Cambridge Health Alliance Helps Vendors Streamline AR Processes With Paymode-X

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PORTSMOUTH, N.H., June 23, 2016 (GLOBE NEWSWIRE) -- Bottomline Technologies (NASDAQ:EPAY), a leading provider of cloud-based payment, invoice and digital banking solutions, is pleased to announce that Cambridge Health Alliance has upgraded their ...

PORTSMOUTH, N.H., June 23, 2016 (GLOBE NEWSWIRE) -- Bottomline Technologies (NASDAQ:EPAY), a leading provider of cloud-based payment, invoice and digital banking solutions, is pleased to announce that Cambridge Health Alliance has upgraded their Paymode-X membership to extend additional benefits to their vendor community.

Paymode-X is a global, secure, cloud-based payment network that enables businesses to pay and get paid. With a growing membership of 330,000, it's one of the world's largest B2B payment networks.

Paymode-X allows organizations to provide added value to their vendors as they pay them. With Cambridge Health Alliance's decision to upgrade their Paymode-X membership, their vendors will in turn have the opportunity to access premium membership that provides benefits including additional electronic remittance options, a payment tracker, advertising on paymodex.com, and more.

"Paymode-X has been an instrumental part of our business for some time now, providing us with significant efficiencies in our payment processes," said Samuel Rivas, AP Supervisor at Cambridge Health Alliance. "It is important to us that our vendors see value in every aspect of how they get paid. With Paymode-X, we know they'll get not only the 'must haves' of secure electronic payments and remittance, but an array of valuable features and tools created with the accounts receivable department in mind."

"In order for a payment network to truly be successful, it needs to provide value to both the paying organization and the vendors who receive payment," said Jessica Moran, General Manager of Cloud Payment Solutions at Bottomline.  "We're delighted to extend our enhanced suite of functionality and benefits to Cambridge Health and to their valued vendor community."

About Cambridge Health Alliance
Cambridge Health Alliance (CHA) is a vibrant, innovative health system dedicated to providing essential services to all members of the community. With 140,000 patients in Cambridge, Somerville, and Boston's Metro North region, CHA is a local provider of choice for primary care, specialty care, emergency services, hospital care, and behavioral health. CHA patients receive high quality care in convenient neighborhood locations, and have seamless access to advanced care through CHA's affiliation with Beth Israel Deaconess Medical Center.

CHA's community commitment extends beyond serving its patients. CHA operates the Cambridge Public Health Department and collaborates with many local agencies and organizations to improve the health of local residents. It also provides a vital safety net for underserved populations facing barriers to care. As a Harvard Medical School, Harvard School of Public Health, Harvard School of Dental Medicine, and Tufts University School of Medicine teaching hospital, CHA trains the health care providers of tomorrow.

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, 2015 and any subsequently filed Form 10-Qs and Form 8-Ks 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: Henry Goodwin Bottomline Technologies 603.380.6106 henry.goodwin@bottomline.com



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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

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Source(s) : Bottomline Technologies, Inc.

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