The Paymode-X Pulse helps you stay current on industry best practices and insights, as well as tips to maximize the benefits of your Paymode-X membership.
UPCOMING LIVE EXPERT WEBINAR
A Sneak Peek at AR Automation Solution Paymode-X Cash Allocation
Join us to get a first look at Paymode-X Cash Allocation and learn how it can benefit your business.
Bottomline's Leo Gill and Amanda Boston will be showing off our newest Accounts Receivable automation solution, Paymode-X Cash Allocation. You'll learn how the solution consolidates your payments into a transparent, secure tool for faster and more efficient cash allocation.
Attendees will receive a discount for taking a sneak peek.
2022 Strategic Treasurer B2B Payments Survey
Help shape the future of B2B Payments. Bottomline's 6th annual B2B Payments survey is now live. We invite you to add your thoughts to the discussion.
As a thank you for participating in the short 15-minute survey, you'll receive an exclusive version of the results report and be entered to win an Amazon gift card.
The Fastest Growing B2B Payment Type
With the use of virtual cards on the rise many accounts payable departments benefit not only from the tremendous efficiency gains and earned rebates that virtual cards provide, but also from significantly reduced fraud risk. In fact, only 3% of businesses report payment fraud attempts via virtual card, compared to 74% for check and 33% for ACH.
Paymode-X's virtual card capabilities carry a host of benefits for your accounts receivable team, while also helping your payers.
And more! Businesses not being paid and paying via virtual card are missing out on efficiency and cost savings.
- Reduce costs and improve efficiencies by minimizing checks
- Mitigate fraud risk by paying vendors with one-time use tokenized cards
- Processes virtual card payments like a standard credit card transaction
- Speed up payment processing and funds availability
- Receive detailed remittance information along with payment
- Better and faster reconciliation thanks to rich remittance data
Digital Payments and The Need for Speed
When waiting to get paid, we all want the same thing: to get paid as quickly as possible.
Whether waiting for friends to pay back the money you lent them or waiting on a virtual card payment for a huge shipment of office supplies, nobody’s keen to wait around for money to show up. Chances are you have plenty of people to pay who’d also like to be paid as quickly as possible.
Here, you’ll learn more about why we are seeing a ramp up in digital payments and how its reducing mail float, decreasing payment process times, and creating better payment terms.
4 Accounts Receivable Benefits of Paymode-X
We know that getting paid is the most essential part of any payment, but that doesn’t mean you’re content to wait for a check in the mail.
Paymode-X delivers major benefits for accounts receivable departments when you’re paid through our secure network, and here are four of the biggest ones.
Control your payments on the go
To access the app, Upgrade your Membership to Premium and log in with your Paymode-X account credentials.