Thoma Bravo's Behind the Deal cover image

Thoma Bravo's Behind the Deal

How a Take-Private is Empowering Bottomline to Further Revolutionize B2B Payments

Mar 14, 2024
Thoma Bravo Partner Brian Jaffee discusses the challenging take-private of Bottomline with CEO Craig Saks. Topics include optimizing cash flow, fintech trends, and transitioning to a private company. They highlight the shift from paper checks to digital payments and the impact on GDP.
35:17

Podcast summary created with Snipd AI

Quick takeaways

  • Thoma Bravo saw Bottomline's strength in AP automation for enterprises and identified growth potential in B2B payments digitization.
  • CEO Craig Sachs emphasized the role of company culture in driving innovation, rapid ideation, and new market offerings.

Deep dives

History and Evolution of Bottomline

Bottomline, founded in 1989 and originally public before being taken private, focused on digitizing B2B payments with a core emphasis on AP automation for enterprises. Recognizing the market's shift from paper to digital payments, Toma Bravo identified Bottomline's strong position in AP automation, catering to complex enterprise needs and spotting growth opportunities in automating and digitizing B2B payments.

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