Bottomline Technologies Announces New Version of Paymode-X

The updated solution is designed to help facilitate the migration from paper-based to electronic payments.

Portsmouth, N.H.-based Bottomline Technologies announced an updated version of its treasury management service, Paymode-X.

The product, called Paymode-X 2.0 -- Vendor View, is designed to help corporate payments migrate from paper to electronic payments and invoicing while providing vendors with faster payment and rich electronic remittance data.

According to Bottomline, Paymode-X 2.0 customers can monitor upcoming payments, display payments data graphically or in list views, navigate to payment detail through a single click and connect directly with payers to obtain additional payment information. The company further said the turnkey solution provides onboarding services that drive vendor enrollment, validation of bank and account information.

The cloud-based solution is bank-neutral, so payers and vendors can maintain existing relationships, the company said.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio