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Maximize efficiency, visibility and security by automating the entire invoice-to-pay process
Paper-based AP processes are costly, inefficient and prone to fraud. This outdated approach can make it difficult to scale your business and respond to business continuity challenges as they arise. Our Paymode-X solution helps you streamline invoice receipt, automate workflows, accelerate approvals and make payments using a single solution. Earn rebates on AP spend and take your department's performance to the next level.
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Paymode-X AP automation solutions help you
Automate and streamline
Invoice-to-pay automation in
a single platform
Increase efficiency
Free up your AP staff to focus on value-add activities
Optimize AP performance
Cut costs, earn rebates and optimize working capital
Improve security
Reduce exposure to invoice and payment fraud risk
WHY CHANGE?
Only 25% of AP departments describe their processes as being “highly automated."
Source: IOFM
How Paymode-X AP automation solutions help our customers
Paymode-X is a modular solution with invoice automation and payment automation capabilities. Automate end-to-end or tackle one part of your AP process at a time.
Enables AP departments to overcome the cost, time, risk and errors associated with paper invoices and manual processes. Easily digitize and automate the invoice lifecycle starting at the time of receipt through capture, matching, coding and approvals. With Paymode-X, your AP department will streamline workflows, enhance governance and get operational visibility around PO and non-PO invoice processing.
Provides 100% payment automation for businesses, helping AP departments maximize efficiency, reduce fraud risk and optimize working capital. Unlike manual processes or fragmented virtual card, ACH and check solutions, Paymode-X enables businesses to streamline AP across all payment types using a single platform.
This short, 4-question quiz will determine where your organization is on its journey to automating payables processes and provide you with tips to help guide you along the way.
video time: 01:30video title: How Taubman leveraged AP Automation
"We wanted to automate and streamline the entire AP and payables process - all the way from receipt through approvals and payment. Most importantly, the technology had to integrate with JD Edwards and enable mobile invoice approvals."
Kim Hughes | VP & Controller | Taubman Centers
The Bottomline difference
Paymode-X integrates seamlessly with your ERP, resulting in unprecedented efficiencies, cost-savings and ease of use. By automating the entire invoice-to-pay-process, you can transform AP performance, free employees to focus on driving the business forward and increase organizational value. Integrating with your ERP or accounting system and bank, working with your existing business processes and actually eliminating paper and manual work are all key requirements for you, and the right solution will have all those pieces.
Look no further than Paymode-X.
Achieve AP automation from invoice receipt through payment
in a single solution
Implement and use easily with your ERP and existing
bank accounts
Get access to a 425,000+ member network and ongoing Vendor
onboarding services
Mitigate fraud with Vendor bank authentication, multi-factor authentication and more
Partner with a global leader in business payments
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Don’t let inefficient, manual processes stand in the way of becoming best-in-class
An accounts payable department processing 60k invoices per year stands to save $667k annually through accounts payable automation. The best-in-class AP departments saw over a 90% increase in savings by converting to electronic payments from paper checks.
