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Bottomline Technologiesa? Order-to-Pay Network Now Over 125,000 Suppliers Strong

^{Published on 2010-10-21 07:17:30 - Market Wire}
 

PORTSMOUTH, N.H.--([ BUSINESS WIRE ])--Bottomline Technologies (NASDAQ: EPAY) today announced that Paymode-Xa", its electronic order-to-pay network for business, has added its 125,000th supplier. The scale of the network allows Paymode-X customers to realize an immediate return on their investment with more than a third of their strategic suppliers already enrolled and able to invoice and receive payments electronically through Bottomlinea™s order-to-pay solution.

"Bottomline is continuing to invest in this platform as we bring new and advanced capabilities to market. We look forward to helping more customers optimize their working capital and take advantage of the cost-savings and environmental benefits associated with making and receiving electronic payments."

For [ Paymode-X customers ], the solution automates accounts payable workflows including invoice receipt, review and approval processes and enables electronic payments to the more than 125,000 suppliers on the network. Removing paper from the payments process allows customers to optimize their working capital by gaining better visibility into their supply chain and cash flows, reducing costs and increasing efficiencies.

For suppliers, enrollment in the Paymode-X network means access to electronic invoicing and approval processes, plus the ability to receive electronic payments and rich remittance information. This functionality streamlines the receivables process, increases predictability of cash flow and enables access to remittance data.

aThe scale of the Paymode-X network allows organizations to revolutionize their payments and receivables process,a said Rob Eberle, Bottomlinea™s president and CEO. aBottomline is continuing to invest in this platform as we bring new and advanced capabilities to market. We look forward to helping more customers optimize their working capital and take advantage of the cost-savings and environmental benefits associated with making and receiving electronic payments.a

Doing away with paper processes not only presents opportunities for business benefits, but allows organizations to reduce their environmental impact. Paper, and the processes around it a' manufacturing, storage, pick-up and disposal along with the file cabinets, ink and toner that make paper work a' cause tons of carbon emissions. For more information on Paymode-X, visit [ www.paymode-x.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 companya™s solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents. 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, Paymode-X and the BT logo are trademarks of Bottomline Technologies (de), Inc. which may be registered in certain jurisdictions. All other brand/product names may be trademarks of their respective owners.

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 for the fiscal year ended June 30, 2010 and any subsequently filed Form 10-Qs, Form 8-Ks or amendments thereto. 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.