Profile: Bottomline Technologies (DE) Inc (EPAY.OQ)
Bottomline Technologies (DE) Inc., formerly Bottomline Technologies (de), Inc., provides cloud-based payment, invoice and banking solutions to corporations, insurance companies, financial institutions and banks worldwide. The Company's solutions are used to streamline, automate and manage processes and transactions involving global payments, invoice receipt and approval, collections, cash management, risk mitigation, document management, reporting and document archive. It offers hosted or Software as a Service (SaaS) solutions, as well as software designed to run onsite at the customer’s location. It offers SaaS-based legal spend management solutions that automate receipt and review of legal invoices for insurance companies and other corporate consumers of outside legal services. The Company operates a cloud-based network that facilitates the exchange of electronic payments and invoices between buyers and their suppliers. The Company also offers solutions that banks use to provide cash management and treasury capabilities to their business customers. The Company's document automation solutions are used by organizations to automate paper-intensive processes for the generation of transactional and supply chain documents. The Company operates in three segments: Payments and Transactional Documents, Banking Solutions and Outsourced Solutions. On November 10, 2011, it acquired IDT Ltd. On November 30, 2011, the Company acquired substantially all of the assets and assumed certain liabilities of Logical Progression Group, Inc. In August 2013, Bottomline Technologies (de), Inc. announced the acquisition of Sterci SA .
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 professional services and equipment. This segment incorporates its check printing solutions in Europe, revenue for which is recorded on a per transaction basis or ratably over the expected life of the customer relationship.
The Banking Solutions segment provides solutions that are designed for banking and financial institution customers. The Company's transaction banking solutions involve longer implementation periods and a level of professional services. The Company licenses these solutions on a subscription basis. The Company's commercial banking products are SaaS offerings focused predominantly on medium-sized and small banks and financial institutions, and revenue for these products is typically recognized on a subscription or transaction basis or ratably over the estimated life of the customer relationship.
The Outsourced Solutions segment provides customers with outsourced and hosted SaaS offerings that facilitate electronic payment, electronic invoicing, and spend management. The Company's legal spend management solutions, which enable customers to create processes for managing invoices generated by outside law firms while offering insight into important legal spend factors such as expense monitoring and outside counsel performance, are included within this segment. This segment also incorporates the Company's hosted and outsourced payments and accounts payable automation solutions, including Paymode-X and SWIFT Access Service. Revenue within this segment is generally recognized on a subscription or transaction basis or ratably over the estimated life of the customer relationship.
The Company provides professional services for installation, training, consulting and product enhancement. Its products and services include Banking Solutions, Legal Spend Management, Settlement Network Solution, Payment and Document Automation, Healthcare Solutions, SWIFT Solutions, Professional Services and Equipment and Supplies.
The Company's cash management and treasury platforms enable banks of all sizes to offer their customers a host of capabilities including ACH and BACS payments, wires, international payments, check production, balance and information reporting and other features that facilitate enterprise wide cash management. Its legal spend management solutions integrate with claims management and time and billing systems to automate legal invoice management processes and to provide insight into all areas of a company's outside legal spend. Its Paymode-X is a business-to-business electronic settlement network. The solution accelerates corporations' transition from paper to electronic transactions, helping them streamline processes.
The payments automation capabilities inherent in the Company's WebSeries and C-Series solutions generates a variety of domestic and international payment instructions along with consolidated bank reporting of cash activity. The Company also offers a number of solutions built on its Transform platform for automating a wide variety of business documents and supply chain processes as well as related Web-based delivery and document archive. The Company's products offer advanced design, output formatting and delivery capabilities to replace paper-based forms. The Company's solutions for advanced forms management (Transform for Healthcare and MedEx), mobile documentation (Logical Ink), workflow automation (Inprotica) and payments allow healthcare organizations to improve business efficiencies.
The Company's SWIFT Access Service makes it easy to connect to the SWIFT network where corporations can exchange financial information including payment instructions, cash reporting and other messages related to financial transactions with their banks and counterparties around the world. The Company provides consulting, project implementation and training services to its clients. The Company offers consumable products for laser check printing, including magnetic inks character recognition toner and blank-paper check stock. The Company also provides printers and printer-related equipment, primarily through arrangements with its hardware vendors, to complement its software product offerings.
The Company competes with ACI Worldwide, Fundtech, Clear2Pay and Polaris Software, Dovetail Software, Infosys Technologies, CoCoNet, Oracle Financial Services Software (i-flex), Serengeti Law, DataCert, CT TyMetrix, LexisNexis CounselLink, Mitratech, Legal Solutions Group, Computer Sciences Corporation (CSC), JP Morgan's Business Settlement Network, Sungard, Syncada, Adobe, StreamServe, AP Technologies, PaySpan, Inc., MHC Software, ACOM Solutions, Microgen and Experian, Oracle, BasWare, Kofax, Open Text, ReadSoft, IonTrading and Image Information Systems, Inc. (DocuSphere).
Bottomline Technologies (DE) Inc
325 Corporate Drive
PORTSMOUTH NH 03801