Expand revenue and simultaneously modernize your AP processes
Accounts Payable departments in software and technology companies face pressure to reduce paper checks and handle payments to a complex web of suppliers. Paymode helps to eliminate manual and cumbersome processes by digitizing AP workflows, invoicing and B2B payments. This shifts your AP department into a revenue generator through increased rebates and a reduction in cost and time, allowing AP to contribute to business growth directly.
The need for efficiency and revenue are widely recognized, but finding a solution that can address a host of pain points like those below can be tough.
- Removing paper-based processes that are slow, costly, and error-prone
- Overcoming implementation and management challenges for payment programs
- Integrating invoice and payment activity easily with ERPs and banks
- Ending the inability to pay vendors electronically with detailed remittance information
- Moving past poor visibility and significant fraud risk
By modernizing the AP process and addressing these challenges, software and technology companies can expand their EBITDA and improve their overall financial health. Only automation allows for the needed revenue, security and visibility AP teams at privately-owned technology companies.
Trusted partner of 7 of the largest commercial banks in the United States
Core benefits
More rebates = More EBITDA
Earn up to 50% more rebates than competitive solutions on ACH and virtual card payments.
*Bottomline generated $275k in rebates last year by using Paymode.
Zero Fraud
With advanced security measures and supplier authentication light years ahead of competition, Paymode makes $570 billion of fraud-free payments to 635,000+ businesses annually
Better supplier enrollment
Trust us with authentication and onboarding and avoid the time sink and headaches of enrollment. We likely have over 50% of your suppliers on the network, and work to protect your relationships.
“I’ve been a Bottomline customer for 11 years and believe they offer one of the best fully integrated AP automation solutions.”
-Accounts Payable Analyst, Medium Enterprise Construction Company
Paymode enables secure, efficient AP automation for technology companies
Efficiency and security are critical for the fast-paced, growth-focused world of software. As companies grow, so too does the complexity of their accounts payable processes. Paymode can help software companies streamline these processes, maximize efficiency, enhance payment security, and deliver a consistent experience across all payment types. This in turn brings new revenue and efficiency to AP. Paymode brings automation to every single stage of the invoice-to-pay process. From receipt of paper and electronic invoices to digitization of workflows, approvals, and payment automation. Paymode simplifies AP tasks that traditionally consume time and resources. By automating these processes, software companies can free up their teams to focus on core business functions, enhancing productivity and operational efficiency. Plus, with a strong foundation, you can control scalability and ensure the future of your business. With a network of over 635,000+ businesses accepting virtual card and ACH payments, Paymode simplifies the vendor onboarding process. This extensive network, combined with bank account authentication services, makes payments easier and revenue more attainable.
3 Steps to better AP
Accelerate invoice processing
Digitize and automate invoice processing from receipt through capture, matching, coding, and approvals.
Automate & Streamline Payments
Increase B2B and B2C payment efficiency and earn rebates on AP spend by converting to virtual card and ACH payments in a single platform.
Secure AP Processes
Maximize visibility, control, and security by transforming manual tasks into auditable, fraudresistant workflows.
What our customers say
100%
of Paymode customers rated our ease of use as better than any competitor
8/10
of customers realize a 50% increase in rebates over the competition.
95%
rating for KPIs and reporting, a best-in-class number for solutions rated by G2
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