Market Research Report: Bottomline Technologies

Company Overview

• Name: Bottomline Technologies, Inc.

• Mission: To transform the way businesses pay and get paid, providing modern, secure, and smart payment solutions that add value to business operations.

• Founded: 1989

• Founders: No information is available

• Key People:

• Craig Saks, President & Chief Executive Officer

• Headquarters: Portsmouth, New Hampshire, USA

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Bottomline is known for being a global leader in business payments and cash management. It provides secure and comprehensive solutions that modernize payments for businesses and financial institutions worldwide.

Products

Bottomline Technologies offers a wide range of products that serve various aspects of business payments and cash management. Key product offerings include:

1. Payments Automation:

• Description: Automates and secures accounts payable processes from invoice to payment.

• Key Features: Eliminates manual steps; enables fast, revenue-generating Premium ACH and virtual card payments.

2. Business Payments Network with Paymode:

• Description: A leading B2B payments network.

• Key Features: Allows secure digital transactions; connects over 550,000 verified businesses.

3. Payments Connectivity & Compliance:

• Description: Enables secure processing and reconciliation within and between financial institutions.

• Key Features: Provides connectivity services globally and manages compliance and risk.

4. Cash Management:

• Description: Combines payments and treasury management tools in a digital banking platform.

• Key Features: Enhances customer relationship management and grows business value.

5. Risk Solutions:

• Description: Focuses on internal threat management and securing payments.

• Key Features: Identifies unusual behavior from insiders or intruders to prevent high-risk activities.

6. Legal Spend Management:

• Description: Manages data and assignments for insurance carriers and law firms.

• Key Features: Offers enterprise cloud solutions such as Claims Litigation Vendor Management.

Recent Developments

1. New Products Launched:

• Paymode as an Embedded Payment Product: Introduced in late 2023, it has been rapidly adopted in the marketplace.

2. Recognitions and Awards:

• Best in Class ePayables Provider: Awarded for comprehensive ePayables offering, recognized in Javelin’s 2024 Commercial ePayables Scorecard.

• Leader in IDC MarketScape for Embedded Payments: Recognized for Paymode’s capability as an embedded payments product.

• Prestigious Industry Awards 2024: Celebrated for achievements in fraud detection, treasury and risk management, digital banking, and business payments innovation.

3. Partnerships:

• Collaboration with JAGGAER: Partnership to embed Paymode application in JAGGAER Pay offering.

4. Market Expansion:

• Paymode Network Expansion: Numerous banks and fintechs have joined the network, emphasizing Paymode’s expanding role in embedded payments applications.

5. Awards in Treasury and Risk Management:

• QKS SPARK Matrix™: Recognized as a quadrant leader in Enterprise Treasury and Risk Management and Insider Risk Management for 2024.

Conclusion

Bottomline Technologies remains a frontrunner in the realm of business payments and cash management due to its innovation-driven approach and comprehensive product suite. The continued accolades and wide adoption of its products, particularly Paymode, underline its market leadership and effectiveness in modernizing payments processes globally.