Latest news with #PaymentsPlus
Malaysian Reserve
17-07-2025
- Business
- Malaysian Reserve
MHC Launches Payments Plus to Transform Accounts Payable into a Strategic Value Driver
MINNEAPOLIS, July 17, 2025 /PRNewswire/ — MHC, a leading provider of intelligent document and payment automation SaaS solutions, today announced the launch of MHC NorthStar Payments Plus, a powerful enhancement to its accounts payable (AP) platform. Now featuring Paymode®, Bottomline's trusted business payments network, embedded in the solution, it further empowers finance teams to streamline AP operations, reduce fraud risk, and unlock new revenue through rebate-eligible transactions. 'Our goal is to help finance teams do more than just manage payments—we want them to create value,' said Gina Armada, CEO of MHC. MHC's Payments Plus leverages a network of over 600,000 verified vendors, processing over $450 billion in annual transactions. This new solution offers unparalleled advantages for organizations looking to transform AP from a cost center into a profit driver. Key Benefits Advanced security: Multi-layered security – including multi-factor verification, OFAC screening, and continuous monitoring – delivers the highest level of payment protection. Rebate-Eligible Transactions: Premium ACH and virtual card payments generate monthly rebates, creating a consistent return on AP spend. Rapid Go-Live: Customers can deploy in as little as 30 days with minimal IT effort. Enhanced Data and Visibility: Rich remittance data simplifies reconciliation, improves cash flow insights, and cuts processing time by over 50%. Unified Workflow: Users can manage approvals, execution, and payment tracking within the unified MHC NorthStar platform – eliminating the need for multiple portals. 'MHC NorthStar Payments Plus helps organizations modernize their AP operations with functionality that is not only secure and efficient but also delivers real financial returns,' said Gina Armada, CEO of MHC. 'By partnering with Bottomline, the leading name in B2B payments, and embedding the Paymode network, MHC delivers a secure, intuitive way to further simplify AP processes and strengthen financial operations. It's a powerful combination when customers can do more with less – cutting costs while driving greater value.' 'We're proud to partner with MHC to bring the benefits of Paymode to a broader range of enterprise finance teams,' said Gunita Bindra, VP Partner Strategy and Sales at Bottomline. 'MHC's expertise in automation and workflow integration makes them an ideal partner to extend the reach and impact of the Paymode business payments network.' Purpose-Built for Enterprise-Scale APThe MHC NorthStar Payments Plus solution complements existing MHC invoice-to-pay functionality, offering unmatched flexibility to meet unique and evolving AP needs. Customers benefit from: Immediate access to an established vendor payment network Reduced reliance on costly manual processes New revenue streams through rebates and efficiency gains A more agile, competitive finance function About MHCMHC enables organizations to tackle digital transformation with speed and confidence, delivering solutions to automate the creation, capture, and distribution of documents and communications across core business processes. With a highly flexible, end-to-end intelligent document and payment automation platform, MHC enables business users to eliminate manual processes, enhance operational efficiency, and deepen critical stakeholder relationships, driving sustained growth and excellence. For more information, visit MHC ContactFor more information about MHC NorthStar Payments Plus, reach out to schedule a discussion. About BottomlineBottomline helps businesses transform the way they pay and get paid. A global leader in business payments and cash management, Bottomline's secure, comprehensive solutions modernize payments for businesses and financial institutions globally. With over 35 years of experience, moving more than $16 trillion in payments annually, Bottomline is committed to driving impactful results for customers by reimagining business payments and delivering solutions that add to the bottom line. Bottomline is a portfolio company of Thoma Bravo, one of the largest software private equity firms in the world, with more than $179 billion in assets under management. For more information visit Trademarks Bottomline, Paymode, and the Bottomline logo are trademarks or registered trademarks of Bottomline Technologies, Inc. All other trademarks, brand names or logos are the property of their respective owners.
Yahoo
17-07-2025
- Business
- Yahoo
MHC Launches Payments Plus to Transform Accounts Payable into a Strategic Value Driver
MINNEAPOLIS, July 17, 2025 /PRNewswire/ -- MHC, a leading provider of intelligent document and payment automation SaaS solutions, today announced the launch of MHC NorthStar Payments Plus, a powerful enhancement to its accounts payable (AP) platform. Now featuring Paymode®, Bottomline's trusted business payments network, embedded in the solution, it further empowers finance teams to streamline AP operations, reduce fraud risk, and unlock new revenue through rebate-eligible transactions. "Our goal is to help finance teams do more than just manage payments—we want them to create value," said Gina Armada, CEO of MHC. MHC's Payments Plus leverages a network of over 600,000 verified vendors, processing over $450 billion in annual transactions. This new solution offers unparalleled advantages for organizations looking to transform AP from a cost center into a profit driver. Key Benefits Advanced security: Multi-layered security - including multi-factor verification, OFAC screening, and continuous monitoring - delivers the highest level of payment protection. Rebate-Eligible Transactions: Premium ACH and virtual card payments generate monthly rebates, creating a consistent return on AP spend. Rapid Go-Live: Customers can deploy in as little as 30 days with minimal IT effort. Enhanced Data and Visibility: Rich remittance data simplifies reconciliation, improves cash flow insights, and cuts processing time by over 50%. Unified Workflow: Users can manage approvals, execution, and payment tracking within the unified MHC NorthStar platform - eliminating the need for multiple portals. "MHC NorthStar Payments Plus helps organizations modernize their AP operations with functionality that is not only secure and efficient but also delivers real financial returns," said Gina Armada, CEO of MHC. "By partnering with Bottomline, the leading name in B2B payments, and embedding the Paymode network, MHC delivers a secure, intuitive way to further simplify AP processes and strengthen financial operations. It's a powerful combination when customers can do more with less – cutting costs while driving greater value." "We're proud to partner with MHC to bring the benefits of Paymode to a broader range of enterprise finance teams," said Gunita Bindra, VP Partner Strategy and Sales at Bottomline. "MHC's expertise in automation and workflow integration makes them an ideal partner to extend the reach and impact of the Paymode business payments network." Purpose-Built for Enterprise-Scale APThe MHC NorthStar Payments Plus solution complements existing MHC invoice-to-pay functionality, offering unmatched flexibility to meet unique and evolving AP needs. Customers benefit from: Immediate access to an established vendor payment network Reduced reliance on costly manual processes New revenue streams through rebates and efficiency gains A more agile, competitive finance function About MHCMHC enables organizations to tackle digital transformation with speed and confidence, delivering solutions to automate the creation, capture, and distribution of documents and communications across core business processes. With a highly flexible, end-to-end intelligent document and payment automation platform, MHC enables business users to eliminate manual processes, enhance operational efficiency, and deepen critical stakeholder relationships, driving sustained growth and excellence. For more information, visit MHC ContactFor more information about MHC NorthStar Payments Plus, reach out to schedule a discussion. About BottomlineBottomline helps businesses transform the way they pay and get paid. A global leader in business payments and cash management, Bottomline's secure, comprehensive solutions modernize payments for businesses and financial institutions globally. With over 35 years of experience, moving more than $16 trillion in payments annually, Bottomline is committed to driving impactful results for customers by reimagining business payments and delivering solutions that add to the bottom line. Bottomline is a portfolio company of Thoma Bravo, one of the largest software private equity firms in the world, with more than $179 billion in assets under management. For more information visit Trademarks Bottomline, Paymode, and the Bottomline logo are trademarks or registered trademarks of Bottomline Technologies, Inc. All other trademarks, brand names or logos are the property of their respective owners. View original content to download multimedia: SOURCE MHC Software
Yahoo
01-07-2025
- Business
- Yahoo
BILL Expands New Payment Services: Is There More Room for Growth?
BILL Holdings BILL is strategically expanding its platform to upgrade its traditional small and midsize business (SMB) base to serve the growing needs of larger and more complex organizations. While SMBs remain at the heart of its ecosystem, the company's latest offerings, especially the launch of Supplier Payments Plus, signal a move to serve the full spectrum of B2B Payments Plus simplifies and accelerates how large suppliers receive and record payments from SMBs. Designed specifically for enterprise suppliers, the solution streamlines the processing of thousands of incoming payments by resolving common pain points such as missing remittance details, manual cash application and slow check reconciliation. With seamless ERP integration and customizable remittance advice, it significantly boosts operational efficiency for suppliers while enhancing the overall payment experience for SMB the third quarter of fiscal 2025, BILL generated $301.7 million in revenues from its Integrated Platform, which includes Accounts Payable/Receivable and Spend & Expense solutions, marking a 14.5% year-over-year increase. This growth is supported by continued adoption across its core SMB base. Importantly, more than 9,000 accounting firms have selected BILL as their platform of choice for delivering client advisory this, BILL continues to invest in innovation across its platform. The company is enhancing its payment portfolio, expanding distribution channels and accelerating its AI strategy. As BILL continues to scale its capabilities, the outlook for sustained SMB growth remains strong, supported by a more versatile and future-ready product suite. Intuit INTU has strengthened its position in SMB financial services by launching QuickBooks Bill Pay, directly challenging BILL's role in digital payments. This move allows Intuit to offer built-in bill payment and cash flow tools within its widely adopted platform. Intuit delivers a seamless experience for small businesses already relying on QuickBooks, enhancing platform EXFY focuses exclusively on expense management, offering extraordinary tools like SmartScan receipt capture, automatic reimbursement and real-time expense tracking. Expensify's intuitive design and integration reliability give it a usability advantage over BILL's Divvy. While it lacks a full AP/AR suite, Expensify excels at fast, streamlined expense control. For SMBs that prioritize simplicity and speed in expense workflows, Expensify is still a top-tier choice. BILL's shares have dropped 45.4% year to date, underperforming the broader Zacks Computer and Technology sector's return of 6.1%. Image Source: Zacks Investment Research From a valuation standpoint, its forward 12-month Price/Sales of 3.27X compares with the industry's 5.89X. BILL has a Value Score of D. Image Source: Zacks Investment Research The consensus mark for fiscal 2025 earnings is pegged at $2.05 per share, reflecting a 5.7% increase over the past 60 days but holding steady over the last 30 days. Despite the upward revision, the figure still implies a year-over-year decline of 3.3%. Image Source: Zacks Investment Research BILL currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intuit Inc. (INTU) : Free Stock Analysis Report BILL Holdings, Inc. (BILL) : Free Stock Analysis Report Expensify, Inc. (EXFY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
