Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today announced the company has been awarded a top ranking in Global Finance magazine’s ‘Best Treasury and Cash Management Banks and Providers’ for 2008. For the fourth consecutive year, Bottomline has been rated best-in-class in the Best Accounts Payable Services category.
Bottomline’s advanced capabilities for accounts payable automation enable organizations to achieve greater AP efficiency and working capital gains through sophisticated electronic invoice and payments management. Through the visibility improvements and accelerated invoice processing workflow provided by Bottomline’s capabilities, organizations can more effectively control payments and actively pursue early settlement discounts and supply chain finance opportunities.
“Regardless of industry or size, organizations around the globe are increasingly adopting electronic payment and transaction processes,” said Rob Eberle, President and CEO of Bottomline Technologies. “This recognition by Global Finance is indicative of the ongoing value our product portfolio and domain expertise brings to organizations seeking to establish greater operational efficiencies.”
Also recognized by Global Finance as part of this year’s ‘Best Treasury and Cash Management Providers’ in a variety of categories are several financial services organizations such as JPMorgan Chase, Deutsche Bank and HSBC that rely on Bottomline’s product portfolio to power aspects of their treasury and cash management services.
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