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Developed by the American Institute of Certified Public Accountants and recognized internationally, a SAS 70 auditor's report serves as a comprehensive evaluation of the business processes surrounding the hosting and processing of data. As part of the evaluation of Legal eXchange, mission-critical processes including software change management, customer support, and logical and physical security were each shown to have operational integrity as the result of documented, repeatable procedures that ensure consistent and reliable performance. Now a SAS 70 audited solution, Legal eXchange is also hosted in a SAS 70 audited data center, providing users with a further measure of data assurance.
"Within the legal spend management market we believe that insurers and in-house corporate legal departments should expect operational and data safeguards that extend beyond the confines of the data center, which is why we decided to undertake a SAS 70 audit of Legal eXchange," said Tom Gaillard, Senior Vice President and General Manager of Bottomline Technologies. "Our successful completion of this audit further demonstrates Bottomline's singular commitment to providing our clients with the rigorous operational controls today's complex business environment demands."
Relied on to provide the visibility and control necessary to drive strategic decisions regarding legal expense management, Bottomline's Legal eXchange solution is one of the most widely deployed legal spend management solutions today. With 60,000 users and a growing network of more than 6,000 law firms, Legal eXchange's comprehensive functionality enables users to work collaboratively with outside counsel, increase process efficiencies and improve case handling strategies.
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY | Quote | Chart | News | PowerRating) provides collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks around the world. The company's solutions are used to streamline, automate and manage processes and transactions involving global payments, invoice approval, purchase-to-pay, collections, cash management and document process automation. Organizations trust these solutions to meet their needs for cost reduction, competitive differentiation and optimization of working capital. Headquartered in the United States, Bottomline also maintains offices in Europe and Asia-Pacific. For more information, visit www.bottomline.com.
Bottomline Technologies, Legal eXchange and the BT logo are trademarks of Bottomline Technologies, Inc. which may be registered in certain jurisdictions. All other brand/product names are trademarks of their respective holders.
Cautionary Language
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors.Among the important factors that could cause actual results to differ materially from those indicated by such 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 10-K filed September 2008, Form 10-Q filed November 2008 and any recently filed Form 8-Ks. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.
SOURCE: Bottomline Technologies
Bottomline Technologies Billy Balfour, 603-501-5219 bbalfour@bottomline.com
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