Business benefits of Paymode-X payment automation
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A full 74% of businesses experiencing payment fraud suffered from
Paper checks are the most fraud-prone form of payment, and accounts payable is the department where most fraud incidents occur. An automated payment process helps you take advantage of secure virtual card and ACH payments, and the right solution provider can offer further security enhancements.
Paymode-X accelerates automation
Paymode-X provides payment automation for businesses, helping AP departments maximize efficiency, reduce fraud risk and optimize working capital. Paymode-X lets you:
- Get day-one payment automation with access to a network of 425,000+ businesses accepting electronic payments
- Make virtual card, ACH and check payments in a single process
- Earn rebates on virtual card and Premium ACH payments
- Receive ongoing vendor enrollment and onboarding done for you
- Integrate seamlessly with your existing ERP, accounting systems and bank accounts
- Eliminate the risks associated with AP gathering, storing and authenticating vendor
- Provide your vendors with a better payment experience, including remittance and AR tools
How Paymode-X helps customers
"Between high levels of payment automation, the early payment discounts we capture, and the cash back we get, AP is no longer viewed as a cost center." Jerry Johnson | Sr. Director of Finance | Daikin Applied Americas Inc.
"Paymode-X has provided Greystone with efficiencies and seamless transition from paper check to paperless electronic payments.” Connie Bessler | CEO | Greystone Healthcare Management
The Bottomline difference
Bottomline offers flexibility and choice when it comes to selecting your invoice automation solution. Both installed and cloud options are available, with seamless integration with hundreds of ERP systems.
What makes Bottomline different?
- Deep experience with invoice and business payment automation technology
- Domain expertise and a trusted adviser on AP and ERP best practices
- Added invoice automation solutions for complete invoice-to-payment automation
Learn more with these helpful resources
Times have changed, and so have AP payment technologies
A full 63% of businesses still make at least half of their AP payments by paper
checks, a practice that costs more time and money than necessary in the digital age.
Switching to electronic payments uses fewer resources, but some electronic payment
approaches present technical challenges and costs of their own.
This resources shows how Paymode-X has helped three organizations automate their payment processes, transform AP into a profit center and tighten security.
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