08.05.2008 14:53:00
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Bottomline Ranked Among Top Technology Providers to Insurance Industry for Second Consecutive Year
Bottomline Technologies (NASDAQ: EPAY), a leading provider of
collaborative payment, invoice and
document automation solutions, today announced that research
advisory firm Financial Insights, an IDC company, and Tech Decisions
have named the company to the 2008 Insurer’s
Choice, an annual ranking of the top technology providers serving the
insurance industry.
Based on the input of more than 600 professionals from the nation’s
property & casualty and life & health insurers, the Insurer’s
Choice highlights technology providers that contribute the most value
toward meeting insurance company objectives. For 2008, Bottomline was
identified by insurers as a preferred vendor in six of the survey’s
nine categories, including analytics, workflow, financials and
operations.
"To help insurers leverage technology to
achieve their strategic business goals not only requires innovative
solutions, but an acute understanding of the challenges and
circumstances unique to the insurance industry,”
said Rob Eberle, President and CEO of Bottomline Technologies. "It’s
this combination of technology and domain expertise that has enabled us
to help some of the world’s most respected
insurers enhance the value they derive from the processes central to
electronic payments, transactional documents and legal spend management.”
Insurers use Bottomline solutions such as the WebSeries® enterprise
payments platform to streamline claims
payment processes and reduce exposure to fraud, and its legal
spend management solution Legal eXchange™
to work more collaboratively with outside counsel to proactively manage
litigation costs and reduce indemnity. Among the company’s
insurance customers are a growing number of the nation’s
leading property & casualty insurers, including MetLife, Safeco and PMA
Insurance Group.
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 and
transactions involving global payments, invoice approval,
purchase-to-pay, collections, cash management and document process
automation. 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, WebSeries, Legal eXchange and the BT logo are
trademarks of Bottomline Technologies, 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 2007, Form 10-Q filed February 2008
and any recently filed Form 8-K's. 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.
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