Greystone chooses Bottomline Technologies' payment network
Bottomline Technologies' Paymode-X payment network has been selected by Greystone Healthcare Management to automate its vendor payments.
Before selecting Paymode-X, Greystone processed thousands of checks per week that required manual review and postal preparation to more than 3,000 vendors. Payments were made on behalf of more than 45 locations across nearly 100 bank accounts.
"We looked at a variety of options but chose the Paymode-X payment network because it integrated easily with our bank accounts and had a large, established network of vendors," Tom Paget, Greystone's controller, said. "The efficiency of Paymode-X also benefits our vendors, as payments and remittance details are delivered electronically."
Greystone, headquartered in Tampa, FL, manages assisted living and skilled nursing communities, outpatient rehabilitation and home health services, private duty services and hospice care.
Paymode-X has more than 300,000 members.