Greystone Healthcare Management Selects Paymode-X to Pay Vendors Electronically
(Thomson Reuters ONE) -
PORTSMOUTH, N.H., Sept. 04, 2015 (GLOBE NEWSWIRE) -- Bottomline Technologies
(NASDAQ:EPAY), a leading provider of cloud-based payment, invoice and digital
banking solutions today announced that Greystone Healthcare Management has
selected Bottomline's Paymode-X payment network to automate their vendor
payments.
Before selecting Paymode-X, Greystone processed thousands of checks per week
that required manual review and postal preparation to more than 3,000 vendors.
The nature of their healthcare management business further complicated the AP
process, with payments made on behalf of more than 45 locations across nearly
100 bank accounts. While Greystone considered multiple options for payment
automation including in-house ACH and accounts payable (AP) cards, their key
solution selection criteria was ensuring that payment processing would become
more secure and efficient for their vendors.
"We looked at a variety of options but chose the Paymode-X payment network
because it integrated easily with our bank accounts and had a large, established
network of vendors," said Tom Paget, Controller, Greystone Healthcare
Management. "The efficiency of Paymode-X also benefits our vendors, as payments
and remittance details are delivered electronically."
Paymode-X facilitates the online exchange of electronic payments and remittance
advices between payers and vendors - all in a user-friendly and intuitive
format. Paymode-X is one of the world's largest business-to-business payment
networks with more than 300,000 members. A growing number of companies,
including many healthcare organizations, use Paymode-X to migrate from paper to
electronic payments and gain efficiencies.
"We are delighted to work with Greystone and their vendors," said Jessica Moran,
General Manager of Cloud Payment Solutions at Bottomline Technologies. "Paymode-
X benefits both payers and vendors and we appreciate Greystone recognizing this
in their decision."
About Greystone Healthcare Management Corp.
Greystone Healthcare Management Corp., headquartered in Tampa, FL, manages award
winning skilled nursing and assisted living communities, outpatient
rehabilitation and home health services, private duty services and hospice care.
The Greystone Health Network encompasses more than 45 locations throughout
Florida and Ohio. Greystone provides quality health care when and where their
patients need it. www.greystonehealth.com
About Bottomline Technologies
Bottomline Technologies (NASDAQ:EPAY) powers mission-critical business
transactions. We help our customers optimize financially-oriented operations and
build deeper customer and partner relationships by providing a trusted and easy-
to-use set of cloud-based digital banking, fraud prevention, payment, financial
document, insurance, and healthcare solutions. Over 10,000 corporations,
financial institutions, and banks benefit from Bottomline solutions.
Headquartered in the United States, Bottomline also maintains offices in Europe
and Asia-Pacific. For more information, visit www.bottomline.com.
Bottomline Technologies and the Bottomline Technologies logo are trademarks of
Bottomline Technologies, Inc. which may be registered in certain jurisdictions.
All other brand/product names may be trademarks of their respective owners.
This press release may contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995, including statements
reflecting our expectations about our ability to execute on our growth plans.
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limited to statements containing the words "believes," "plans," "anticipates,"
"expects," "look forward", "confident", "estimates" and similar expressions)
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Contact for Media:
Christine Nurnberger
Bottomline Technologies
603.812.3742
cnurnberger(at)bottomline.com
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Source: Bottomline Technologies, Inc. via GlobeNewswire
[HUG#1949924]
Datum: 04.09.2015 - 15:31 Uhr
Sprache: Deutsch
News-ID 418114
Anzahl Zeichen: 5762
contact information:
Town:
Portsmouth, NH
Kategorie:
Business News
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