Source: Bottomline Technologies
Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today announced that property and casualty insurer Acuity has selected Legal eXchange to automate its legal invoice review and approval processes.
ACUITY joins a growing list of leading property and casualty insurers to have selected Bottomline's legal spend management solutions.
Legal eXchange enables insurance companies, which often rely on specialized law firms to litigate claims, to manage legal expenses more efficiently through the adoption of electronic invoice management processes. Bottomline's ability to accommodate the receipt and workflow of both outside counsel and other legal invoices gives organizations like ACUITY greater visibility into all matter-related spend, and the opportunity to establish performance benchmarks for determining which firms are best suited to litigate specific claims. The access and analysis of electronic data also enables users to work proactively with outside counsel to align and manage budgets and case handling strategies.
"We gained our reputation as a premier claims service provider because of our quality people and superior use of technology," says Jamie Loiacono, Vice President - Claims at ACUITY. "Our partnership with Bottomline and use of Legal eXchange supports our objectives by helping us eliminate paper invoice processing and enhancing our outside counsel relationships."
"Many of the nation's leading property and casualty insurers have chosen Bottomline based on our industry expertise and best-practice approach to legal spend management that introduces a greater level of transparency between our customers and their outside counsel," said Tom Gaillard, Vice President and General Manager, Bottomline Technologies. "We are excited by the opportunity to work with ACUITY and look forward to helping make their program successful."