The greekbill acquisition positions us as the only partner who can offer both consolidated and non-consolidated banking options, coupled with best-in-class chapter financial management tools. We are very excited to embark on this partnership.
TROY, Mich. (PRWEB) May 02, 2018
Billhighway has acquired greekbill to create a partnership that expands and enhances the financial services and technology offered to the Greek community. Since their founding, Billhighway and greekbill have both built powerful technology platforms to support fraternal organizations. Over the past few months, the two organizations have been constructing a joint plan to support chapters, house corporations, foundations, and fundraising activities throughout the fraternal industry.
“We are very excited to be working with the greekbill and memberplanet founder, Rob Hammond, and his team. Rob has built a talented team and we bring together two collaborative cultures that will work together to accelerate our ability to solve the financial management challenges of chapter-based organizations,” said Billhighway President, Tom Bomberski. “In an effort to expand the choices available to our fraternal clients, we have welcomed memberplanet into our family of industry and technology partners to fulfill our mission of providing the most comprehensive suite of services and solutions to our customers. Rob will continue to focus on building the memberplanet platform.”
The greekbill platform complements Billhighway, and plays a pivotal role in the overall company strategy for serving chapter-based organizations. Both offerings will continue to include managed services to support chapter operations around transaction processing, exception management, bank reconciliation, treasury management, and financial process management.
Billhighway and greekbill will work together to bring new solutions and features to their clients. The two companies are working on initiatives to support in-person member payments and fundraising efforts, contract management, budgeting tools, and seamless API integrations for partner enablement to give clients technology options.
Describing the impact of the acquisition, Bomberski stated, “In the current M&A environment, we have stayed true to our mission to be the top financial management system through the provision of accounting services. Our mergers have been within our financial management focus area and intended to provide our clients with increased expertise, banking and software integration options. We are very excited to embark on this partnership with the greekbill team.”
About Billhighway (http://www.billhighway.co)
For over 18 years, Billhighway has been the trusted leader to simplify chapter finances for fraternity and sorority organizations. We help you take control of chapter finances to increase visibility across your entire organization, increase revenue and collections, all while saving your organization time and resources. Whether it is your chapters, housing or philanthropy, our solutions are tailored to the unique needs of fraternities and sororities to help you focus on what matters most – your mission and members. The company is headquartered in Troy, Michigan.
About greekbill (http://www.greekbill.com)
Greekbill, Inc., founded in 1996, is a leading internet application company catering exclusively to the Greek market to assist them with their financial and communications needs. Our products provide fraternities and sororities nationwide with billing, collections, online payment processing, budgeting, alumni donation web pages, communication tools, electronic contracts, customer service representatives, account managers and much more. Greekbill's web-based solution gives treasurers the ability to focus on budgeting and organization rather than collecting. The company is headquartered in Torrance, California.