Paymode Customer Success Story: Mayer Electric

In an era of digital processes, remote work and a heightened risk of fraud, the manual and labor-intensive ways of the past just aren't cutting it for accounts payable teams today. Mayer Electric wanted to put those days behind them and turned to Paymode-X to find a better way forward, and the AP automation benefits they realized turned out to be genuine game-changers.

Challenges

• Manual paper-based processes which were slow, costly, and error-prone
• Relying too heavily on paper checks to pay vendors
• Paying too many late fees
• Missing out on available early payment discounts

Use Case

• Uses Bottomline for Invoice and Payment Automation
• How they pay their vendors: ACH, card, wire, and check

Results

The surveyed company achieved the following results with Bottomline's AP Automation solution:

• Improved AP efficiency (i.e. reduce processing time, cost, and errors) 
• Seamlessly integrates with our ERP and banks
• Easy status updates and rollup of AP spend
• Improves AP reporting, budgeting, and forecasting
• +75% more cash-back rebates earned on AP spend
• Standardize and automate AP processes
• Two-way and three-way matching of invoice to PO
• Ability to onboard vendors quickly to securely accept digital payments

Download the success story to explore the full results.