technology News Technology Award winner for its use of Legal eXchange to accelerate law firm invoice review cycles and optimize legal spend management processes.
Now in its sixth year, Law Technology News' Technology Awards honor law firms and in-house legal departments that have demonstrated leadership, creativity and innovation in using technology to meet challenges and serve clients.
Since implementing Legal eXchange in 2007, Vulcan's in-house legal team has been able to transform invoice management processes by establishing a centralized, electronic bill review for all legal invoices. The dramatic reduction in paper invoice volume has not only accelerated approval cycles but provided greater insight into overall legal spend. By building some of its billing guidelines into the process, Vulcan has been able to ensure greater compliance with pre-determined billing guidelines.
"We are very pleased to be recognized by Law Technology News because this award acknowledges the success we've had in meeting our goal to better evaluate and control outside legal fees," said Norman Jetmundsen, Jr., Assistant General Counselof Vulcan. "Our choice of a technology vendor was an important factor in reaching this goal. Throughout the entire process Bottomline proved to be a true partner, leveraging its expertise and working in conjunction with our in-house team to ensure the project's success."
Legal eXchange is relied on to provide the visibility and control necessary to drive strategic decisions regarding legal expense management and 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, Legal eXchange's comprehensive functionality enables users to work collaboratively with outside counsel, increase process efficiencies and improve case handling strategies.
"To see Vulcan Materials Company recognized for its achievements using Legal eXchange is a source of tremendous pride for our organization," said Tom Gaillard, Senior Vice President and General Manager of Bottomline Technologies. "Increasing visibility into, and control over, legal spend is a priority for many in-house legal teams, and Vulcan's approach is a model others can emulate."
About Vulcan Materials Company
Vulcan Materials Company, a member of the S&P 500 index, is the nation's largest producer of construction aggregates, a major producer of asphalt mix and concrete and a leading producer of cement in Florida. For additional information see [ www.vulcanmaterials.com ].
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, Legal eXchange and the BT logo are trademarks of Bottomline Technologies (de), 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 February 2009 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.