MHC, a leading provider of intelligent document and payment automation SaaS solutions, 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.
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“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 AP
The 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
Source: PRNewswire