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) 

Seamless Integrations

with our ERP and banks

Easy Updates

on status and rollup of AP spend

Improve Reporting

for AP, budgeting, and forecasting

75% More Rebates

as cash-back earned on AP spend

Streamlined workflows

with standardize and automated AP processes

Better Invoice to PO Matching

Two-way and three-way matching of invoice to PO

Faster Vendor Onboarding

Ability to onboard vendors quickly to securely accept digital payments