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Paymode-X
Make and receive secure and convenient electronic payments using a solution trusted by 550,000+ member businesses.
Digital Banking
Market-leading digital banking and payments platform to engage intelligently with customers, and acquire, deepen and grow profitable relationships.
Fraud and Financial Crime Management
Gain unparalleled protection from internal fraud and external financial crime. Meet compliance and regulations without complexity.
PTX Cash Management and Payments
The simple way for your organization to automate spreadsheets, develop timely cash visibility and greater payments control without the complexity of a TMS implementation.
Financial Messaging and Bank Connectivity
Securely communicate, reconcile and manage financial transactions across your global financial supply chain.
Legal Spend Management
Gain insights into your claims data, improve your legal bill review process, enhance your vendor relationships, and reduce your legal expenses.
Nexus
Automated accounts payable solution for multifamily, CRE and other types of Real Estate companies.

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Digitally transform invoice and payment processes across your business to reduce costs, improve security and optimize working capital.
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Bottomline logo
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      Join Bottomline at AFP 2023 in
      San Diego.

      October 22 - 25

      Book a meeting with our experts at AFP before spots fill up.

      Book a Meeting
    • Bottomline Solutions Browse all products
    • Bottomline Solutions | Browse all products
      • Paymode-X
        Make and receive secure and convenient electronic payments using a solution trusted by 550,000+ member businesses.
      • Digital Banking
        Market-leading digital banking and payments platform to engage intelligently with customers, and acquire, deepen and grow profitable relationships.
      • Fraud and Financial Crime Management
        Gain unparalleled protection from internal fraud and external financial crime. Meet compliance and regulations without complexity.
      • PTX Cash Management and Payments
        The simple way for your organization to automate spreadsheets, develop timely cash visibility and greater payments control without the complexity of a TMS implementation.
      • Financial Messaging and Bank Connectivity
        Securely communicate, reconcile and manage financial transactions across your global financial supply chain.
      • Legal Spend Management
        Gain insights into your claims data, improve your legal bill review process, enhance your vendor relationships, and reduce your legal expenses.
      • Nexus
        Automated accounts payable solution for multifamily, CRE and other types of Real Estate companies.
  • Company Type
    • Company Type
      • Businesses
        Digitally transform invoice and payment processes across your business to reduce costs, improve security and optimize working capital.
      • Financial Institutions
        A comprehensive digital banking and payments platform to acquire, strengthen and grow profitable relationships.
      • P&C Insurers, Self-Insureds, and TPAs
        Gain insights into your claims data, improve your legal bill review process, enhance your vendor relationships, and reduce your legal expenses.
  • Resource Hub
    • Resource Hub
    • Bottomline Blog
      Your destination for content that helps companies make business payments simple, smart and secure. Check back often for best practices, insights and perspectives from our subject matter experts and partners.
      Customer Success
      Bottomline puts customers first. See what our customers have to say about us!
      Events
      View upcoming industry and Bottomline events and webinars, from large global conferences to expert-led webinars.
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Reimagine Invoice Processing 

With Paymode-X, digitize invoice receipt, matching, coding and approvals – all in one place.

Book Demo

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video time: 02:43 video title: Paymode-X Invoice Automation

Eliminate_manual_data_entry_and_invoice_errors01_1_1280x945.png

Paymode-X validates invoice data against your ERP, to ensure accuracy and identify exceptions.

Eliminate invoice errors and manual data entry

AI, machine learning and OCR automatically extract header and line-item info from your invoices, whether they come via email, self- scanning or other sources. The data is automatically populated in the Paymode-X portal. Exceptions are flagged for your review.

  • PO-based invoices

Paymode-X automatically matches to PO and allows straight-through processing. Invoices that don’t match are flagged as exceptions, so you can act on them fast.

  • Non-PO-based invoices

Data, such as invoice number, date, subtotal, tax total and other header/line item info is populated for your review and approval.

Automate invoice approval routing

View the invoice approval chain and who has yet to act. Also, see any invoice notes, supporting documents and audit trails.

Reviewers can approve invoices directly from an email notification or within the Paymode-X portal.

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Route invoices to a chain of reviewers or send them to a set of approvers and allow just one to give their okay.

Take advantage of early payment discounts

Keep track of every invoices on your dashboard. You can even see which invoices - and how many - qualify for early payment discounts. Plus, see all invoice statuses.

pmx_invoicing_dashboard_1.png

 

Track critical invoice metrics

Use the interactive analytics dashboards and real-time reporting to track invoice KPIs, like invoice matching statistics, invoice processing time and your vendor network on Paymode-X. You can also see:

  • Accrual reporting at both summary and detail level
  • Monthly invoice volume
  • Processing time

Matching_Statistics.jpg

“Every time an invoice comes through, it will automatically get checked against a purchase order, giving us full control over the entire process. It will reduce our invoice processing times even further to around five or six minutes. That’s basically the pinnacle of efficiency.” Michael Bulnanan | Senior Business Analyst | Guild Group
“Faster payments, mobile, and integration. Mobile capabilities are critical for our AP strategy, especially for executives who travel often and require the ability to easily access, review and approve invoices right from their phones.” Kim Hughes | VP and Controller | Taubman
“Rather than printing and scanning invoices, we now have an entirely digital solution that is more convenient and much faster.” Christopher Smith, Sr. | Business Analyst and Delivery Lead | Finance Systems

Protect your invoice processing with multi-layered security features

Paymode-X makes your invoice processing in several ways:

  • Requiring multi-factor authentication and performfing device fingerprinting to ensure your account isn’t compromised
  • Identifying potentially fraudulent invoices through risk scoring, custom business rules and supervised machine learning
  • Displaying every activity, status upate and user comments to provide a full invoice audit history 

Protect_your_invoice_processing_with_multi-layered_security_features_1280x945.png

Paymode-X will alert you to potentially fraudulent invoices, through its built-in invoice risk scoring.

Integrate seamlessly with your ERP

Paymode-X integrates with any ERP or accounting system, so you can keep your system of record. All your critical invoice data flows bi-directionally between your ERP and Paymode-X, giving you the context you need to approve and pay invoices.

PMX_integration_logos.png

Paymode-X integrates with the top ERPs across Healthcare, Higher Education, Manufacturing, Construction and other industries.

Guild Group reduced invoice processing time by 70%

Guild Automated the Entire Invoice Lifecycle to Improve Cash Flow Management.

Challenges:

Servicing pharmacists, Guild Group manages thousands of invoices every year that needed to be collated, analyzed, processed, and stored.

Solution:

Integrated Paymode-X invoice automation with their Microsoft Dynamics 365 ERP to automate their entire invoice process, from invoice capture to invoice approval. 

Results:

  • Shaved invoice processing time by 70%
  • Fully digitized invoice capture
  • AP worked within their familiar Dynamics 365 workspace to manage and approve invoices

Read Full Story

Join the companies winning with Paymode-X
invoice automation

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Want to slash invoicing time?

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