Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, and a Certified Partner in the Oracle PartnerNetwork, today at Collaborate 07 announced the availability of expanded functionality for its document process automation platform, including Proof of Delivery and archiving for electronic documents such as invoices, purchase orders and checks.
Bottomline's award-winning platform allows organizations to automate and manage business processes that rely heavily on transactional documents. Through the electronic composition, routing, delivery and storage of documents such as invoices, checks and purchase orders, organizations can operate and interact with customers and suppliers more efficiently and cost-effectively. Integrating with industry-leading Enterprise Resource Planning (ERP) systems, the platform supports Oracle Fusion Middleware, which allows users of Oracle JD Edwards and Oracle E-Business Suite to confidently embrace Oracle's strategic direction, while optimizing their ERP systems with advanced capabilities for transactional document output.
Through the addition of capabilities for Proof of Delivery, organizations can leverage the ability to capture electronic signatures at the point of receipt to initiate the creation of an invoice, thereby eliminating manual processes associated with matching and collating various paper documents related to the transaction. By accelerating the invoice process, organizations can quickly reduce days sales outstanding (DSO) and the possibility of duplicate shipments, while improving customer service. With Create!archive 6.2, the expanded electronic archive also announced today, users can further enhance process efficiencies by securely storing, searching and retrieving documents through a full featured self-service Web application.
"With today's heightened emphasis on business efficiency, compliance and customer service, it's critical that organizations adopt a more strategic approach to managing transactional documents," said Gareth Priest, Vice President of Global Product Management, Bottomline Technologies. "Through the expansion of our platform's capabilities to address the unique challenges inherent in discrete business processes, enterprises can use our platform to introduce significant process efficiencies into new areas of their business operations."
Through use of these new platform enhancements, Bottomline's customers can:
- Increase organizational cash flow by reducing DSO;
- Leverage barcodes to link receipt to invoice and eliminate extraneous paper documents and manual processing;
- Accelerate the invoice process and improve dispute resolution through automated confirmation of goods and services delivered;
- Conduct archive searches via keywords or phrases and access documents using an intuitive, personalized dashboard;
- Increase document security by defining access and user interaction at the individual or group level; and
- Embed annotations within documents to enhance audit-related tracking capabilities and effectively communicate details that require immediate action.
"By continuing to invest in our platform and through support for strategic initiatives such as Oracle Fusion Middleware, we're able to help our customers proactively adjust to new business conditions," added Priest.