Bottomline and Wipro form partnership

Source: Bottomline Technologies

Bottomline Technologies (NASDAQ: EPAY), a leading provider of collaborative payment and invoice automation solutions, today announced a strategic partnership agreement with Wipro Technologies, the global IT services arm of Wipro Limited (NYSE: WIT), to provide best-of-breed corporate payments and global cash management solutions to banks, financial institutions and corporations based on Bottomline's WebSeries platform.

Through this strategic agreement, Bottomline and Wipro Technologies, one of the world's largest providers of integrated business and process solutions, will work jointly to identify opportunities in which the capabilities of both organizations can be used to help customers and prospects address the complexities of enterprise payments and transaction reporting. Wipro has established customer relationships across multiple vertical industries with leading organizations.

"We believe that delivering outstanding service to our customers begins with the right balance of software and services to address their most urgent business needs in a timely and cost-effective fashion," said Sriram Srinivasan, Vice President - Banking & Financial Services at Wipro Technologies. "With Bottomline Technologies as our preferred provider for global cash management software, we will be able to increase the value we deliver to client engagements by helping customers to deploy innovative payment and cash management products and services faster."

WebSeries forms the nucleus of Bottomline's corporate payments and global cash management solutions and is deployed across the globe by leading organizations including Fifth Third Bancorp, Paramount Pictures, UMB and Raymond James. Based on patented technology, this modular platform enables users to significantly improve straight-through processing for all payment types, while enhancing payment-related security controls and reporting, and increasing visibility into the entire payments cycle.

"The combination of our WebSeries software and payment expertise with the capabilities of one of the world's largest providers of IT services creates a compelling value proposition," said Mike McGurl, Vice President of Business Development for Bottomline Technologies. "This partnership will allow Bottomline to expand its global service capabilities and number of prospective customers, while providing Wipro with proven technology to address the growing demand among its large bank and corporate clients for complex payment and transaction reporting functionality."

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