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.