MHC Launches Payments Plus for Enhanced Accounts Payable
MHC, a prominent provider of intelligent document and payment automation solutions, has introduced MHC NorthStar Payments Plus, an innovative enhancement to its accounts payable platform. This new solution integrates Bottomline's Paymode network to empower finance teams, helping them streamline operations, mitigate fraud risk, and capitalize on rebate-eligible transactions.
Transforming Financial Operations
"Our goal is to enable finance teams to create more than just manage payments; we want them to deliver value," shared Gina Armada, CEO of MHC. Emphasizing the need for innovation, she highlighted the platform's potential to revolutionize financial operations.
The Benefits of MHC NorthStar Payments Plus
MHC's Payments Plus boasts a robust vendor network, consisting of over 600,000 verified vendors that process more than $450 billion in transactions yearly. This solution transforms accounts payable from a cost burden into a revenue-generating function.
- Advanced Security: The solution employs multi-layered security measures, which include multi-factor verification and continuous monitoring, ensuring top-tier payment protection.
- Rebate-Eligible Transactions: By offering premium ACH and virtual card payments, organizations can earn monthly rebates, significantly enhancing returns on their spend.
- Rapid Deployment: Customers can go live in as little as 30 days with minimal IT involvement, making implementation swift and efficient.
- Enhanced Data Insights: The platform provides rich remittance data that simplifies reconciliation, improves cash flow analysis, and reduces processing time by more than 50%.
- Unified Workflow: Users can oversee approvals, execution, and payment tracking through the integrated MHC NorthStar platform, avoiding the hassle of multiple portals.
Modernizing Accounts Payable Operations
"MHC NorthStar Payments Plus is designed to modernize accounts payable operations with functionality that is not only secure but also delivers tangible financial benefits," noted Gina Armada. She praised the partnership with Bottomline, affirming that its inclusion of the Paymode network provides a secure and intuitive solution designed to simplify AP processes.
A Partnership for Success
Gunita Bindra, VP of Partner Strategy and Sales at Bottomline, expressed pride in their collaboration with MHC. "MHC's automation expertise and workflow integration capabilities uniquely position us to extend the advantages of the Paymode business payments network to more enterprise finance teams. Together, we are enhancing how organizations approach payments and financial operations," she stated.
Custom Solutions for Account Payable Needs
The MHC NorthStar Payments Plus solution works alongside existing MHC functionalities, providing unparalleled flexibility to adapt to the evolving needs of accounts payable. Key advantages include immediate access to a vast vendor payment network, minimized reliance on manual processes, and opportunities for new revenue streams via rebates and efficiency improvements.
About MHC
MHC is devoted to helping organizations achieve digital transformation effectively and swiftly. The company offers solutions that automate document creation, capture, and distribution for core business processes. MHC's intelligent document and payment automation platform empowers users to eliminate manual tasks, enhance operational efficiency, and foster meaningful stakeholder relationships, facilitating sustained growth and success.
MHC Contact Information
For further information about MHC NorthStar Payments Plus, companies interested in enhancing their finance operations can connect with MHC’s expert team for a detailed discussion.
Frequently Asked Questions
What is MHC NorthStar Payments Plus?
MHC NorthStar Payments Plus is an accounts payable enhancement that integrates advanced payment processing capabilities with the Bottomline Paymode network.
How does Payments Plus improve financial operations?
It streamlines accounts payable processes, reduces fraud risk, and offers rebate-eligible transactions to generate revenue.
What are the key benefits of using Payments Plus?
Key benefits include advanced security, rebate-eligible transactions, rapid deployment times, enhanced data visibility, and a unified workflow.
How quickly can organizations implement Payments Plus?
Organizations can deploy Payments Plus in as little as 30 days with minimal IT effort required.
How does MHC support digital transformation for businesses?
MHC offers comprehensive solutions that automate essential business processes, fostering digital transformation and operational efficiency.
