BNP Paribas Cash Management and Bottomline Technologies (NASDAQ: EPAY) today announced a partnership that will deliver proven cash management services, SWIFT connectivity and value added services to corporates in the United Kingdom and Ireland.
BNP Paribas will be providing their corporate clients efficient, reliable and secure SWIFT connectivity via Bottomline´s Service Bureau solution. BNP Paribas has been a forerunner in promoting and facilitating SWIFT connectivity for corporate clients. BNP Paribas is the leading bank group worldwide in terms of number of SWIFTNet corporate customers.
Bottomline´s SWIFT Access Service connects corporates to the global banking network through a certified SWIFT service that supports all classifications of inbound and outbound SWIFT messages, standards and formats. Bottomline has one of the largest teams of SWIFT certified professionals in the world and today supports more than 100 institutions with their SWIFT requirements. Bottomline, a SWIFT Regional Partner, recently received SWIFT accreditation for its global cash management solution after rigorous testing and several corporate user endorsements.
Yann Leray, Head of Cash Management, BNP Paribas UK said "We are pleased to announce the partnership with Bottomline Technologies in the UK and Ireland; it brings together two leading providers with complementary products and skill sets." Marie Laurence Faure, Head of Marketing Channel Products, BNP Paribas added, "The process has been built on mutual respect between the teams involved and after careful assessment of the products, services and customer support offered by Bottomline, we are confident our corporate customers will realize even greater benefits from their relationship with BNP Paribas."
Nigel Savory, Managing Director, EMEA, Bottomline Technologies adds, "At Bottomline, we are committed to driving customer and product excellence through people, technology and customer support. Our customers readily endorse successful implementations and the resulting business benefits. The partnership with BNP Paribas in the UK and Ireland is another important step forward for us in support of organizations dealing with a challenging economic environment."
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is one of the strongest banks in the world*. The Group has a presence in more than 80 countries and more than 200,000 employees, including more than 160,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across the Europe-Mediterranean zone and boasts a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.
* Rated AA by Standard & Poor´s i.e. 3rd rating level on a scale of 22.
About BNP Paribas Cash Management
As a European leader and one of the primary Cash Management players in the world BNP Paribas Cash Management provides clients with global and harmonized pan-European solutions that closely match their activity and geographic footprint. Our Corporate clients benefit from an extensive network in Europe, the Americas, Asia, Africa and the Middle East. BNP Paribas offers 150 Corporate Business centres spread across 23 countries in Europe. Through its local expertise and proximity BNP Paribas is capable of accompanying its clients in their international development with experts who have full grasp of the local specificities.
Whatever the size of their business, wherever they are located, Corporate Clients can rely on a large breath of robust cash management solutions including:
- payments and collections
- liquidity management solutions
- centralisation
- e-banking
- SWIFTNet solutions
- SEPA solutions
About Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY) 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 involving payments, invoicing, global cash management, supply chain finance and transactional documents. 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, 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.
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 for the fiscal year ended June 30, 2011 and any subsequently filed Form 10-Qs, Form 8-Ks or amendments thereto. 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.
