DGAP-News: Bottomline Technologies Announces Next Generation Paymode-X(R) Platform
(firmenpresse) - DGAP-News: Bottomline Technologies, Inc. /
Bottomline Technologies Announces Next Generation Paymode-X(R)
Platform
05.12.2013 / 15:30
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Expanded Functionality Drives Vendor Adoption and Network Expansion
PORTSMOUTH, N.H., 2013-12-05 15:30 CET (GLOBE NEWSWIRE) --
Bottomline Technologies (Nasdaq:EPAY), a leading provider of cloud-based
payment, invoice and banking solutions, today announced general availability of
Paymode-X 2.0 - Vendor View, the first in a series of next generation platform
features delivering a unique, unified and rich user experience. Paymode-X, the
largest and fastest growing settlement network, enables Payers to migrate from
paper to electronic payments and invoicing while providing Vendors with faster
payment and rich electronic remittance data. Serving more than 230,000 members
and processing more than $130 billion annually in spend, Paymode-X is quickly
becoming the means by which businesses prefer to pay and get paid.
Paymode-X 2.0 takes the network to the next level while continuing to provide
the unparalleled security and stability businesses have come to rely on. With
Paymode-X 2.0, members can monitor upcoming payments, display payments data
graphically or in list views, navigate to payment detail through a single click
and connect directly with Payers to obtain additional payment information.
Offering a complete turnkey solution, Paymode-X onboarding services drive
vendor enrollment, validation of bank and account information and ensure that
critical payment information is kept accurate and current throughout the
lifetime of the relationship.
'Paymode-X is unique in its ability to facilitate the exchange of financial
information between payers and vendors, carry out the settlement, and provide
critical information related to those transactions all in a user friendly and
intuitive format. By providing comprehensive services, automating processing
and reducing manual intervention, Paymode-X supports straight-through
processing (STP). Our members are able to reduce and even eliminate resource
intensive activities, which contributes to cost reduction and processing
consistency,' said Jessica Pincomb Moran, Vice President Client Services for
Bottomline.
Paymode-X is a cloud-based solution that eliminates the expense of hardware
installation and hassle of upgrade fees. Its robust file-mapping capabilities
ensure integration with existing ERP and financial systems, dramatically
reducing the implementation and support burden on IT. Paymode-X is also
bank-neutral -- debiting or crediting accounts at any bank -- so both Payer and
Vendor can maintain their existing relationships.
Paymode-X is currently welcoming Xign customers with a special migration
program. Bottomline's program plan and migration tools are designed to ensure a
fast and seamless transition. Paymode-X takes a collaborative approach to
ensure implementation success. Our modular solution helps companies tackle
automation in a way that fits their needs, integrating smoothly with existing
back-office systems and bank relationships, which makes it easy to transition
from other solutions.
For more information on Bottomline's Paymode-X platform, please visit
http://www.paymode-x.com.
About Bottomline Technologies
Bottomline Technologies (Nasdaq:EPAY) provides cloud-based payment, invoiceand
banking solutions to corporations, financial institutions and healthcare
organizations around the world. The company's solutions are used to streamline,
automate and manage processes involving payments, invoicing, global cash
management, supply chain finance and transactional documents. Organizations
trust Bottomline to meet their needs for cost reduction, improved operating
efficiencies, 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 are trademarks of their respective holders.
This press release may contain 'forward-looking statements' within the meaning
of the Private Securities Litigation Reform Act of 1995, including statements
reflecting our expectations about our ability to execute on our growth plans.
Any statements that are not statements of historical fact (including but not
limited to statements containing the words 'believes,' 'plans,' 'anticipates,'
'expects,' 'look forward', 'confident', 'estimates' and similar expressions)
should be considered to be forward-looking statements. Actual results may
differ materially from those indicated by such forward-looking statements as a
result of various important factors including, among others, 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'
operational and financial results, refer to our Form 10-K for the fiscal year
ended June 30, 2013 and any subsequently filed Form 10-Q's and Form 8-K's 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.
Media Contact:
Deidre Moore
603-501-5191
dmoore(at)bottomline.com
News Source: NASDAQ OMX
End of Corporate News
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05.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Bottomline Technologies, Inc.
United States
ISIN: US1013881065
End of News DGAP News-Service
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243415 05.12.2013
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