Profile: Bottomline Technologies (de), Inc. (EPAY.O)

Bottomline Technologies (de), Inc. (Bottomline) provides electronic payment, invoice and document management solutions to corporations, financial institutions and banks worldwide. The Company’s solutions are used to streamline, automate and manage business critical daily processes and transactions involving global payments, invoice receipt and approval, collections, cash management, risk mitigation, document management, reporting and document archive. It offers software designed to run on-site at the customer’s location, as well as hosted solutions. It provides software as a service (SaaS) offerings that receive, manage and control invoices, payment processes and the related spend management for insurance companies and other large consumers of outside legal services. Its offerings also include software solutions that banks use to provide Web-based payment and reporting capabilities to their corporate customers. Bottomline operates in three segments: Payments and Transactional Documents, Banking Solutions and Outsourced Solutions.

Payments and Transactional Documents

The Company’s Payments and Transactional Documents segment is a supplier of software products that provide a range of financial business process management solutions including making and collecting payments, sending and receiving invoices, and generating and storing business documents. This segment also provides a range of standard professional services and equipment and supplies that complement and enhance the Company’s core software products.

Banking Solutions

The Banking Solutions segment provides solutions that are specifically designed for banking and financial institution customers. These solutions typically involve longer implementation periods and a significant level of professional resources. Periodically, the Company licenses these solutions on a subscription basis.

Outsourced Solutions

The Outsourced Solutions segment provides customers with outsourced and hosted solution offerings that facilitate invoice receipt and presentment and spend management. The Company’s Legal eXchange solution provides the opportunity to create more efficient processes for managing invoices generated by outside law firms, while offering access to legal spend factors, such as budgeting, expense monitoring and outside counsel performance. This segment also incorporates the Company’s hosted and outsourced accounts payable automation solutions.

The Company competes with Adobe, StreamServe, Xerox, Sungard, MHC Associates, ACOM Solutions, Microgen, Albany Software Ltd., Experian Group, Ltd, JP Morgan Chase, BasWare, 170 Systems, S1 Corporation, CoCoNet Corporation, Clear2Pay, Fundtech, ACI Worldwide, Dovetail Software, Inc., Infosys Technologies Limited, Oracle Financial Services Software Limited, Serengeti Law, DataCert, CT TyMetrix, LexisNexis CounselLink and Allegient Systems.