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Sterling Bancorp streamlines payroll payments with Bottomline

21 May 2008  |  1732 views  |  0 Source: Bottomline Technologies

Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment, invoice and document automation solutions, today announced that Sterling National Bank, the principal banking subsidiary of Sterling Bancorp, a leading New York financial services company with assets of $2.1 billion, has selected Bottomline to help streamline the generation of payroll payments.

"At Sterling National Bank, we are committed to leveraging technology solutions as a means for increasing operational efficiencies and further differentiating our products and services in the marketplace," said Eliot Robinson, Executive Vice President, Information Services. "As a solution provider, Bottomline offers the best combination of functionality and domain expertise that will enable our organization to quickly realize the benefits of more efficient payment-related processes."

Bottomline Technologies' award-winning portfolio of solutions enable organizations to enhance the initiation, processing and reporting associated with a wide variety of payment types, including those related to payroll and vendor payments. Deployed around the world, the company's products and services are used by 65 of the Fortune 100 and 80 of the FTSE (Financial Times) 100 organizations.

"In choosing to deploy our solution, organizations gain the functionality and ease of integration required to accelerate the processes associated with different types of business-critical processes, including payments," said Rick Bell, Vice President and General Manager of Bottomline Technologies. "By improving their efficiencies, our customers can quickly reduce costs and enhance their interactions with employees, clients and business partners."

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