Bottomline Technologies Think Green Award Presented to Taubman Centers
May 08 2019 - 11:00AM
Bottomline Technologies (NASDAQ:EPAY), a leading provider of
financial technology that helps make business payments simple,
smart and secure, today announced the 2019 Bottomline Technologies
Think Green Award is awarded to Taubman Centers, Inc. (NYSE: TCO).
The award recognizes businesses that use technology to drive
environmentally friendly and sustainable business practices.
“We turned to Bottomline to automate and streamline our entire
accounts payables process—all the way from invoice receipt through
capture, to matching, to coding and routing for approvals and
payment,” said Kim Hughes, vice president and controller, Taubman.
“Since joining Bottomline’s Paymode-X we have converted manually
processed paper checks to electronic transactions, totaling
millions of dollars in AP spend.”
Taubman uses Bottomline’s Paymode-X electronic payment network
to pay vendors electronically. As a result, payments previously
sent as paper checks are no longer printed, mailed, transported and
discarded, reducing both environmental impact and hard dollar
costs.
“We’re always delighted to help organizations like Taubman make
their business payments simple, smart and secure,” said Rob Eberle,
President & CEO of Bottomline Technologies. “Advancing our
customers’ sustainability goals makes our engagement even more
rewarding.” Paymode-X is the largest and fastest-growing B2B
electronic payment network, processing over $200 billion per year
to more than 400,000 member organizations. Payers and vendors
harness the power of this innovative, cloud-based solution to
simplify the migration to electronic payments. “Sustainability is
embedded in all we do, from our human resources policies and
corporate governance to the planning, construction and operations
of our properties,” said Robert Taubman, Chairman, President &
CEO, Taubman. “In large and small ways, Taubman associates are
working to minimize the impacts we have on the environment, while
increasing the positive role we play in markets throughout the
United States.” About TaubmanTaubman Centers is an
S&P MidCap 400 Real Estate Investment Trust engaged in the
ownership, management and/or leasing of super-regional and outlet
shopping centers in the U.S. and Asia. Taubman’s U.S.-owned
properties are the most productive in the publicly held U.S.
regional mall industry. Founded in 1950, Taubman is headquartered
in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is
headquartered in Hong Kong. www.taubman.com
About Bottomline Technologies Bottomline
Technologies (NASDAQ: EPAY) helps make complex business payments
simple, smart, and secure. Corporations and banks rely on
Bottomline for domestic and international payments, efficient cash
management, automated workflows for payment processing and bill
review, and state of the art fraud detection, behavioral analytics
and regulatory compliance solutions. Thousands of corporations
around the world benefit from Bottomline solutions. Headquartered
in Portsmouth, NH, Bottomline delights customers through offices
across the U.S., Europe, and Asia-Pacific. For more information
visit www.bottomline.com.
Media Contact:Gemma WaiteDirector,
Marketing Communications 603.501.6537
gemma.waite@bottomline.com
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