Company selected as “Greatest Global Success” and “Vendor to Watch”
Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice and banking solutions, today announced that it was selected for the “Greatest Global Success” and “Vendor to Watch” awards by Aite Group in its 2012 Cash Management Vendor Analysis. Aite Group is an independent research and advisory firm focused on the financial services industry.
Aite Group selected Bottomline for the “Greatest Global Success” award based upon Bottomline’s numerous deployments of WebSeries®, Bottomline’s industry-leading cash management solution for advanced payment and reporting, outside the United States, making it the most global of the U.S. cash management vendors surveyed for the report. The report notes that Bottomline offers strong global capabilities and knowledge and has a number of financial institution customers that have extended their usage of the WebSeries platform around the globe.
Bottomline was also chosen by Aite as a “Vendor to Watch” for 2013 due to its acquisition of the commercial banking business of Intuit, Inc., which positions the company as a provider of cash management solutions for financial institutions of all sizes.
“Cash management and the technologies that support it continue to be a high area of focus for financial institutions,” says Christine Barry, research director at Aite Group. “New corporate customer demands and expectations are also driving new deployments and technological enhancements. With its global reach and its focus on serving as a partner to a wide range of financial institutions, Bottomline is a “Vendor to Watch” in the coming months.”
“We are very pleased to receive this recognition by Aite Group,” said Norm DeLuca, Managing Director of Global Banking and Financial Services at Bottomline. “This selection demonstrates that we are executing on our goal of providing innovative, feature-rich solutions to customers of all sizes, from small community banks to large global financial institutions.”