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Bottomline Announces New Electronic Invoicing Service over SWIFT Network for Non-SWIFT Members

^{Published on 2011-05-18 12:10:41 - Market Wire}
 

PORTSMOUTH, N.H.--([ BUSINESS WIRE ])--Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the global provider of secure financial messaging services, has approved Bottomline to send and receive electronic invoices as a service provider over the SWIFT network. This recognition enables new capabilities for Bottomlinea™s [ SWIFT Access Service ] by permitting the transfer of electronic invoicing (e-invoicing) messages across the worlda™s largest financial messaging network.

"We believe this collaboration will help us drive market adoption of this international project."

E-invoicing allows corporations and their suppliers to realize dramatic savings by eliminating manual, paper-based processes and to significantly improve cash visibility. By connecting [ Paymode-Xa" ], Bottomlinea™s business to business payments and invoicing network, to SWIFT, banks can send and receive e-invoices on behalf of any non-SWIFT members that are part of the Paymode-X network, opening up new opportunities for supply chain financing.

"We are delighted to see Bottomline, a valued SWIFT partner, demonstrate its commitment to playing a key role in SWIFT's e-invoicing initiative," said Andr© Casterman, Head of Trade and Supply Chain at SWIFT. "We believe this collaboration will help us drive market adoption of this international project."

aWe are extremely pleased that our SWIFT connectivity solutions have achieved this recognition,a said [ Eric Campbell ], Chief Technology Officer at Bottomline Technologies. aMore than ever, our corporate and banking clients look to Bottomline for the most innovative solutions to help provide access to all the benefits SWIFT has to offer. By connecting our solutions and services with the SWIFT network, we hope to drive additional value for our customers and their trading partners around the world.a

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.