Bottomline Technologies Announces Successful Implementation of Legal Spend Management Solution
Leading Insurer Looks to Bottomline (EPAY) for Its Industry Expertise and Innovative Technology
PORTSMOUTH, N.H.--(BUSINESS WIRE)-- Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice and banking solutions, today announced the successful implementation of Legal eXchange®, Bottomlines legal invoice automation solution, as a tool to assist Nationwide Mutual Insurance Company (Nationwide) with their efforts to effectively and appropriately pay for necessary legal services.
We chose Bottomline as a partner for three simple reasons, said Joseph Centanni, Vice President of Claims, Nationwide. Most importantly, we required a responsive and consultative partner who would help us to efficiently and appropriately manage our legal spend. And, as a very complex business, we needed a highly configurable solution. Last but not least, we were looking to partner with an established industry leader. Bottomline checked all those boxes.
Supported by a network of more than 11,000 law firms, Legal eXchange helps many of the nations leading property and casualty insurers to invoice, budget and report on their outside legal counsel via the Web. Extremely customizable, Legal eXchange complements customers existing claims and payment systems and includes powerful reporting tools that provide insurance claims departments insight into real-time claims and billing data, increasing oversight over legal spend and improving litigation management processes. The intended results are greater efficiency and better litigation time and spend management.
We couldnt be more pleased to call Nationwide a partner, said John Kelly, General Manager, Legal Solutions, Bottomline Technologies. Nationwides drive for innovation as a market leader fuels our own quest for excellence, positioning us for mutual success.
Nationwide Mutual Insurance Company, based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poors. The company provides customers a full range of insurance and financial services, including auto insurance, motorcycle, boat, homeowners, pet, life insurance, farm, commercial insurance, annuities, mortgages, mutual funds, pensions, long-term savings plans and specialty health services. For more information, visit www.nationwide.com.
Nationwide, the Nationwide frame mark, and On Your Side are service marks of Nationwide Mutual Insurance Company.
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) provides cloud-based payment, invoice and banking solutions to corporations, financial institutions and banks around the world. The companys 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, 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, Legal eXchange 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.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including but not limited to statements containing the words will, believes, plans, anticipates, expects, look forward, 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 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, 2012 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.
Lara Mataac, 603-501-6371
Source: Bottomline TechnologiesCopyright Business Wire 2012