If your AP team is still using paper and manual processes, you’re going to love this. Paymode-X streamlines, automates and accelerates every AP process, from taking in invoices to getting approvals to making payments. It’s fast, it’s fraud-protected and it’s a whole lot more efficient and transparent than the old way.
Join the 74% of businesses reducing processing time and the 80% of companies reducing costs by automationg accounts payable
Paymode-X AP automation solutions help you
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
Get started quickly
Works from anywhere, with any ERP and bank
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, check and B2C payments, Paymode-X enables businesses to streamline payments to Vendors and consumers using a single solution.
Find out if an investment in AP automation will pay off with this quick and easy calculator. By answering just three questions, you’ll gain a better understanding of the:
Money you can save by eliminating paper and manual processes
Rebates you could earn by leveraging ACH payments
Annual net benefit your organization could achieve
See for yourself the ROI you could achieve with this evidence-based tool.
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 our ERP 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.
Implement and use easily with your ERP and existing
bank accounts
Get access to a 450,000+ 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.
