Receives SSAE 16 Audit Accreditation from the Auditing Standards Board
Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice and banking solutions, today announced that it has been awarded a further accreditation from SWIFT, becoming the SWIFT Business Partner for UK, Ireland and the Channel Islands. The award makes Bottomline one of the most highly accredited SWIFT Partners worldwide and builds on its already strong relationship with SWIFT.
With only nine SWIFT Business Partners across the world, SWIFT views its partners as a natural extension to their business, acting on behalf of SWIFT to provide tailored expert solutions in areas such as payments, securities, trade and treasury; and functional areas such as applications, connectivity and services. Bottomline is uniquely placed as a SWIFT partner, through its expertise in banking, payments and document processing to offer extended services which complement the range of SWIFT products and enable its customers to achieve further operational efficiencies, helping deliver enhanced profitability.
Bottomline has a long-standing, strategic relationship with SWIFT and has received a range of SWIFT accreditations and accolades over many years. Bottomline was the first accredited SWIFT Service Bureau, and it was the first ever company to receive the SWIFT Ready Connectivity Best Practice Service Bureau. Bottomline also has the SWIFT Ready Application Corporate Cash Management accreditations.
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Alain Raes, Chief Executive, EMEA and Asia Pacific, SWIFT, comments, “We are delighted to welcome Bottomline into our SWIFT Business Partner program. This development builds on and recognizes the long-standing and successful relationship between our companies. Bottomline’s in-depth knowledge and expertise of SWIFT solutions, combined with its position in the marketplace, will enable an important section of our customer base to maximize the value of the products and services we offer, thus bringing enormous benefits to the SWIFT community.”
“Bottomline’s recognition as a SWIFT Business Partner is further evidence of our strategic relationship with SWIFT, our domain expertise and our ability to complement the SWIFT product portfolio with our own services and solutions,” said Nigel Savory, Managing Director EMEA at Bottomline Technologies. “This endorsement further strengthens our relationship with SWIFT and over the next three years both organizations will be working together on a number of new initiatives and strategic opportunities that will help our joint customers maximize their investment in SWIFT infrastructure.”
Bottomline’s reputation for helping streamline customers’ businesses was further enhanced recently following its SSAE 16 audit accreditation from the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA). This is another significant accreditation for Bottomline which underlines the company’s adherence to IT process and control excellence. The SSAE 16 accreditation further validates Bottomline’s strength in providing solutions for the SWIFT community.
SWIFT is the global provider of secure financial messaging services with more than 10,000 banks, securities institutions and corporate customers in 212 countries and territories trusting SWIFT to exchange millions of standardized financial messages every day. SWIFT’s services enable its customers to automate and standardize financial transactions thereby lowering costs, reducing risk and eliminating efficiencies from their financial operations.
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) provides cloud-based payment, invoice and banking solutions to corporations, financial institutions and banks around the world. The company’s solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents. Organizations trust Bottomline 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
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,000 financial institutions and corporations in 212 countries and territories. SWIFT enables its users to exchange automated, standardized financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.
For more information, please refer to the SWIFT website http://www.swift.com
Bottomline Technologies and the Bottomline Technologies logo are trademarks of Bottomline Technologies (de), Inc. which may be registered in certain jurisdictions. All other brand/product names may be trademarks of their respective owners.
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 our expectations as a result of various important factors, including but not limited to competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of these and other factors that could impact our operational and financial results, refer to our filings with the Securities and Exchange Commission, including our Form 10-K for the fiscal year ended June 30, 2012 and subsequent filings. Any forward-looking statements represent our views only as of today and we do not assume any obligation to update such statements.