Begins with the development of a scalable integration between Paymode-X and the world leader in real estate technology
PORTSMOUTH, NH, October 13, 2021 (GLOBE NEWSWIRE) – Bottomline (NASDAQ: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, announced today that it is a Platinum Solution Partner of MRI Software, a global leader in real estate technology. At the heart of 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 allows real estate companies to use a single platform for all of their accounts payable and payment automation needs – B2B, B2C, domestic and international.
The partnership pursues Paymode-X’s goal of simplifying payment and payment for real estate companies. Paymode-X is transforming the way more than 450,000 member businesses pay and get paid securely, processing over $ 250 billion annually. Paymode-X was named âMarket Leader & CloseCurlyDoubleQuote; in the Ardent Partners EPayables Technology Reviews 2021 report.
Paymode-X MRI integration enables real estate companies to reduce the cost of processing payments, improve accounts payable efficiency, reduce the risk of payment fraud, and improve cash flow by capturing discounts on prepayments or by maximizing cash back rewards on their AP spending. . Its features include:
- Simple and easy-to-use integration, eliminating the need to develop unique pull and load routines for business units, vendors, purchase orders, cost centers, invoices, payments, and data reconciliation
- Ongoing maintenance of Paymode-X vendor information – synchronizing vendor data in IRM and allowing companies to activate new vendors to pay through the platform
- Improved visibility and control – supporting the end-to-end process and helping achieve better financial visibility from invoice to payment with data validation and process control
- Minimum IT support requirements: plug and play technology to reduce the time required to create and test customer billing and payment interfaces
âWe are delighted to announce our Platinum partnership with Bottomline and the Paymode-X network,â said Sean Slack, vice president of Partner Connect at MRI Software. âIntegration with a single, secure platform for all digital payments – domestic, international, B2B and B2C – is a new option for our customers. Our upcoming integration with Paymode-X will provide simple implementation, rapid onboarding, and ongoing supplier recruitment and activation, to help real estate companies reduce PA complexity, prevent fraud, and improve cash flow. . We look forward to presenting our joint offering at the next Ascend event this month. â
âOur IRM partnership reinforces the specific vertical value that Paymode-X brings to the real estate market, & CloseCurlyDoubleQuote; said Tom Dolan, Managing Director of Paymode-X, Bottomline. âThe largest pay-by-spend network includes one of the largest networks of real estate providers ready to be paid digitally. This means IRM clients can realize a faster return on their investment by digitally transforming their payments and maximizing their repayment potential. â
Look for Bottomline at MRI Ascend 2021 from October 17-20. For more information or to register, visit MRI Ascension.
Bottomline (NASDAQ: EPAY) makes complex business payments simple, smart, and secure. Businesses and banks rely on Bottomline for domestic and international payments, efficient cash management, automated workflows for payment processing and invoice review, and industry-leading solutions for fraud detection , behavioral analysis and regulatory compliance. Thousands of businesses around the world benefit from Bottomline solutions. Headquartered in Portsmouth, New Hampshire, Bottomline delights its clients with offices in the United States, Europe and Asia-Pacific. For more information visit www.bottomline.com.
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About MRI software:
MRI Software is a leading provider of real estate software solutions that are transforming the way communities live, work and play. MRI’s comprehensive, flexible, open and connected platform enables owners, operators and occupants of commercial and residential real estate organizations to innovate in rapidly changing markets. MRI has been a pioneer in the PropTech industry for more than five decades, serving more than two million users worldwide. Through cutting-edge solutions and a rich ecosystem of partners, MRI gives real estate companies the freedom to grow their business and gain a competitive advantage. For more information, please visit mrisoftware.com.
(US for MRI)
Rachel Antman (+1 212 362 5837)
(EMEA for MRI)
Hugh Filman (+44 7905 044850)
or ZoÃ© Mumba (+44 7725 832393)
(ANZ for MRI)
Heather Jones (+61 400 394 669)