First Choice Medical Supply to Improve Vendor Payment Experience with Paymode-X
PORTSMOUTH, N.H. (November 4, 2015)– 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 Holt, 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 the website.
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) helps make 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, behavioural 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.
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