Bottomline Announces New Strategic Partnership With MRI Software
Bottomline Technologies (NASDAQ: EPAY) announces a partnership with MRI Software, integrating Paymode-X, its accounts payable automation solution, with MRI's real estate technology platform. This scalable API integration aims to streamline payment processes for real estate companies, enhancing efficiency, reducing costs, and minimizing fraud risks. The partnership is set to improve cash flow by enabling early-pay discounts and maximizing cashback rebates. Paymode-X serves over 450,000 businesses, processing over $250 billion annually, reaffirming its position as a market leader in the ePayables sector.
- Partnership with MRI Software enhances Paymode-X's value for real estate clients.
- Integration is expected to reduce payment processing costs and improve cash flow.
- Paymode-X serves 450,000 member businesses, processing over $250 billion annually.
- None.
Begins with Developing Scalable Integration between Paymode-X and the Global Real Estate Technology Leader
PORTSMOUTH, N.H., Oct. 13, 2021 (GLOBE NEWSWIRE) -- Bottomline (NASDAQ: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, today announced that it is a Platinum Solution Partner of MRI Software, a global leader in real estate technology. Central to the partnership is a scalable, API-based integration coming this quarter between Paymode-X, the company’s AP automation solution, and MRI Software. The integration enables real estate companies to use one platform for all their accounts payable and payment automation needs – B2B, B2C, domestic and international.
The partnership furthers the aim of Paymode-X to make it simple for real estate companies to pay and get paid. Paymode-X is transforming how more than 450,000 member businesses securely pay and get paid, processing more than
The Paymode-X MRI integration allows real estate companies to reduce the cost of processing payments, improve the efficiency of accounts payable, reduce the risk of payment fraud and improve cashflow by capturing early-pay discounts or maximizing cash-back rebates on their AP spend. Its features include:
- Simple, easy-to-use integration—eliminating the need to develop unique extraction and loading routines for company entities, vendors, purchase orders, cost centers, invoices, payments and reconciliation data
- Ongoing maintenance of Paymode-X vendor information—synchronizing vendor data in MRI and allowing companies to turn on new vendors to be paid through the platform
- Improved visibility and control—supporting the end-to-end process and helping to achieve better financial visibility from invoice to payment with data validation and process control
- Minimal IT support requirements—enabling plug and play technology that reduced time required to build and test customer invoicing and payment interfaces
“We are delighted to announce our Platinum partnership with Bottomline and the Paymode-X network,” said Sean Slack, Vice President of Partner Connect at MRI Software. “Integrating with a single, secure platform for all digital payments—domestic, international, B2B and B2C— is a new option for our clients. Our upcoming integration with Paymode-X will provide simple implementation, fast onboarding and continuous vendor recruitment and enablement, to help real estate companies reduce AP complexity, prevent fraud and improve cashflow. We look forward to demonstrating our joint offering at the upcoming Ascend event this month.”
“Our MRI partnership strengthens the vertical-specific value Paymode-X delivers to the real estate market,” said Tom Dolan, General Manager for Paymode-X, Bottomline. “The largest payers network by spend includes one of the largest networks of real estate suppliers who are ready to be paid digitally. That means MRI clients can realize faster time to value in both digitally transforming their payments and maximizing their rebate potential.”
Look for Bottomline at MRI Ascend 2021 this October 17 – October 20. For more information, or to register, visit MRI Ascend.
About Bottomline:
Bottomline (NASDAQ: EPAY) makes complex business payments simple, smart, and secure. Corporations and banks rely on Bottomline for domestic and international payments, efficient cash management, automated workflows for payment processing and bill review, and state of the art fraud detection, behavioral analytics and regulatory compliance solutions. Thousands of corporations around the world benefit from Bottomline solutions. Headquartered in Portsmouth, NH, Bottomline delights customers through offices across the U.S., Europe, and Asia-Pacific. For more information visit www.bottomline.com.
Media Contact:
John Stevens
Bottomline
pr@bottomline.com
+1 603 501 4840
Jacqueline Powell
Bottomline
pr@bottomline.com
0044 789 4256448
About MRI Software:
MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI’s comprehensive, flexible, open and connected platform empowers owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through leading solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.
Media Contact:
(U.S. for MRI)
Rachel Antman (+1 212 362 5837)
rachel@saygency.com
(EMEA for MRI)
Platform Communications
Hugh Filman (+44 7905 044850)
or Zoe Mumba (+44 7725 832393)
mri@platformcomms.com
(ANZ for MRI)
Heather Jones (+61 400 394 669)
heather@hjconsulting.com.au
FAQ
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