PORTSMOUTH, N.H., Nov. 04, 2015 (GLOBE NEWSWIRE) -- Bottomline Technologies (NASDAQ:EPAY), a leading provider of cloud-based payment, invoice, and digital banking solutions today announced that First Choice Medical Supply, a top distributor of medical and housekeeping supplies, has selected Bottomline’s Paymode-X payment network to automate their vendor payments and optimize working capital.
First Choice Medical Supply knew they could improve efficiency within their accounts payable department by converting checks to electronic payments and providing vendors with access to a payment portal. In selecting Paymode-X, they were able to find a payment solution that was flexible enough to work with their existing accounting system and current banking relationship. They sought the help of their financial institution, Trustmark, a Paymode-X referral partner. Through this partnership, First Choice Medical Supply evaluated and ultimately selected Paymode-X to achieve their goals.
“Paymode-X met our criteria for an easy-to-implement electronic payment solution,” said Stacey Holy, Chief Financial Officer. “With Paymode-X, our vendors can now access the Paymode-X portal to report on payment information and receive CTX/EDI remittance data to apply payments more quickly.”
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 use Paymode-X to migrate from paper to electronic payments and gain efficiencies.
“It’s a privilege to welcome First Choice Medical Supply to Paymode-X through our relationship with Trustmark,” said Jessica Moran, General Manager of Cloud Payment Solutions at Bottomline Technologies. “Paymode-X will help First Choice create efficiencies in their AP department and provide an improved payment experience for their vendors.”
About First Choice Medical Supply
First Choice Medical Supply, LLC is a nationwide, 24/7 leader in distributing medical and housekeeping supplies, equipment, and furniture, along with technology-based tools that help our customers effectively manage their businesses. First Choice offers more than 20,000 products in the areas of general nursing, OTC drugs, advanced wound care, urology products, incontinence, skin care products, clinical nutrition, diabetic testing, respiratory supplies, durable equipment, infection control, and personal care. The company was founded in 2002 and is based in Richland, Mississippi. It has distribution centers in Phoenix, Arizona; Dallas, Texas; Kansas City, Kansas; Mechanicsburg, Pennsylvania; Jacksonville, Florida; Jackson, Mississippi; Lexington, Kentucky; Fresno, California and Portland, Oregon. For more information, visit https://fcms.com/.
Trustmark is a financial services company providing banking and financial solutions through 203 offices in Alabama, Florida, Mississippi, Tennessee and Texas.
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.
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Source:Bottomline Technologies, Inc.