#United States #Minneapolis #MHC NorthStar #Bottomline #Payments Plus

Transforming Accounts Payable with MHC Payments Plus

MHC, renowned for its innovative document and payment automation software as a service (SaaS) solutions, has recently launched the MHC NorthStar Payments Plus. This enhanced accounts payable (AP) platform integrates the Paymode® network from Bottomline Technologies, marking a significant advancement in the automation of payment processes for finance teams.

During the announcement, Gina Armada, CEO of MHC, emphasized that the objective extends beyond merely handling payments. "Our goal is to help finance teams create value since managing payments should contribute to overall business growth," she noted. The integration of Paymode allows users to access a vast network of over 600,000 verified vendors, facilitating the management of transactions exceeding $450 billion annually.

Key Advantages of Payments Plus

1. Enhanced Security: The solution is fortified with multi-layered security features, including multi-factor authentication, OFAC screenings, and continuous monitoring, ensuring the highest level of protection against fraud.
2. Rebate-Eligible Transactions: By utilizing premium ACH and virtual card payments, businesses can enjoy monthly rebates that contribute to a reliable return on their accounts payable spending.
3. Quick Deployment: Customers can implement this solution within just 30 days with minimal involvement from IT departments, streamlining the transition.
4. Improved Data and Visibility: The platform provides comprehensive remittance data that simplifies the reconciliation process, enhances cash flow insights, and cuts processing times by over 50%.
5. Unified Workflow Management: With integrated tools for managing approvals, execution, and payment tracking, the MHC NorthStar platform enables users to avoid navigating multiple portals.

According to Gina Armada, "MHC NorthStar Payments Plus not only modernizes AP operations but also ensures efficiency and security while generating substantial financial benefits." By embedding the Paymode's secure network, MHC equips organizations with an intuitive approach to simplify AP processes, thereby strengthening overall financial operations. The collaboration with Bottomline, a leader in B2B payments, further enhances the capabilities of MHC's offerings.

A Tailored Solution for Enterprise Needs

The Payments Plus solution is designed to complement MHC's existing invoice-to-pay services, providing the flexibility needed to adapt to evolving AP requirements. Key benefits for organizations include:

• - Direct access to a well-established vendor payment network
• - Decreased reliance on costly manual operations
• - Innovative revenue opportunities arising from rebates and efficiency improvements
• - An agile and competitive financial function

About MHC

MHC specializes in facilitating digital transformations rapidly and confidently. They provide comprehensive solutions that automate document creation, capture, and distribution within core business functions. With a highly flexible, end-to-end intelligent document and payment automation platform, MHC empowers organizations to eliminate manual processes, increase operational effectiveness, and foster key stakeholder relationships, ultimately driving sustained growth and excellence.

For further information about MHC NorthStar Payments Plus, businesses are encouraged to reach out to schedule a discussion.

About Bottomline

Bottomline Technologies is a global leader in business payments and cash management, dedicated to modernizing the payments landscape for businesses and financial institutions worldwide. With a legacy of over 35 years and handling more than $16 trillion in payments annually, Bottomline is committed to delivering impactful results for customers by reengineering the payment process to enhance the financial bottom line. Bottomline is currently part of Thoma Bravo, a leading software private equity firm managing assets exceeding $179 billion.

For more information about Bottomline, please visit Bottomline's website.