Vendors want to eliminate detective work, simplify reconciliation, and make getting paid easier and faster than it is today. That's why so many turn to Paymode.
Because checks are the most fraud-prone payment type in use today and contribute to poor visibility and high days sales outstanding, businesses increasingly want to move toward electronic payments and secure networks. The Paymode network has made it straightforward for over 635,000 businesses to make and receive payments with zero fraud losses, with a particular focus on vendor value.
Vendors who use Paymode, as the video above outlines, can expect to see:
- A faster transition to secure, electronic payments
- Reduced DSO
- Fast reconciliation and cash application
- Improved visibility into cash and AR operations
- Tools to invoice, follow up on, and request payment from a wider swath of customers
- Better relationships with and communications to payers
If your business has grown tired of following up on payments manually and dealing with a slow, painful reconciliation process, Paymode can provide a better way forward.
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