N@N

Standard Life Selects Bottomline Technologies for SWIFT Connectivity

^{Published on 2011-05-31 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 announcedthat Standard Life has selected Bottomline to provide SaaS-based connectivity to the SWIFT Network for exchanging financial messages to minimize operational risk, improve efficiency and reduce costs.

"We look forward to working with Bottomline as our SWIFT Access Service provider. They not only understand the technical aspects of SWIFT, but have deep expertise in treasury and cash management services, so they know our business challenges a' and how to overcome them."

Bottomlinea™s SWIFT Access Service offers connectivity to the SWIFT network, helping corporations and financial institutions to streamline their payments processes and achieve lower costs, improve straight-through processing, tighten security and lessen operational risk in their cash management strategy. As a cloud-based SaaS solution, the platform brings rapid implementation and return on investment without requiring the customer to host software, develop costly internal infrastructure or hire internal SWIFT experts.

A leading long term savings and investments company with approximately 6 million customers around the world, Standard Life leverages the SWIFT network to exchange financial information including payment instructions, cash reporting and other messages related to financial transactions, with their banks and counterparties around the world. Having previously hosted their own SWIFT infrastructure, Standard Life selected Bottomline for their technical expertise and deep understanding of SWIFT connectivity and proven infrastructure.

aWe are excited to build upon our long history with Bottomline. For years we have worked with the companya™s experienced SWIFT consultants to ensure that our SWIFT operations ran smoothly,a said Scott Innes, technical solutions designer at Standard Life. aWe look forward to working with Bottomline as our SWIFT Access Service provider. They not only understand the technical aspects of SWIFT, but have deep expertise in treasury and cash management services, so they know our business challenges a' and how to overcome them.a

aOur suite of treasury and cash management solutions, including SWIFT Access Service, helps customers streamline their payments processes, increase efficiency and cut costs,a said Nigel Savory, managing director of Bottomline Technologies, Europe. aWe look forward to partnering with Standard Life to help them achieve these initiatives.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 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.