Skip navigation
Skip navigation
You are using an outdated browser. Please upgrade your browser.

Bottomline–Powered BACSTEL-IP Solution Enables Insurance Brokerage Firms
to Meet Migration Deadline

READING, ENGLAND – 25th April 2005 - Bottomline Technologies (NASDAQ: EPAY), a leading global technology provider of financial Business Process Management (fBPM) software and managed services today announced a partnership with Sectornet Ltd to provide Bottomline-powered BACSTEL-IP payment and collection services to insurance brokers in the UK.

With the 31 December 2005 BACS migration deadline less than nine months away, organisations across all industries are actively seeking BACS-compliant fund transfer options. Through this partnership, Sectornet’s customers will be able to utilise Bottomline’s market leading BACSTEL-IP subscription service to meet the migration deadline and realize significant cost savings through new levels of automation and process efficiency.

“Migrating to the new BACS standard is a major priority for our customers, and we are pleased to be partnering with the market leader for BACSTEL-IP services,” said John Lipscomb, Managing Director of Sectornet Ltd. “As a result of our partnership with Bottomline, our customers will be able take advantage of process efficiencies long after the BACS deadline has passed.”

“BACSTEL-IP migration is providing organisations in most industries with exciting opportunities to transform the effectiveness of their core financial processes,” said Chris Peck, Group Sales Director for Bottomline Technologies. “We look forward to working closely with Sectornet to deliver streamlined payment and collection services to insurance brokers across the UK.”


*****
About Sectornet Ltd
Sectornet delivers complete technology solutions to insurance brokers and underwriting agencies across the full range of broking activities including the commercial, London market, personal lines and financial services markets. Sectornet was founded in 1976. Since then, years of product enhancement and innovation have enabled the company to develop a range of client solutions that are exceptional in terms of functionality, ease of use, and customer support. The company’s solutions have benefited from continual, sometimes radical, modification and improvement in response to changing market conditions. Today, Sectornet applies the latest technology to deliver leading-edge solutions that are also stable, secure and proven. For more information on Sectornet Ltd, please visit www.sectornet.co.uk.

About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) is a leading global technology provider of financial Business Process Management (fBPM) solutions. Bottomline's comprehensive set of fBPM offerings enables businesses and financial institutions to more effectively manage their critical financial transactions, cash decisions and trading partner relationships, leveraging the Web. Applications include Electronic Payments and Cash Management, Electronic Invoice Receipt and Management, Electronic Invoice Presentment and Payment (EIPP), Electronic Banking, Information Reporting, and Document Output Management. Bottomline maintains its corporate headquarters in Portsmouth, NH and international headquarters in Reading, England. For more information, visit Bottomline on the Web at www.bottomline.com, or dial +1.603.436.0700 or +441189258250.

Bottomline Technologies and the BT logo are registered 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 that involve risks and uncertainties, including statements regarding expected benefits of use of the Company's products and future growth or results. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are competition

Media Contacts:
Kay Westlake
Bottomline Technologies
+44 (0)870 081 8250
pr@bottomline.co.uk

This press release was distributed by ResponseSource Press Release Wire on behalf of Bottomline Technologies Europe Ltd in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.