JERSEY CITY, N.J., Jan. 26, 2012 (GLOBE NEWSWIRE) -- Fundtech, a market
leader in global transaction banking solutions, today announced a
partnership with Dataline, a leading Australian payment solution and
services company, to offer electronic invoice presentment and payment
(EIPP) and related financial supply chain services to corporate
customers in Asia-Pacific.

Corporates who implement these services can benefit from replacing slow
and costly paper-based processes with a quicker, more efficient and
greener technology. For example, within the Accounts Receivable (AR)
department, corporates can speed up the billing process by sending
their invoices electronically rather than on paper and then manage them
online. Instant delivery together with query management tools can lead
to faster settlement and reduced 'Days Sales Outstanding' (DSO). On the
Accounts Payables (AP) side, corporates can accept supplier invoices in
any format straight into their e-invoicing hub, which reduces manual
input, eliminates errors and helps to drive down costs.

There is also the option for AP departments to make an instant switch
from paper to electronic by utilizing a 'Paper-to-Data' service.
Whether a company processes invoices by mail, fax, email, EDI or other
electronic channels, the data is captured, validated to agreed business
rules and finally uploaded to an ERP or accounting system.

Dataline's products complement Fundtech's compliant Accountis EIPP
service as they both enable corporates to automate complex financial
processes, increase transaction visibility, reduce costs and eliminate
paper. By working together Dataline and Fundtech will offer a complete
range of financial supply chain solutions, which includes outbound (AR)
and inbound (AP) e-invoicing, AP workflow automation, data scanning,
e-payments support and online expenses management.

"Fundtech and Dataline already have many customers in common and look
forward to growing our joint customer base further. We share the same
vision and values. Both companies want to take the pain out of finance
and reducing unnecessary manual work by taking AR and AP processes
online. Together, our services provide busy finance staff with the
ability to view, manage and process all of their finance documents in
one secure location. This real-time access to data gives them greater
visibility of the financial supply chain so that they can better
optimize their working capital," said Ken Swanson, Managing Director of
Dataline.

Gil Gadot, Managing Director of Fundtech's Financial Supply Chain
Services strategic business unit, said: "Dataline is an established
software company with whom we share a passion for providing innovative
and cost-saving financial services that eliminate paper from the
process. Fundtech already has a strong presence in the Asia-Pacific
region and our partnership with Dataline will help us to further expand
our e-invoicing network, which already has around 200,000 corporate
connections worldwide."

About Fundtech

Fundtech is a leading provider of financial technology to banks and
corporations of all sizes around the world. Founded in 1993, Fundtech
was acquired by GTCR, a Chicago-based private equity firm. Major
product lines are: payments and liquidity management; cash management,
financial messaging, electronic invoice presentment, supply chain
financing, remote deposit capture, merchant services, credit card
gateway products and mobile banking products. The company sells these
systems through either a traditional software license or through a
Software-as-a-Service (SaaS) contract. Fundtech operates one of the
world's largest services bureaus called Fundtech Connect, which
addresses the unique needs of the financial services industry.
Thousands of financial institutions and companies around the world rely
on Fundtech's innovation to improve operational efficiency, increase
revenues, and to provide greater competitiveness through
business-to-business services. For more information please visit
www.fundtech.com

About Dataline

For over 20 years the Dataline Group has been at the forefront of
providing financial management solutions to clients in the Asia Pacific
region using a combination of proprietary software development and
strategic national and international partnerships. From major banks and
government departments to small and medium enterprises, organisations
through the region continue to rely on Dataline to enable efficiency
and speed business processing. We specialise in assisting organisations
to gain control over payment and processing resources and transform
processes and procedures into profitable and automated outcomes.
Dataline's commitment to customers and emphasis on innovation has made
us a leader within our field of expertise, in the introduction of
cutting edge technologies to deliver smarter business solutions. Access
more information at www.dataline.com.au.


CONTACT: Fundtech
         (UK & APAC) Chanda Gathani - Metia Ltd
         +44 (0) 20 3100 3605
         chanda.gathani@metia.com
         
         (USA) Binna Kim, Cognito
         +1 646 395 6304
         Binna.Kim@cognitomedia.com
         
         Corporate Contacts:
         George Ravich - Fundtech Ltd.
         +1-201-215-6530
         george.ravich@fundtech.com
         
         Dataline
         
         Bruno Bouchet - Wrapcreative
         +61411484802
         bruno@wrapcreative.com.au
         
         Corporate Contact:
         Ken Swanson - Dataline
         +6129882 6301
         ken.swanson@dataline.com.au