Bottomline Technologies was granted a technology patent by the United States Patent and Trademark Office for reinforcing automated, rules-based validation of invoice data.
The provider of collaborative payment, invoice and document automation applications boosted its position within the legal spend management and accounts payable automation markets.
Bottomlines Legal eXchange and Bottomline Business eXchange capabilities deliver detailed approach to managing legal expenses with functions for automated invoice receipt and review.
Intellectual property rights are a strategic asset to our business and we actively pursue patents related to innovative product capabilities that truly set us apart in the market, says Rob Eberle, president and CEO, Bottomline Technologies. The technology represented in this patent allows our customers to exploit new, more effective approaches to spend management, which is one of the most significant benefits associated with electronic invoice processing.
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