PTX Cash Management and Payments
Offer a simple way for your organisation to replace spreadsheets with automation, develop more timely cash visibility and secure greater payments control without the complexity of a TMS implementation.
Avalon employs 7,000+ employees who provide care to 6,850+ patients/ residents daily. Avalon has numerous real estate holdings to house their patients which adds significant cash complexities and liquidity requirements
to their treasury and financial operations. Additionally, their nearly 7K patients and residents are cared for in distinct and numerous channels - directly in their physical facilities, across their 50 business subsidiaries, and amongst their external contractors — which presented substantial payment management and control requirements.
When Avalon began discussions with Bottomline about the Cash Management and Payments solution, their frustration with their current TMS provider was at an all time high. Their incumbent provider simply could not and would not meet their specialized needs.
“As well as being straightforward to implement, the Bottomline Cash Management and Payments model makes it easy to customize the solution for your company’s specific needs – without the additional costs that traditional vendors often tag on. The healthcare sector is very complex, since there are so many moving parts with third-party payers, and Bottomline has been very responsive to our sector-driven needs.”
- Terry Nelson, Treasury and Accounting Services Manager, Avalon Health Care Group
With the goal to streamline processes, gain greater cash visibility, and improve payment and bank transaction reconciliation processes, Avalon needed a system and partner that would be able to provide best-practice functionality and still offer flexible, customized capabilities to meet their unique requirements.
Only Bottomline was able to provide Avalon with all the required features.
Avalon Healthcare and Bottomline were awarded the 2019 Best Treasury Management Solution by TMI Magazine
“We’re very happy with our choice to implement Bottomline’s Cash Management and Payments solution. The company has responded excellently to our complex and specific needs.” Terry Nelson | Treasury and Accounting Services Manager | Avalon Health Care Group
With this fact sheet learn how to take control, reduce costs, increase efficiency and security of your entire payments process with PTX Payments Hub.
This article outlines some very practical and cost-effective strategies that companies of all sizes can implement to ensure their cash is protected to help them respond quickly and efficiently to unforeseen circumstances, from global pandemics to bank closures.
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