Implementation Reduces Department’s Payment-Related Processing Costs; Meets Deadline for New Electronic Payments Initiative
READING, UK – 25th May 2005 – Bottomline Technologies (NASDAQ: EPAY), a leading global technology provider of financial Business Process Management (fBPM) software and managed services, today announced that the South Yorkshire Police has selected the company’s PayBase® payment automation solution to support electronic BACSTEL-IP payments. The South Yorkshire Police is the thirteenth largest of the 44 police forces within England, Wales and Northern Ireland.
PayBase provides mid- to large-size organisations with a single, secure platform for managing payments, cheques and remittances electronically. The decision by South Yorkshire Police to select PayBase ensures that the department will be prepared to meet the 31 December 2005 BACSTEL-IP migration deadline. In addition to selecting PayBase for its payroll needs, South Yorkshire Police will further decrease payments-related processing costs by outsourcing cheque, payslip and P60 management.
“The BACSTEL-IP migration deadline impacts both private and public sectors. As a result, we continue to see an increase in demand for Bottomline solutions from a wide range of local and national organisations like the South Yorkshire Police,” said David Jewell, General Manager, Business Solutions Division at Bottomline Technologies. “PayBase provides a scaleable starting point for all organisations not only looking to automate payment processes for cost reduction, but also to achieve rapid compliance with the BACS initiative.”
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 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, the BT logo and PayBase 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.
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, 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 10K filed September 2004, Form 10Q filed May2005 and any recently filed Form 8K's.
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