Du är här

2015-09-04

Bottomline Technologies, Inc.: Greystone Healthcare Management Selects Paymode-X to Pay Vendors Electronically

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.
Any statements that are not statements of historical fact (including but not
limited to statements containing the words "believes," "plans,"
"anticipates," "expects," "look forward", "confident", "estimates" and
similar expressions) should be considered to be forward-looking statements.
Actual results may differ materially from those indicated by such
forward-looking statements as a result of various important factors
including, among others, competition, market demand, technological change,
strategic relationships, recent acquisitions, international operations and
general economic conditions. For additional discussion of factors that could
impact Bottomline Technologies' operational and financial results, refer to
our Form 10-K for the fiscal year ended June 30, 2014 and any subsequently
filed Form 10-Q's and Form 8-K's or amendments thereto. Any forward-looking
statements represent our views only as of today and should not be relied upon
as representing our views as of any subsequent date. We do not assume any
obligation to update any forward-looking statements.

Contact for Media:
Christine Nurnberger
Bottomline Technologies
603.812.3742
cnurnberger@bottomline.com

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bottomline Technologies, Inc. via Globenewswire

HUG#1949924

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.