Science & Technology
Science and Technology
Science and Technology
Fri, September 23, 2011
Thu, September 22, 2011
Bottomline Announces Cross-Border Electronic Invoicing
PORTSMOUTH, N.H.--([ BUSINESS WIRE ])--Bottomline Technologies (NASDAQ: EPAY) today announced it has gone live with a secure, real-time solution for sending and receiving invoices electronically via the global SWIFT network. E-invoicing presents a significant opportunity for banks and their corporate customers to streamline paper-laden processes and reduce costs while increasing visibility into the financial supply chain.
"Bottomline is uniquely positioned to facilitate e-invoicing"
UK-based Bottomline customer Spirax Sarco is leveraging Bottomlinea™s SWIFT Access Service to exchange e-invoices via SWIFT with a Finnish customer. This is the first time that the SWIFT network has been used for the automated exchange of invoices between buyer and supplier through their service providers. Unlike using SWIFT for payments, with the right service provider and banking partnerships, corporates who are not SWIFT members can leverage SWIFTa™s new e-invoicing standards and network.
aBottomline is uniquely positioned to facilitate e-invoicing,a said Eric Campbell, CTO. aThis implementation demonstrates how collaboration between banks, their customers and industry providers can create true cross-border invoicing solutions utilizing standards supported by SWIFT, creating a win for all contributing parties. Banks who participate can create and sustain a competitive advantage and drive new revenue streams.a
Editorial Note: Bottomline will be exhibiting in booth #L117 at Sibos, Sept. 19-23, 2011 in Toronto. For more information or to arrange an on-site meeting, please contact Heather Bridges at [ hbridges@bottomline.com ] or visit [ www.bottomline.com/sibos ]. Join Bottomlinea™s Marcus Hughes at 11:00 am today in Community Room 3 for aE-Invoicing a" Banks and Non-Banks Pushing for Interoperabilitya.
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 Bottomline Technologies 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, 2011 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.
